Time for Satisfaction Clause Samples
The 'Time for Satisfaction' clause sets a specific deadline or period within which certain conditions or requirements must be fulfilled under a contract. Typically, this clause applies to obligations such as obtaining approvals, completing inspections, or meeting other preconditions necessary for the contract to proceed. By clearly defining when these conditions must be satisfied, the clause helps prevent delays and uncertainty, ensuring that both parties understand their timelines and can plan accordingly.
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Time for Satisfaction. Each Call shall be satisfied within the time stipulated by the Broker (in its absolute discretion) for satisfaction of the Call or, in the absence of such stipulation, the Client is required to comply before the commencement of trading in the following day on which the Exchange, as applicable are open for business. The Broker may in accordance with the Business Rules of the Exchange, deem one (1) hour a reasonable time to comply with a demand for payment of a Call.
Time for Satisfaction. The Conditions Precedent shall be satisfied by the expiry of 4 Months after the date of signing of this Second Amendment Agreement to the Concession Agreement.
Time for Satisfaction. If the Subdivision Condition is not satisfied on or before the Closing, each of Seller and Buyer shall have the right to extend the Closing for up to two (2) consecutive fifteen (15) day periods (for a total of up to thirty (30) days) in order to satisfy the Subdivision Condition. If the Subdivision Condition is not satisfied on or before the Closing or within such additional thirty (30) day period, this Agreement shall terminate. In the event of such termination, the Deposit shall be returned to Buyer, the Title Company shall return all documents and instruments to the party who deposited same, each party shall pay one-half (1/2) of the escrow termination fee, if any, and Seller and Buyer shall thereupon each be released from any obligations under this Agreement, except the Continuing Obligations and subject to the parties respective rights under Sections 3.2 and 3.3 in the event of a default by the other party.