CP Satisfaction Notice definition
Examples of CP Satisfaction Notice in a sentence
Upon satisfaction of the Conditions Precedent to Closing, the Company and the Promoter shall certify the satisfaction and fulfilment of the same in writing to the Investor, in an Agreed Form (CP Satisfaction Notice), together with documentary evidence of such fulfilment to the reasonable satisfaction of the Investor.
Upon receipt of the CP Satisfaction Notice from the Mine Developer and Operator, TANGEDCO will certify and declare the satisfaction of all Conditions Precedent and the date of such certification and declaration shall be the “CP Completion Date”.
In case the Purchaser does not deliver the Balance RG CP Satisfaction Notice or the Balance RG CP Defects Notice within the abovementioned 5 (five) Business Day period, the Balance RG Conditions Precedent shall be deemed to have been completed to the satisfaction of the Purchaser and the Purchaser shall be deemed to have provided the Sellers with the Balance RG CP Satisfaction Notice.
If, the Conditions Precedent are not completed to the satisfaction of AHCL (unless waived or deferred by AHCL in writing at its sole discretion and if permitted by Applicable Law) by the expiry of the Long Stop Date and AHCL does not issue the CP Satisfaction Notice, then, AHCL shall have the right to terminate this Agreement by issuing a written notice to the other Parties.
If the Purchaser is satisfied (acting reasonably) with the fulfilment of the Balance RG Conditions Precedent as stated in the Revised Balance RG Completion Notice, it shall issue the Balance RG CP Satisfaction Notice to the Sellers, within 5 (five) Business Days from the receipt of Revised Balance RG Completion Notice, without prejudice to the other provisions of this Agreement.