Common use of Non-Satisfaction/Waiver Clause in Contracts

Non-Satisfaction/Waiver. (a) The Seller shall give notice to the Purchaser of the satisfaction of the condition in clause 4.1 within two Business Days of becoming aware of the same. (b) If the condition in clause 4.1 is not satisfied on or before June 30, 2011, the Purchaser may, in its sole discretion, terminate this Agreement by giving notice in writing to the Seller and the Seller shall have no claim against the Purchaser under it.

Appears in 2 contracts

Sources: Share Purchase Agreement (South Hertfordshire United Kingdom Fund LTD), Share Purchase Agreement (South Hertfordshire United Kingdom Fund LTD)