Common use of Notice of Satisfaction or Failure of Conditions Clause in Contracts

Notice of Satisfaction or Failure of Conditions. (a) Seller shall provide prompt notice to Buyer of the satisfaction or waiver (in accordance with the requirements of Section 19.8) of the last of the conditions set forth in Section 2.3(a) to be satisfied or waived (such notice, the “Seller Conditions Precedent Notice”), and Buyer shall provide prompt notice to Seller of the satisfaction or waiver (in accordance with the requirements of Section 19.8) of the last of the conditions set forth in Section 2.3(b) to be satisfied or waived (such notice, the “Buyer Conditions Precedent Notice”), but in no event shall such notice be provided later than five (5) Business Days after the occurrence of the satisfaction or waiver of the last of the conditions set forth in Section 2.3(a) or Section 2.3(b), as applicable. (b) Seller shall give prompt notice to Buyer in the event that a condition set forth in Section 2.3(a), and Buyer shall give prompt notice to Seller in the event that a condition set forth in Section 2.3(b), cannot be satisfied and will not be waived by such notifying Party. The notifying Party shall specify in such notice the condition that cannot be satisfied and will not be waived by the notifying Party. (c) Each Party shall keep the other reasonably apprised of its progress with respect to satisfaction of the conditions of such Party hereunder.

Notice of Satisfaction or Failure of Conditions. (a) Seller shall provide prompt notice to Buyer of the satisfaction or waiver (in accordance with the requirements of Section 19.8) of the last of the conditions set forth in Section 2.3(a) to be satisfied or waived (such notice, the “Seller Conditions Precedent Notice”), and Buyer shall provide prompt notice to Seller of the satisfaction or waiver (in accordance with the requirements of Section 19.8) of the last of the conditions set forth in Section 2.3(b) to be satisfied or waived (such notice, the “Buyer Conditions Precedent Notice”), but in no event shall such notice be provided later than five (5) Business Days after the occurrence of the satisfaction or waiver of the last of the conditions set forth in Section 2.3(a) or Section 2.3(b), as applicable. (b) Seller Each Party shall give prompt notice to Buyer in the event that other Party if a condition set forth in Section 2.3(a), and Buyer shall give prompt notice to Seller in the event that a condition set forth in ) or Section 2.3(b), as applicable to such Party, cannot be satisfied and will not be waived by such notifying Party. The notifying Party , which notice shall specify in such notice the condition that cannot be satisfied and will not be waived by the notifying Partycondition. (c) Each Party shall keep the other reasonably apprised of its progress with respect to satisfaction of the conditions of such Party hereunder.