Common use of Response to Demand Clause in Contracts

Response to Demand. The Receiving Party shall within ten (10) Business Days, provide a written response (“Response”), in the form required by the Section entitled “Notice” herein, to the Submitting Party. The Response should state whether the Receiving Party accepts or rejects the Demand or whether the Receiving Party needs any additional information in order for it to fully analyze the Demand. The Submitting Party shall promptly comply with Receiving Party’s request for additional information. Any delay caused by Submitting Party’s failure to respond to a request for additional information shall extend the period within which the Receiving Party must provide the Response. In no event, however, shall the time period for a Response be extended beyond twenty (20) Business Days from the date the Receiving Party receives the Demand. Failure of the Receiving Party to provide a Response within the time period prescribed by this Section shall be deemed a rejection of the Demand by the Receiving Party.

Appears in 2 contracts

Sources: Staff Augmentation Services Agreement, Environmental Consultants Services Agreement

Response to Demand. The Receiving Party shall within ten (10) Business Days, provide a written response (“Response”), in the form required by the Section entitled “Notice” herein, to the Submitting Party. The Response should state whether the Receiving Party accepts or rejects the Demand or whether the Receiving Party needs any additional information in order for it to fully analyze the Demand. The Submitting Party shall promptly comply with Receiving Party’s request for additional information. Any delay caused by Submitting Party’s failure to respond to a request for additional information shall extend the period within which the Receiving Party must provide the Response. In no event, however, shall the time period for a Response be extended beyond twenty (20) Business Days from the date the Receiving Party receives the Demand. Failure of the Receiving Party to provide a Response within the time period prescribed by this Section Article shall be deemed a rejection of the Demand by the Receiving Party.

Appears in 2 contracts

Sources: Standard Agreement, Standard Agreement