Common use of Revisions to Schedules Clause in Contracts

Revisions to Schedules. The parties acknowledge and agree that, as of the date hereof, certain schedules of this Agreement describing and allocating the consideration are in a preliminary form or, due to the nature of such schedules, it is impossible or unduly burdensome to continuously update such schedules. The parties will use commercially reasonable efforts to agree upon final forms of each schedule prior to the Closing, using good faith efforts to conform such schedules to such parties' expectations as contemplated in the relevant DYNA Models, the PDS and other transaction documents (it being acknowledged and agreed that, to the extent necessary or desirable for the exercise of for the proper exercise of any right granted to the parties hereunder, such schedules will be finalized in a timely manner to permit the relevant party to exercise such right in an informed manner, and the relevant time periods for exercise of such rights will be extended on a day for day basis attributable to any delay attributable to the other party, as may be necessary).

Appears in 1 contract

Sources: Sale Agreement (Reckson Operating Partnership Lp)

Revisions to Schedules. The parties acknowledge and agree that, as of the date hereof, certain schedules of this Agreement describing and allocating the consideration are in a preliminary form or, due to the nature of such schedules, it is impossible or unduly burdensome to continuously update such schedules. The parties will use commercially reasonable efforts to agree upon final forms of each schedule prior to the applicable Closing, using good faith efforts to conform such schedules to such parties' expectations as contemplated in the relevant DYNA Models, the PDS and other transaction documents (it being acknowledged and agreed that, to the extent necessary or desirable for the exercise of for the proper exercise of any right granted to the parties hereunder, such schedules will be finalized in a timely manner to permit the relevant party to exercise such right in an informed manner, and the relevant time periods for exercise of such rights will be extended on a day for day basis attributable to any delay attributable to the other party, as may be necessary).

Appears in 1 contract

Sources: Contribution Agreement (Reckson Operating Partnership Lp)