Common use of Satisfaction Date Clause in Contracts

Satisfaction Date. The Satisfaction Date shall be the date on which all Required Regulatory Approvals have either been waived or obtained, without any modifications or conditions that are not provided for in the Definitive Agreements, or if modified or conditioned, upon the date of written acceptance of such modification or condition by the Party or Parties which, upon exercising reasonable business judgment, has or have concluded that its or their rights or obligations under the Definitive Agreements would be materially adversely affected by any such modification or condition. Upon the occurrence of the Satisfaction Date, Edison shall, within five (5) Business Days, provide written notice to the other Parties of such occurrence, provided that any failure by Edison to so provide notice shall not affect the occurrence of the Satisfaction Date.