Common use of Standard of Promptness Clause in Contracts

Standard of Promptness. Where the Agent is obliged by the provisions of this Article 15 to give any notice or notification "promptly" or "forthwith", if it gives such notice or notification within two (2) Business Days of an officer of it charged with the administration of this Agreement becoming aware of the subject matter of such notice or notification, it shall be deemed to have given such notice or notification promptly or forthwith.

Appears in 1 contract

Sources: Credit Agreement (MDC Partners Inc)

Standard of Promptness. Where the an Agent is obliged by the provisions of this Article 15 16 to give any notice or notification "promptly" or "forthwith", if it gives such notice or notification within two (2) Business Days of an officer of it charged with the administration of this Agreement becoming aware of the subject matter of such notice or notification, it shall be deemed to have given such notice or notification promptly or forthwith.

Appears in 1 contract

Sources: Credit Agreement (Cognos Inc)

Standard of Promptness. Where the Agent is obliged by the provisions of this Article 15 11 to give any notice or notification "promptly" or "forthwith", if it gives such notice or notification within two (2) Business Days of an officer of it charged with the administration of this Agreement becoming aware of the subject matter of such notice or notification, it shall be deemed to have given such notice or notification promptly or forthwith.

Appears in 1 contract

Sources: Loan Agreement (BioAmber Inc.)