Common use of Time period for satisfaction of Conditions Precedent Clause in Contracts

Time period for satisfaction of Conditions Precedent. Unless a specific time period is provided for the satisfaction of a particular condition precedent, each Party shall satisfy or procure the satisfaction of the Conditions Precedent for which it is responsible within 30 Days of the Execution Date. The Parties shall notify each other, together with supporting documentation, where relevant, of the satisfaction of those Conditions Precedent for which they are responsible, promptly and, in any event, no later than 5 Days after the date of satisfaction of each such Condition Precedent.

Time period for satisfaction of Conditions Precedent. Unless a specific time period is provided for the satisfaction of a particular condition precedent, each Party shall satisfy or procure the satisfaction of the Conditions Precedent for which it is responsible within 30 90 Days of the Execution Date. The Parties shall notify each other, together with supporting documentation, where relevant, of the satisfaction of those Conditions Precedent for which they are responsible, promptly and, in any event, no later than 5 Days after the date of satisfaction of each such Condition Precedent.