Responsive Action definition
Examples of Responsive Action in a sentence
To the extent that ▇▇▇▇▇ does not elect to control and/or perform the Responsive Action in accordance with Section 8.5, Transferor shall have an obligation to control and/or perform such Responsive Action.
Such notice shall (i) specify in reasonable detail to the extent known the breach of the covenant, obligation or agreement claimed, and (ii) with respect to any Environmental Indemnity Claim, state whether ▇▇▇▇▇ has elected to control and/or perform the Responsive Action pursuant to Section 8.7(a).
To the extent a Landlord Responsive Action involves litigation, Seller will cooperate to substitute Purchaser into any such litigation and assign Seller’s rights to any property of Tenant recovered at Closing.
In the event Seller takes a Landlord Responsive Action, Seller shall first send Purchaser a written notice outlining the course of action being undertaken by Seller (not less than 24 hours before such Responsive Action is to be taken), along with copies of all pleadings in any litigation upon the later of three (3) Business Days after Seller’s filing or three (3) Business Days after Seller’s receipt of service (as applicable).