Nonsubmittal Clause Samples
The Nonsubmittal clause defines the consequences or procedures that apply when a party fails to submit required documents, information, or deliverables within a specified timeframe. In practice, this clause may outline steps such as issuing reminders, imposing penalties, or allowing the other party to take corrective action if submissions are not made as agreed. Its core function is to ensure compliance with submission requirements and to provide a clear process for addressing delays or omissions, thereby minimizing disruptions and maintaining project timelines.
Nonsubmittal. For the purposes hereof, a holder of Frankfort First Common Stock who does not submit a Form of Election which is received by the Exchange Agent prior to the Election Deadline shall be deemed to have made a Non-Election. If First Federal or the Exchange Agent shall determine that any purported Cash Election or Stock Election was not properly made, such purported Cash Election or Stock Election shall be deemed to be of no force and effect and the Person making such purported Cash Election or Stock Election shall, for all purposes hereof, be deemed to have made a Non-Election.
Nonsubmittal. For the purposes hereof, a holder of First Northern Common Stock who does not submit a Form of Election which is received by the Exchange Agent prior to the Election Deadline shall be deemed to have made a Non-Election. If Mutual or the Exchange Agent shall determine that any purported Cash Election or Stock Election was not properly made, such purported Cash Election or Stock Election shall be deemed to be of no force and effect and the Person making such purported Cash Election or Stock Election shall, for all purposes hereof, be deemed to have made a Non-Election.
Nonsubmittal. For the purposes hereof, a holder of WICOR Common ------------ Stock who does not submit a Form of Election which is received by the Exchange Agent prior to the Election Deadline shall be deemed to have made a Non- Election. If Wisconsin Energy or the Exchange Agent shall determine that any purported Cash Election or Stock Election was not properly made, such purported Cash Election or Stock Election shall be deemed to be of no force and effect and the Person making such purported Cash Election or Stock Election shall, for all purposes hereof, be deemed to have made a Non-Election.