Common use of Notice by the Purchaser Clause in Contracts

Notice by the Purchaser. If the Vendor fails to satisfy its obligations under clause 6 on or before the Completion Date, the Purchaser may give the Vendor a notice requiring it to satisfy those obligations within 14 days after the date of receipt of the notice. If the Vendor fails to satisfy those obligations on the date specified in the Purchaser’s notice, the Purchaser may, without affecting or limiting any other rights it might have, terminate this Agreement.

Appears in 4 contracts

Samples: Joint Operating Agreement (Pacific Asia Petroleum Inc), BHPB Farmout Agreement (Pacific Asia Petroleum Inc), Pacific Asia Petroleum Inc

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Notice by the Purchaser. If the Vendor fails to satisfy its obligations under clause 6 7.3 on or before the Completion DateCompletion, the Purchaser may give the Vendor a notice specifying the relevant obligations and what is required to satisfy them and requiring it to satisfy those obligations within 14 days after the date of receipt of the notice. If the Vendor fails to satisfy those obligations on the date specified in the Purchaser’s 's notice, the Purchaser mayPurchaser, without affecting or limiting any other rights it might have, may terminate this Agreement.. 18 MINCOM AND PARADIGM

Appears in 1 contract

Samples: Business Sale Agreement (Paradigm Geophysical LTD)

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Notice by the Purchaser. If the Vendor fails to satisfy its obligations under clause 6 on or before the Completion Date, the Purchaser may give the Vendor a notice requiring it to satisfy those obligations within 14 days after the date of receipt of the notice. If the Vendor fails to satisfy those obligations on the date specified in the Purchaser’s 's notice, the Purchaser may, without affecting or limiting any other rights it might have, terminate this Agreement.

Appears in 1 contract

Samples: Pacific Asia Petroleum Inc

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