Residual Binding Notice Clause Samples

Residual Binding Notice. Within two business days of the Residual Binding Condition having been implemented to D-R’s reasonable satisfaction, D-R shall provide E-C with written confirmation that such condition has been satisfied and that all of D-R’s obligations in Section 2.3.3.2 and Section 5.1.3.2 have become binding (such notice the “Residual Binding Notice”, the date of delivery of such notice the “Residual Binding Date”, and the calendar quarter of such date the “Residual Binding Quarter”).