Market Study definition
Examples of Market Study in a sentence
In the event that Purchaser is not satisfied with the changes agreed to by Purchaser, then Purchaser shall have the right to terminate this PSA upon its delivery of written notice to Seller (a “Termination Notice”) no later than 11:59 pm Eastern Time on the Market Study Termination Deadline.
Each Market Study shall be conducted by a consultant who specializes in market demand for the specific use(s) intended for the Phase being studied.
Any failure of Seller to timely deliver a Market Study Change Response shall be deemed to indicate that Seller rejects all changes contained in the Market Study Change Request.
If Purchaser does not so terminate this PSA prior to the Market Study Termination Deadline, Purchaser shall have no further right to terminate this PSA pursuant to Section 7.4, and shall therewith proceed to the applicable Phase Closing within ten (10) days following the Market Study Termination Deadline, without abatement to the Phase Price for said Phase.
Upon its receipt of a Market Study Change Response (or upon ▇▇▇▇▇▇’s deemed rejection of the requested change in a Market Study Change Request), the Parties agree to negotiate in good faith for up to ten (10) days following either such event (the “Market Study Termination Deadline”) as to whether the Parties can agree to terms on the issues first raised in the Market Study Change Request.