Unsatisfactory Condition definition
Examples of Unsatisfactory Condition in a sentence
Notwithstanding the foregoing, a circumstance or condition which constitutes an Environmental Remediation Obligation under Section 7.7(b) shall not constitute an Unsatisfactory Condition.
An Unsatisfactory Condition Report (UCR) is the vehicle to formally document a condition in writing.
Nothing herein shall obligate Seller to cure the Unsatisfactory Condition.
Normal Duties Prepares de Havilland Unsatisfactory Condition Report forms from information received from customers by letter, telex, telephone, etc.; as necessary.
Upon the conclusion of such discussions (the time for which may extend beyond such initial thirty (30) day period), Tenant shall propose to Landlord in reasonable detail from among the Tenant Remedies one or more commercially reasonable action to address the Unsatisfactory Condition (the “Tenant Proposal”).
Unsatisfactory Condition means a material non-compliance with the Specifications.
In the event that Seller cures the Unsatisfactory Condition prior to the expiration of the Cure Period, notwithstanding anything herein to the contrary, the Closing Date shall be deemed to be the date that is two weeks subsequent to the date that Purchaser receives notice that the Unsatisfactory Condition has been cured.
An open EER will be converted to an Unsatisfactory Condition Request (UCR) of the same priority at the time of a positive standardization decision.
Notwithstanding the foregoing, Seller shall reimburse Purchaser for the fee and other costs paid by Purchaser to the Bank in connection with the application for a Loan Commitment or in connection with the Loan Commitment itself in the event that, prior to the expiration of the Feasability Period, Purchaser certifies to Seller the nature of the Unsatisfactory Condition and Seller fails to cure the Unsatisfactory Condition prior to the expiration of the Cure Period.
In the event that Seller fails to cure the Unsatisfactory Condition prior to the expiration of the Cure Period, this Contract shall be deemed terminated as of the expiration of the Cure Period.