It is therefore essential that the SPA BSM determines how to determine when the suspensive conditions are met and when they can no longer be met. It should also be indicated which of the parties is responsible for the fulfilment of any given condition precedent. The party concerned shall make reasonable efforts to satisfy the conditions precedent applicable up to the long-top date. If more specific risks are identified during due diligence, it is likely that they will be covered by appropriate compensation in the sales contract in which the seller promises to reimburse the buyer for compensatable liability on a book-by-pound basis. . . .

Posted by / september 8, 2021
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