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{{a|negotiation|}}Where an obligation is expressed be performable “'''[[immediately]]'''”, do we lose anything if we yielding in favour of “[[as soon as reasonably practicable]]”? [[Chicken licken]]s may be aghast, but your old contrarian pal says no. | {{a|negotiation|}}Where an obligation is expressed be performable “'''[[immediately]]'''”, do we lose anything if we yielding in favour of “[[as soon as reasonably practicable]]”? [[Chicken licken]]s may be aghast, but [[Jolly Contrarian|your old contrarian pal]] says no. | ||
:''In the event that Party A makes any material changes to its investment policies it [[shall]] be [[obligated]] to {{strike|immediately}}{{insert|as soon as reasonably practicable}} notify Party B. | :''In the event that Party A makes any material changes to its investment policies it [[shall]] be [[obligated]] to {{strike|immediately}}{{insert|as soon as reasonably practicable}} notify Party B. | ||
What do we think immediately even means, folks? Do we expect it | What do we think immediately even means, folks? Do we expect poor benighted Party A to be in [[fundamental breach]] should it fail at the instant — judged by some kind of atomic click — that the alteration to said investment policy is formally approved? | ||
No? Then within what period does counts as “immediate”? | |||
If so, you might ask yourself just how different that sense of “[[immediately]]” is to “[[as soon as reasonably practicable]]”. | You might think Party B needs a reasonable amount of time to collect itself, get back to the office, take its rolodex out of the drawer and find its [[broker]]’s number, clear its throat and wait for the broker to pick up the line. If so, you might ask yourself just how different that sense of “[[immediately]]” is to “[[as soon as reasonably practicable]]”. | ||
Not very, is your correspondent’s opinion. | |||
{{sa}} | {{sa}} | ||
*The difference between [[practical|practi''cal'']] and [[practicable|practi''cable'']]. | *The difference between [[practical|practi''cal'']] and [[practicable|practi''cable'']]. | ||
*[[As soon as possible but in any event not later than]] | *[[As soon as possible but in any event not later than]] | ||