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:''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 does “immediately”, as used here, even mean? Do we expect poor benighted Party A to be in [[fundamental breach]] should it fail at the instant — measured upon an atomic clock — that the alteration to said investment policy is formally approved in the institution’s minutes? | What does “immediately”, as used here, even mean? Do we expect poor benighted Party A to be in [[fundamental breach]] should it fail to advise Party B at the instant — measured upon an atomic clock — that the alteration to said investment policy is formally approved in the institution’s minutes? | ||
No? Then within what period can one dither and still be thought of as in the moment? | No? Then within what period can one dither and still be thought of as in the moment? | ||