Common use of Appellate Decision Clause in Contracts

Appellate Decision. A Party receiving a copy of an opinion or other decision‌ affecting a Regulatory Approval or the terms or conditions thereof (“Decision”) of an appellate court will, within five (5) Business Days and in the manner provided in Section 25.3, provide a copy thereof to each other Party. Following receipt of the Decision, each Party will review the Decision to determine the potential effect of the Decision on the transactions provided for in this Restructuring Agreement. The Parties will confer in good faith regarding the effect, if any, of the Decision and will attempt, within seventy-five (75) days of receipt of a copy of the Decision, or such other period as the Parties may determine, to mutually agree upon the appropriate course of action in light of the Decision.

Appears in 1 contract

Sources: Restructuring Agreement

Appellate Decision. A Party receiving a copy of an opinion or other decision‌ decision affecting a Regulatory Approval or the terms or conditions thereof (“Decision”) of an appellate court will, within five (5) Business Days and in the manner provided in Section 25.3, provide a copy thereof to each other Party. Following receipt of the Decision, each Party will review the Decision to determine the potential effect of the Decision on the transactions provided for in this Restructuring Agreement. The Parties will confer in good faith regarding the effect, if any, of the Decision and will attempt, within seventy-five (75) days of receipt of a copy of the Decision, or such other period as the Parties may determine, to mutually agree upon the appropriate course of action in light of the Decision.

Appears in 1 contract

Sources: Restructuring Agreement