Notification to the MBD Clause Samples

The "Notification to the MBD" clause requires a party to formally inform the Management Board of Directors (MBD) about specific events, actions, or decisions as stipulated in the agreement. Typically, this involves providing written notice within a set timeframe when certain conditions occur, such as breaches, changes in circumstances, or the need for approvals. By mandating timely and clear communication to the MBD, this clause ensures that the board remains informed and can respond appropriately, thereby promoting transparency and effective governance.
Notification to the MBD. ‌ Once processing is completed, a file is created and transmitted to MBD containing the adds, updates, and delete records generated by the BCRC from the Input File submitted by the SPAP. MBD returns a file to the BCRC containing Part D enrollment information and LIS data for qualified SPAP enrollees.
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Related to Notification to the MBD

  • Notification to the Union The Employer shall advise the Union of the appointment, termination, or change of status of each Employee in the bargaining unit in accordance with Article 8.06.

  • Notification to Union The Hospital will provide the union with a list, monthly of all hirings, lay-offs, recalls and terminations within the bargaining unit where such information is available or becomes readily available through the Hospital's payroll system."

  • Notification to Holders Upon termination of the Master Servicer or appointment of a successor to the Master Servicer, in each case as provided herein, the Trustee shall promptly mail notice thereof by first class mail to the Securities Administrator and the Certificateholders at their respective addresses appearing on the Certificate Register. The Trustee shall also, within 45 days after the occurrence of any Event of Default known to the Trustee, give written notice thereof to the Securities Administrator and the Certificateholders, unless such Event of Default shall have been cured or waived prior to the issuance of such notice and within such 45-day period.

  • Confirmation to the Company If acting as sales agent hereunder, the Agent will provide written confirmation to the Company no later than the opening of the Trading Day next following the Trading Day on which it has placed Shares hereunder setting forth the number of shares sold on such Trading Day, the corresponding Sales Price and the Issuance Price payable to the Company in respect thereof.

  • Notification to Lenders Upon the issuance of any Letter of Credit the applicable Issuing Lender shall promptly notify Administrative Agent and each other Lender of such issuance, which notice shall be accompanied by a copy of such Letter of Credit. Promptly after receipt of such notice (or, if Administrative Agent is the Issuing Lender, together with such notice), Administrative Agent shall notify each Lender of the amount of such Lender's respective participation in such Letter of Credit, determined in accordance with subsection 3.1C.