Objection Procedure. If AMEC disputes any exercise by the Company of its right to make a Set Off or a Set Off Reserve, then AMEC shall deliver a written notice to the Company ("OBJECTION NOTICE") within 5 Business Days following receipt of a Set Off Reserve Notice. The Objection Notice shall state the portion of the applicable Loss to which AMEC objects and a reasonably detailed description of the basis of such objection. AMEC and the Company shall negotiate in good faith to resolve any dispute with respect to the matters set forth in the Objection Notice for a period of 20 days following receipt of such Objection Notice by the Company.
Appears in 1 contract
Sources: Guaranteed Unsecured Set Off Loan Notes (Centex Development Co Lp)
Objection Procedure. If AMEC disputes any exercise by the Company of its right to make a Set Off or a Set Off Reserve, then AMEC shall deliver a written notice to the Company ("OBJECTION NOTICE") within 5 Business Days following receipt of a Set Off Reserve Notice. The Objection Notice shall small state the portion of the applicable Loss to which AMEC objects and a reasonably detailed description of the basis of such objection. AMEC and the Company shall negotiate in good faith to resolve any dispute with respect to the matters set forth in the Objection Notice for a period of 20 days following receipt of such Objection Notice by the Company.
Appears in 1 contract
Sources: Guaranteed Unsecured Set Off Loan Notes (Centex Development Co Lp)
Objection Procedure. If AMEC disputes any exercise by the Company Purchaser of its right to make a Set Off or a Set Off Reserve, then AMEC shall deliver a written notice to the Company Purchaser ("OBJECTION NOTICE") within 5 five (5) Business Days following receipt of a Set Off Reserve Notice. The Objection Notice shall state the portion of the applicable Loss to which AMEC objects and a reasonably detailed description of the basis of such objection. AMEC and the Company Purchaser shall negotiate in good faith to resolve any dispute with respect to the matters set forth in the Objection Notice for a period of 20 twenty (20) days following receipt of such Objection Notice by the CompanyPurchaser.
Appears in 1 contract
Sources: Share Purchase Agreement (Centex Development Co Lp)