Step-Out Notice Sample Clauses

A Step-Out Notice clause defines the process by which a party can formally withdraw from a joint agreement or shared obligation. Typically, this clause outlines the required notice period, the method of communication, and any conditions or consequences associated with stepping out, such as financial settlements or the transfer of responsibilities. Its core function is to provide a clear and orderly mechanism for parties to exit an arrangement, thereby reducing uncertainty and potential disputes.
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Step-Out Notice. The Appointed Representative may at any time during the Step-in Period, serve a Step-out Notice on the Crown, specifying the Step-out Date.
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Step-Out Notice. The Commission’s Step-In Rights shall end when the event(s) or circumstance(s) giving rise to the Step-In Rights is resolved to the Commission’s reasonable satisfaction. The Commission shall deliver a sufficiently prior written notice to Provider specifying the date the Commission plans to conclude its Step-In Rights (the “Step-Out Notice”). Provider shall, following receipt of a Step-Out Notice, meet with the Commission to discuss the Commission’s findings as a result of the exercise of its Step-in Rights. Within ten (10) Business Days after the meeting, Provider shall develop and deliver to the Commission a plan to resolve any deficiencies, problems, concerns or issues related to the exercise of such Step-In Rights by the Commission and/or any related recommendations identified by the Commission.
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Step-Out Notice. Hyatt’s Step-In Rights shall end when the applicable Triggering Event is resolved to Hyatt’s reasonable satisfaction. Hyatt shall deliver a sufficiently prior written notice to Roomlinx specifying the date Hyatt plans to conclude its Step-In Rights (the “Step-Out Notice”). Roomlinx shall, following receipt of a Step-Out Notice, meet with Hyatt to discuss Hyatt’s findings as a result of the exercise of its Step-in Rights. Within ten (10) business days after the meeting, Roomlinx shall develop and deliver to Hyatt a plan to implement Hyatt’s reasonable recommendations to improve the Systems and Services.
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Step-Out Notice. The Appointed Representative or the Agent may at any time during the Step-In Period deliver to the Province’s Representative a Step-Out Notice.
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Step-Out Notice. The Lenders’ Agent or the Appointed Representative may at any time during the Step-In Period deliver to the City a Step-Out Notice which specifies the Step-Out Date.
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Related to Step-Out Notice

  • PUT NOTICE At any time during the Commitment Period, the Company may deliver a Put Notice to Investor, subject to the conditions set forth in Section 7.2; provided, however, the Investment Amount for each Put as designated by the Company in the applicable Put Notice shall be neither less than the Minimum Put Amount nor more than the Maximum Put Amount.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Termination Event; Notice The Purchase Contracts and all obligations and rights of the Company and the Holders thereunder, including, without limitation, the rights of the Holders to receive and the obligation of the Company to pay any Contract Adjustment Payments or any Deferred Contract Adjustment Payments, and the rights and obligations of the Holders to purchase shares of Common Stock, will immediately and automatically terminate, without the necessity of any notice or action by any Holder, the Purchase Contract Agent or the Company, if, on or prior to the Purchase Contract Settlement Date, a Termination Event shall have occurred. Upon the occurrence of a Termination Event, the Company shall promptly but in no event later than two Business Days thereafter give written notice thereof to the Purchase Contract Agent, the Collateral Agent, and to the Holders at their addresses as they appear in the Security Register. Upon and after the occurrence of a Termination Event, the Units shall thereafter represent the right to receive the Debentures underlying the Applicable Ownership Interest in Debentures or the Applicable Ownership Interest in the Treasury Portfolio, as the case may be, forming a part of such Units in the case of Corporate Units, or Treasury Securities in the case of Treasury Units, in accordance with the provisions of Section 4.3 of the Pledge Agreement.

  • Termination Warning Notice B The Secretary of State may serve a Termination Warning Notice where he considers that:

  • Settlement Notice Upon written request received from the Master Servicer, the Servicer shall provide any report relating to such settlement to the Master Servicer on a Hazard Insurance Loss Draft Notification, together with a summary of the disposition of the proceeds.