Common use of Step-Out Notice Clause in Contracts

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.

Appears in 2 contracts

Sources: Master Services & Equipment Purchase Agreement (Roomlinx Inc), Master Services & Equipment Purchase Agreement (Roomlinx Inc)