When Notice Not Required Clause Samples
The "When Notice Not Required" clause defines specific situations in which a party is not obligated to provide advance written notice to the other party before taking certain actions under the agreement. For example, this clause may apply in cases of emergency, material breach, or when actions are required by law, allowing immediate response without delay. Its core practical function is to streamline processes and prevent unnecessary delays in urgent or clear-cut circumstances, ensuring that parties can act swiftly when notice would be impractical or redundant.
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When Notice Not Required. It is not necessary to give notice of a meeting of the directors to a director or an alternate director if:
(1) the meeting is to be held immediately following a meeting of shareholders at which that director was elected or appointed, or is the meeting of the directors at which that director is appointed; or
(2) the director or alternate director, as the case may be, has waived notice of the meeting.
When Notice Not Required. It is not necessary to give notice of a meeting of the directors to a director if: