Common use of Assent to Revocation/Dispute Resolution Clause in Contracts

Assent to Revocation/Dispute Resolution. 5.2.1 No more than fifteen (15) calendar days after the date of notice from DTLA, Adopter shall notify DTLA whether Adopter desires to contest the grounds for such Revocation. If Adopter notifies DTLA that it does not wish to contest the requested Revocation, or if Adopter fails to respond timely to the notice from DTLA, the Revocation shall be deemed to be without objection (each a “Constructive Revocation Determination”) and may proceed. If Adopter timely notifies DTLA of its intent to object to the requested Revocation, Adopter shall submit a written statement, under oath, which sets out any facts which disprove or contradict DTLA's stated grounds for Revocation (“Revocation Objection”). Within ten (10) business days after receipt of the Revocation Objection, DTLA shall provide notice of the Revocation Objection and the Revocation Objection itself to the entity that requested the Revocation. Within thirty (30) days after receipt from the DTLA of the notice of the Revocation Objection, the entity or entities that requested Revocation (the “Revocation Initiators”) may initiate an arbitration in accordance with the provisions of Section 5.4 to determine whether the requested Revocation may proceed.

Assent to Revocation/Dispute Resolution. 5.2.1 3.2.1 No more than fifteen (15) calendar days after the date of notice from DTLA, Adopter shall notify DTLA whether Adopter desires to contest the grounds for such Revocation. If Adopter notifies DTLA that it does not wish to contest the requested Revocation, or if Adopter fails to respond timely to the notice from DTLA, the Revocation shall be deemed to be without objection (each a “Constructive Revocation Determination”) and may proceed. If Adopter timely notifies DTLA of its intent to object to the requested Revocation, Adopter shall submit a written statement, under oath, which sets out any facts which disprove or contradict DTLA's stated grounds for Revocation (“"Revocation Objection”"). Within ten (10) business days after receipt of the Revocation Objection, DTLA shall provide notice of the Revocation Objection and the Revocation Objection itself to the entity that requested the Revocation. Within thirty (30) days after receipt from the DTLA of the notice of the Revocation Objection, the entity or entities that requested Revocation (the “Revocation Initiators”) may initiate an arbitration in accordance with the provisions of Section 5.4 3.4 to determine whether the requested Revocation may proceed.

Assent to Revocation/Dispute Resolution. 5.2.1 3.2.1.1 No more than fifteen (15) calendar days after the date of notice from DTLA, Adopter shall notify DTLA whether Adopter desires to contest the grounds for such Revocation. If Adopter notifies DTLA that it does not wish to contest the requested Revocation, or if Adopter fails to respond timely to the notice from DTLA, the Revocation shall be deemed to be without objection (each a “Constructive Revocation Determination”) and may proceed. If Adopter timely notifies DTLA of its intent to object to the requested Revocation, Adopter shall submit a written statement, under oath, which sets out any facts which disprove or contradict DTLA's stated grounds for Revocation (“"Revocation Objection”"). Within ten (10) business days after receipt of the Revocation Objection, DTLA shall provide notice of the Revocation Objection and the Revocation Objection itself to the entity that requested the Revocation. Within thirty (30) days after receipt from the DTLA of the notice of the Revocation Objection, the entity or entities that requested Revocation (the “Revocation Initiators”) may initiate an arbitration in accordance with the provisions of Section 5.4 3.4 to determine whether the requested Revocation may proceed.