Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section 4.01 above, the Corporation shall deliver to the Limited Partner notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporation’s intention to exercise such right and showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Early Termination Payment. The Early Termination Schedule shall become final and binding on all parties unless the Limited Partner, within thirty calendar days after receiving the Early Termination Schedule thereto provides the Corporation with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”). If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Limited Partner shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement.
Appears in 3 contracts
Sources: Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.), Tax Receivable Agreement (Virgin Mobile USA, Inc.)
Early Termination Notice. If the a Corporation chooses to exercise its right of early termination under Section 4.01 above, the such Corporation shall deliver to the Limited Partner TRA Holders notice of such intention to exercise such right (“Early Termination Notice”) and shall deliver to the Principals a schedule (the “Early Termination Schedule”) specifying the such Corporation’s intention to exercise such right and showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Early Termination Payment. The applicable Early Termination Schedule shall become final and binding on all parties unless the Limited Partnera Principal, within thirty 30 calendar days after receiving the Early Termination Schedule thereto provides the such Corporation with notice (“Early Termination Objection Notice”) of a material objection to such Schedule made in good faith (“Material Objection Notice”)faith. If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty 30 calendar days after receipt by the such Corporation of the Material Early Termination Objection Notice, the such Corporation and the Limited Partner a Principal shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement.
Appears in 2 contracts
Sources: Tax Receivable Agreement (Ares Management Lp), Tax Receivable Agreement (Ares Management Lp)
Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section 4.01 above, the Corporation shall deliver to the Limited Partner each present or former Member notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporation’s intention to exercise such right and showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Early Termination PaymentPayment for that Member. The Early Termination Schedule shall become final and binding on all parties unless the Limited PartnerMember, within thirty (30) calendar days after receiving the Early Termination Schedule thereto Schedule, provides the Corporation with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”). If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Limited Partner Member shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement.
Appears in 2 contracts
Sources: Tax Receivable Agreement (Pennymac Financial Services, Inc.), Tax Receivable Agreement (Pennymac Financial Services, Inc.)
Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section 4.01 above, the Corporation shall deliver to the Limited each Partner whose rights are being terminated notice of such intention to exercise such right (an “Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporation’s intention to exercise such right and showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Early Termination PaymentPayment with respect to such Partner. The applicable Early Termination Schedule shall become final and binding on all parties the Corporation and such Partner unless the Limited Applicable Partner, within thirty 30 calendar days after receiving the Early Termination Schedule thereto provides the Corporation with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”). If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty 30 calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Limited Partner shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement.
Appears in 2 contracts
Sources: Tax Receivable Agreement (Moelis & Co), Tax Receivable Agreement (Moelis & Co)
Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section 4.01 above, the Corporation shall deliver to the Limited Partner each Participant notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporation’s intention to exercise such right and showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Early Termination Payment. The Early Termination Schedule shall become final and binding on all parties unless the Limited Partnera Participant, within thirty (30) calendar days after receiving the Early Termination Schedule thereto provides the Corporation with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”). If the parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Limited Partner Participants shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement.
Appears in 2 contracts
Sources: Income Tax Receivables Agreement (Evolent Health, Inc.), Income Tax Receivables Agreement (Evolent Health, Inc.)
Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section 4.01 4.01(a) above, the Corporation shall deliver to the Limited Partner each present or former Member notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporation’s intention to exercise such right and showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Early Termination PaymentPayment for that Member. The Early Termination Schedule shall become final and binding on all applicable parties unless the Limited PartnerMember, within thirty 30 calendar days after receiving the Early Termination Schedule thereto Schedule, provides the Corporation with notice of a material objection to such Schedule made in good faith (“Material Objection Notice”). If the applicable parties, for any reason, are unable to successfully resolve the issues raised in such notice within thirty 30 calendar days after receipt by the Corporation of the Material Objection Notice, the Corporation and the Limited Partner Member shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement.
Appears in 1 contract
Early Termination Notice. If the Corporation chooses to exercise its right of early termination under Section 4.01 above4.01(a), the Corporation shall deliver to the Limited Partner TRA Holders notice of such intention to exercise such right (“Early Termination Notice”) and a schedule (the “Early Termination Schedule”) specifying the Corporation’s intention to exercise such right and showing in reasonable detail the information required pursuant to Section 2.02 and the calculation of the Early Termination Payment. The applicable Early Termination Schedule shall become final and binding on all parties unless the Limited Partnerapplicable TRA Holder, within thirty ten (10) calendar days after receiving the Early Termination Schedule thereto thereto, provides the Corporation with written notice of a material objection to such Schedule made in good faith (“Material Objection Notice”)faith. If the parties, for any reasonnegotiating in good faith, are unable to successfully resolve the issues raised in such notice within thirty (30) calendar days after receipt by such Schedule was delivered to the Corporation of the Material Objection Noticeapplicable TRA Holder, the Corporation and the Limited Partner applicable TRA Holder shall employ the Reconciliation Procedures as described in Section 7.09 of this Agreement6.12.
Appears in 1 contract
Sources: Income Tax Receivable Agreement (Liberty Tax, Inc.)