Enhancement Notice Sample Clauses

Enhancement Notice. Completion Guarantor may, but shall be under no obligation to, send a notice (“Enhancement Notice”) to Producer of Completion Guarantor’s belief that certain costs of Production and Delivery (which shall be identified in such notice) were incurred because of an Enhancement. Within five (5) Business Days after its receipt of an Enhancement Notice, Producer shall give written notification to Completion Guarantor as to whether Producer accepts (“Enhancement Acceptance Notice”) or objects to (“Enhancement Objection Notice”) the claims in the Enhancement Notice. If Producer shall send an Enhancement Objection Notice to Completion Guarantor, Producer shall specify therein the extent to which Producer accepts or objects to each of the costs claimed in the Enhancement Notice to have been incurred because of an Enhancement. In the Enhancement Objection Notice, Producer shall provide explanations, with reasonable specificity, as to why Producer does not accept any such costs were incurred because of an Enhancement. If Producer fails to send an Enhancement Objection Notice, with such reasonably specific explanations, to Completion Guarantor within five (5) Business Days after Producer’s receipt of an Enhancement Notice, then for all purposes hereunder Producer shall be deemed to have sent to Completion Guarantor an Enhancement Acceptance Notice for all the costs stated in the Enhancement Notice. Any failure or neglect of Completion Guarantor to send to Producer an Enhancement Notice for any particular Enhancement will not constitute a waiver of Producer’s obligation to comply with the provisions hereof in connection with such Enhancement.