Common use of Transaction Notices Clause in Contracts

Transaction Notices. (a) The Company may, from time to time during the Term, propose to KCCI that they enter into a Transaction to be executed on a specified Exchange Business Day. If KCCI agrees to the terms of such proposed Transaction or if the Company and KCCI mutually agree to modified terms for such proposed Transaction, then the Company shall promptly send to KCCI a notice, substantially in the form of Exhibit A hereto (each a “Transaction Notice”), confirming the agreed terms of such proposed Transaction. The time at which the Company issues a Transaction Notice shall be the “Notice Time” for that Transaction. If KCCI wishes such proposed Transaction to become a binding agreement between it and the Company, KCCI shall promptly indicate its acceptance thereof by countersigning and returning such Transaction Notice to the Company or sending a written notice to the Company (by any means permissible under Section 11 hereof) indicating its acceptance. The terms reflected in a Transaction Notice shall become binding on KCCI and the Company only if accepted by KCCI no later than the times specified in Section 2(b) below. Each Transaction Notice shall specify, among other things:

Transaction Notices. (a) The Company may, from time to time during the Term, propose to KCCI Xxxxxxx that they enter into a Transaction to be executed on a specified Exchange Business Day. If KCCI Xxxxxxx agrees to the terms of such proposed Transaction or if the Company and KCCI Xxxxxxx mutually agree to modified terms for such proposed Transaction, then the Company shall promptly send to KCCI Xxxxxxx a notice, substantially in the form of Exhibit A hereto (each a “Transaction Notice”), confirming the agreed terms of such proposed Transaction. The time at which the Company issues a Transaction Notice shall be the “Notice Time” for that Transaction. If KCCI Xxxxxxx wishes such proposed Transaction to become a binding agreement between it and the Company, KCCI Xxxxxxx shall promptly indicate its acceptance thereof by countersigning and returning such Transaction Notice to the Company or sending a written notice to the Company (by any means permissible under Section 11 hereof) indicating its acceptance. The terms reflected in a Transaction Notice shall become binding on KCCI Xxxxxxx and the Company only if accepted by KCCI Xxxxxxx no later than the times specified in Section 2(b) below. Each Transaction Notice shall specify, among other things: