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Cause Notice definition

Cause Notice hereunder shall be the following: (I) the terminating party shall send notice (the “Initial Notice”) stating the basis for the breach as set forth in i or ii above, giving a 60 day right to cure. (II) if the breach is not cured in 60 days, the terminating party shall then give notice (the “Second Notice”) of its intent to terminate in 60 days. (III) 60 days following the Second Notice, the Letter Agreement may be terminated by the terminating party, immediately.
Cause Notice is defined in Section 8.10.
Cause Notice means a written notice given to the Managing Member by another Member (with a copy of the same being given to each other Member concurrently therewith) that (a) specifies the events that such Member believes have occurred and give rise to a Cause Event and (b) contains the following notice in bold, all upper-case letters:

Examples of Cause Notice in a sentence

  • Securities and Exchange Board of India (SEBI) has issued a Show Cause Notice to UTI AMC and UTI MF in January 2020 under Rule 4(1) of SEBI (Procedure for Holding Inquiry and imposing penalties) Rules, 2005 (Adjudication Rules) read with Section 15I of SEBI Act, 1992 in respect of India Debt Opportunities Scheme (IDOF Scheme).

  • Pension Fund Regulatory and Development Authority (PFRDA) has issued a Show Cause Notice (SCN) to UTI AMC under section 30 of the Pension Fund Regulatory and Development Authority Act, 2013 (“PFRDA Act”) read with Regulation 4 of the Pension Fund Regulatory and Development Authority (Procedure for Inquiry by Adjudicating Officer) Regulations, 2015 in February 2020, in respect of its functioning as a Point of Presence (PoP) for National Pension System (NPS) activities.

  • GCC 23.1—In case deliveries are not completed within the time frame specified in the schedule of requirements / contract award, a Show Cause Notice will be served on the Bidder which will be following by cancellation of the Contract to the extent of non- delivered portion of installments.

  • In case where the deliveries as per contract are not completed within the time frame specified in the schedule of requirement, the Contract to the extent of non-delivered portion of supply may be cancelled followed by a Show Cause Notice.

  • The Cause Notice shall state the particular action(s) or inaction(s) giving rise to termination for Cause.

  • If the Executive so effects a cure to the satisfaction of the Board, the Cause Notice shall be deemed rescinded and of no force or effect.

  • GCC 16.1 In case deliveries are not completed within the time frame specified in the schedule of requirements / contract, a Show Cause Notice will be served on the Bidder which will be following by cancellation of the Contract to the extent of non-delivered portion of installments.

  • The Cause Notice shall state the particular action(s) or inaction(s) giving rise to the termination for Cause.

  • Suspension of order/ contract: Further, only in the following situations, the concerned order (s)/ contract(s) (where Corrupt/Fraudulent/ Collusive/ Coercive Practices are observed) and payment shall be suspended after issuance of Suspension cum Show Cause Notice: (i) Head of Corporate Vigilance Department/CVO based on the investigation by them, recommend for specific immediate action against the agency.

  • Also the fact that if no reply was received to the Show Cause Notice shall invariably be indicated in the final communication to the Agency.


More Definitions of Cause Notice

Cause Notice which shall describe in detail the circumstances the Company believes to have triggered its right to terminate Executive for Cause, and shall specify the effective date of termination. In the event that the Executive is terminated for Cause (as defined below), the Executive will be entitled only to those payments set forth in Article 3.1(a)(iii) and (vi). If, within ninety (90) days following the effective date of termination pursuant to Article 3.1(a), the Board determines that the Executive’s termination should have been for Cause, based on facts that were not known and could not have been known to the Board prior to the effective date of the Executive’s termination, the Company may provide Executive with written notice that, absent explanation or refutation of the allegations by the Executive, his/her termination shall be considered a termination for Cause. Such notice must include a description of the facts supporting a Cause termination, and must provide an opportunity for the Executive to be heard by the Board to offer his explanation or refutation of the allegations. If, following the provision of the notice, and an opportunity to be heard by the Board, a majority of the Board, acting in good faith, determines that the facts previously unknown to the Company support a Cause termination, the termination shall for all purposes be considered a termination for Cause. The Company shall have no further liability to the Executive under Article 3.1(a)(i), (ii) and (iv), and any amounts already paid to the Executive pursuant to those provisions shall be forfeited by the Executive and returned to the Company. “Cause” means the Executive’s having engaged in any of the following:
Cause Notice shall have the meaning ascribed to it in Article III, Section 3.03.
Cause Notice shall have the meaning set forth in Section 3.6(e).
Cause Notice has the meaning ascribed thereto in Section 9.1;

Related to Cause Notice

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • Exercise Notice has the meaning set forth in Section 3.2(a);

  • Objection Notice has the meaning set forth in Section 2.3(a) of this Agreement.

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • VWAP Purchase Notice means an irrevocable written notice from the Company to the Buyer directing the Buyer to buy Purchase Shares on the VWAP Purchase Date pursuant to Section 1(c) hereof as specified by the Company therein at the applicable VWAP Purchase Price with the applicable VWAP Purchase Share Percentage specified therein.

  • Option Notice has the meaning set forth in Section 5.2(a).