Deadlock Notice definition

Deadlock Notice will have the meaning set forth in Section 7.6.2.

Deadlock Notice has the meaning given in clause 13.1.

Deadlock Notice has the meaning given in Clause 14.2 (Deadlock Notice);

Examples of Deadlock Notice in a sentence

• If a Deadlock Event occurs and cannot be resolved by the Shareholders within 20 Business Days after the date on which a Deadlock Event occurs, any Shareholder may give written notice to the other Shareholders stating that the remaining provisions of this clause will apply in relation to that Deadlock Event (a Deadlock Notice).

• Within 10 Business Days after the date of service of a Deadlock Notice, each of the Shareholders must prepare and send to the other Shareholder a memorandum stating its understanding of the Deadlock Event, its position in relation to the Deadlock Event, its reasons for taking that position and any proposals for resolving the Deadlock Event.

• To be valid, a Deadlock Notice must be given within 10 Business Days after the end of the 20 Business Day period referred to above.

• If on the expiry of the 10 Business Day period referred to above, neither Shareholder has given a Deadlock Notice in relation to a Deadlock Event, that Deadlock Event will be deemed to have lapsed.

More Definitions of Deadlock Notice

Deadlock Notice has the meaning set forth in Section 13.1.

Deadlock Notice has the meaning set forth in Section 4.07(b).

Deadlock Notice has the meaning set forth in Section 3.2.

Deadlock Notice has the meaning given such term in Section 8.04(d)(i).

Deadlock Notice shall have the meaning set forth in Clause 5.7.1.

Deadlock Notice has the meaning set forth in Clause 19.2.

Deadlock Notice has the meaning set forth in Section 7.01(a)(3).