Examples of Decline Notice in a sentence
In the Decline Notice, the Managing Owner shall declare a “Special Redemption Period” during which time Limited Owners may elect to redeem their Units in the applicable Fund, upon proper written notice to the Managing Owner as described in the Decline Notice.
The amount of the drawdown shall be based on quarterly estimates and shall be requested in equal amounts each pay period during the quarter to coincide with the State's bi-weekly payroll cycle.
Promptly after receipt of a Swing Line Borrowing Notice, provided that the Agent has not received a Decline Notice from the Swing Line Lender in respect thereof, the Agent shall notify each Lender by fax, or other similar form of transmission, of the requested Swing Line Loan.
For the sake of clarity, if the Purchaser has timely delivered a Decline Notice to the Company pursuant to Section 9(t) hereof, the Purchaser shall not be obligated to purchase the Forward Purchase Securities at the Forward Closing.
The existing Commitment of any Bank shall not be increased in connection with an Increase Request if such Bank (x) by notice ("Decline Notice") declines to increase its Commitment during the Consent Period or (y) fails to respond to the Borrower and the Agent within the Consent Period (each such Bank giving a Decline Notice or failing to respond on or before the expiration of the Consent Period being called a "Declining Bank" and each other Bank being called an "Increasing Bank").
Any Offer Employees that are listed on the Decline Notice shall not be offered employment by Buyer.
By delivering a Notice of Borrowing to the Agent hereunder for any Loan, the Borrowers shall be deemed to have represented and warranted the accuracy and completeness of the statements set forth in subsections (i) through (iv) above as of the date of such Loan.
If the Purchaser shall fail to deliver an Exercise Notice within the five (5) day period specified above, the Purchaser shall be deemed to have delivered a Decline Notice in respect of the Funding Request.
The closing of the transaction of purchase and sale contemplated by Section 4.2 hereof shall be deemed to have occurred immediately prior to the effective time of the Specified Reorganization, and each Shareholder who has not delivered a Decline Notice shall be deemed to have transferred to Putco all of the Shareholder's right, title and interest in and to such Class A Preferred Shares and Class B Preferred Shares and shall cease to be a holder of such Class A Preferred Shares and Class B Preferred Shares.
In the event that the Company does not give notice of its intent to purchase all of the Offered Shares in accordance with the preceding sentence and the maximum number of shares the ROFR Offerees are willing to purchase is, in the aggregate, less than the total number of Offered Shares, the Sellers shall be entitled to deliver a Decline Notice pursuant to Section 2.2(d) and sell such Offered Shares in accordance with such subsection.