Examples of Increased Cost Notice in a sentence
Upon receiving an Increased Cost Notice, the Customer, through its designated representative, shall, within ten (10) days, either (a) make payment for the Additional Cost, or (b) dispute the Additional Cost described in the Increased Cost Notice.
If the Customer chooses option (b), the Company may, at its option and upon notice to the Customer (y) suspend performance under this Agreement until the dispute is resolved and the required payment for the Additional Cost is made, or (z) if the dispute is not resolved within ninety (90) days from the date the Customer receives the Increased Cost Notice, terminate this Agreement.
In the event that the Company determines to terminate such Bank’s Commitment and obligation to make Loans hereunder, the Company shall send written notice to such Bank within 15 days of the Company’s receipt of the Increased Cost Notice specifying a date at least 30 days thereafter on which such Bank’s Commitment and obligation to make Loans hereunder shall be terminated.
If the Customer chooses option (b), the Company may, at its option and upon notice to the Customer suspend performance under this Agreement until the dispute is resolved and the required payment for the Additional Cost is made, or if the dispute is not resolved within ninety (90) days from the date the Customer receives the Increased Cost Notice, terminate this Agreement.
Each Bank and the Swing Line Lender, as the case may be, hereby agrees that any Increased Cost Notice from it to the Borrowers shall be delivered to the Borrowers no later than 90 days following the end of any financial period with respect to which such compensation is sought.
The partnership will seek to allocate CEP funds in an effort to open up the capital markets to high- quality early-stage operators, leveraging our local networks and collective experience to identify models of success.
A Lender intending to make a claim for amounts pursuant to Section 2.11(a) or (b) shall, promptly after becoming aware of the same, provide written notice to the Facility Agent and the Borrower of the event by reason of which it is entitled to do so (the “Increased Cost Notice”); provided, that no Lender shall be entitled to claim any such amounts pursuant to Section 2.11(a) or (b) with respect to the period which is more than 180 days prior to the delivery of the Increased Cost Notice.
At the time POD provides IMMUN with the Increased Cost Notice, POD shall provide IMMUN with a statement which sets forth, in reasonable detail, the increased costs and the computation thereof.
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In the event that the Company determines to terminate such Bank's Commitment and obligation to make Loans hereunder, the Company shall send written notice to the Bank within 15 days of the Company's receipt of the Increased Cost Notice specifying a date at least 30 days thereafter on which the Bank's Commitment and obligation to make Loans hereunder shall be terminated.