Examples of Initiating Notice in a sentence
The Initiating Notice must state the nature of the dispute, the amount involved, if any, and the remedy sought.
If the parties fail to agree on such Reset Rent within 30 days after the date the Initiating Notice is given, then, within 60 days after the date the Initiating Notice is given, each party shall deliver to the other party a notice designating such party’s Qualified Appraiser and stating its determination of the Land Value together with an appraisal supporting such determination (collectively, the “Valuation Documents”).
Upon the furnishing of an Initiating Notice pursuant to Section 10.6(b), the arbitration process shall be terminated, and no decision shall be rendered.
A holder of Preferred Stock who does not give an Initiating Notice, or a timely Election Notice in response to the Corporation Notice, may not thereafter seek redemption of such holder’s shares.
Notwithstanding the foregoing, until the termination date specified in each annual Redemption Notice for the conversion rights of such holder pursuant to Section 4 hereof, such holder shall be entitled to convert unredeemed shares of Preferred Stock into shares of Common Stock even though such holder has given an Initiating Notice or Election Notice.