Examples of MAC Notice in a sentence
We shall also serve a copy of the MAC Notice on the other Majority Shareholders and Esprit.
Not more than one MAC Notice may be served in respect of any individual event, and in the event that more than one Majority Shareholder serves a MAC Notice in respect of the same event, only the first to be received by GTS will be valid.
In no event shall a Majority Shareholder have the right to serve a MAC Notice more than 10 US Business Days after it becomes aware of an event which could or might reasonably be expected to give rise to the GTS MAC to which such MAC Notice relates or after the Acceptance Date.
Such Collateral shall be posted on the Commencement Date or within three (3) Business Days following date on which a MAC Notice is provided, as applicable.
GTS MAC (A) If at any time before the Acceptance Date we become aware of an event which could or might reasonably be expected to give rise to a GTS MAC we shall immediately serve notice on GTS providing full details of the event, misleading statement, misrepresentation or omission alleged to be expected to give rise to the GTS MAC ("the MAC Notice").
As soon as practicable after the service of the MAC Notice, and in any event within two US Business Days, each of ourselves and GTS will appoint an investment banking firm of international repute to act as an appraiser ("the Appraiser").
If at any time before the 17th US Business Day after the posting of the Offer Document we become aware of an event which could or might reasonably be expected to give rise to a GTS MAC we shall immediately serve notice on GTS providing full details of the event alleged to be expected to give rise to the GTS MAC and of its effect on the value of GTS ("the MAC Notice").
Whether the [claimants] were entitled to terminate the Agreements on 30 May 2016 given [the respondent’s] conduct in relation to the CLA and/or issuance of the MAC Notice in April 2016.
Seller shall timely deliver to Buyer written notification (a "MAC Notice") of any material adverse change in the business, assets, financial condition, or operations of MIH Limited (and in any event it shall use its best efforts to deliver the MAC Notice within four (4) business days of the occurrence of the material adverse change).
In case of an alleged MAC Casualty Event, following the serving of a MAC Notice, the Vendor shall provide the Purchaser with a written report issued by a properly qualified expert assessing the amount of damage resulting therefrom as soon as is practicable.