Examples of MAC Notice in a sentence
Billimoria, Non-Executive Independent Director and (5) Shri Santosh L.Chowgule, Executive Promoter Director are the members of the Stakeholders Relationship Committee.
At any time following its receipt of the Market MAC Notice, the Company may request (by delivery of a written notice to Parent to such effect (a "COMPANY WAIVER REQUEST")) that Parent fully and irrevocably waive its right to invoke the condition set forth in Section 7.02(d) with respect to such Market MAC.
Upon such a MAC Notice being served, Closing shall in any event be postponed until the steps and processes described in the remaining provisions of this clause 9 (being the remedial steps and the dispute resolution process) have been taken or followed.
Upon receipt of MAC Notice from any other Party, the Parties shall consult in good faith about changes in the methods or schedules of the Transaction or other solutions (including amendment of the Definitive Agreements).
The taking of any such remedial steps shall therefore be without prejudice to (a) the ability of the Seller to serve a Disputed MAC Notice and (b) any argument of the Seller that the relevant facts and circumstances do not constitute a 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.
For the avoidance of doubt, if either the MAC Notice or the Withdrawal Notice, as the case maybe, is not delivered timely in accordance with the provisions herein, the right to notify and/or to withdraw and terminate shall be considered irrevocably waived with respect to the events constituting the Material Adverse Change, and the condition precedent shall be considered fulfilled.
The Vendor shall be required to notify the Purchaser within 5 (five) Business Days following the date of the MAC Notice of its decision to effect a MAC Cure (a “MAC Cure Notice”), and to effect the MAC Cure within twenty (20) Business Days from the date of the MAC Cure Notice but in any event by not later than the Closing Date (subject to agreed extensions).
Seller shall provide in the MAC Notice a good faith estimate of the date of the Final Notice Date.
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).