MAC Notice definition
Examples of MAC Notice in a sentence
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.
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 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).
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.
Both Parties shall be obliged to give to the other Party a MAC Notice regarding the occurrence of a MAC Event within ten (10) Business Days of such MAC Event coming to its attention.
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.
Purchaser shall provide a written notice to the Seller promptly after Purchaser obtains actual knowledge of facts constituting a Material Adverse Change describing such facts in reasonable detail (a "MAC Notice").
A summary of the required payments to be made pursuant to this paragraph is set forth in Exhibit "H" attached hereto In the event of a Material Adverse Change ("MAC") on Terminal Operator’s operations at Port Everglades, Terminal Operator shall give County's Port Everglades Chief Executive/Port Director written notice of the occurrence of such an event ("MAC Notice").
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.
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.