Examples of MAE Notice in a sentence
The Buyer shall respond to the CES MAE Notice within sixty (60) days of its receipt thereof, identifying any objection or supplemental information it may require to verify that a CES MAE has occurred or any of the information or statements in the CES MAE Notice.
The Supplier shall provide the Buyer with such additional information in support of the CES MAE Notice as the Buyer may reasonably request, from time to time.
The Buyer shall, once it has determined whether a CES MAE has occurred (whether in its initial response to the CES MAE Notice, or otherwise), provide a written notice to the Supplier of such determination (the “CES MAE Confirmation”).
The Supplier shall respond to the CES MAE Notice within sixty (60) days of its receipt thereof, identifying any objection or supplemental information it may require to verify that a CES MAE has occurred or any of the information or statements in the CES MAE Notice.
A notice contemplated by clause (i) (other than a MAE Notice) or clause (ii) of the first sentence of this paragraph (b) shall not be deemed to update the Schedules included in the Seller Disclosure Letter or adversely affect Buyer’s rights under this Agreement, including for the purposes of Buyer’s rights under Articles VII, IX and X of this Agreement.
A notice containing Seller's agreement that such development gives rise to a Material Adverse Effect is referred to as a "MAE Notice".
The MAE Notice must include reasonable details of the relevant Specified Event then known to the notifying party and state that it is a notice for the purposes of this clause 3.9(a).
Upon receipt of an MAE Notice, Buyer shall have ten (10) Business Days to terminate this Agreement in accordance with Section 10.1(a)(vi).
Following the Unilateral Party’s receipt of the MAE Notice, the two Parties shall promptly discuss in good faith the applicable safety or competition issue, as the case may be, and the Unilateral Party shall not conduct any Unilateral Activities which are the subject of the MAE Notice without the other Party’s written consent.
If PUB or PIB do not give timely notice of the termination of this Agreement as permitted under this Section 6.13 and the Closing occurs, this Agreement will be deemed to be amended to include the additional disclosures made by TC under this Section 6.13 that were identified in the MAE Notice as if such disclosures had been made as of the date of this Agreement.