Examples of Proposed Adjustment Notice in a sentence
If HUD determines that an adjustment is required, within five (5) Business Days of receipt of the Proposed Adjustment Notice HUD will either remit any net overpayment to Purchaser or Purchaser will remit any net underpayment to HUD, as applicable, in either case without interest.
The Proposed Adjustment Notice must identify the affected Mortgage Loans and include a reasonably detailed description of any purported error on the Settlement Statement.
It also includes taxpayer specific external statements of the Commissioner’s view, such as in a Statement of Position, Notice of Proposed Adjustment, Notice of Response, Private or Product Ruling, Determination, Adjudication Report, or an item of technical correspondence sent to a taxpayer or adviser.
Within one Reference Business Day of receipt of the Proposed Adjustment Notice, the Sole Noteholder shall notify the Issuer, the Trustee, the Calculation Agent, the Disposal Agent, the Custodian and the Swap Counterparty by way of email to the email addresses set out in paragraph 8(b) above (or as otherwise notified to the Sole Noteholder), or by telephone whether it agrees to the Proposed Adjustment.
On May 1, 2008, the IRS issued a Notice of Proposed Adjustment ("Notice") to us disallowing the deduction of approximately $5.1 million of compensation expense with respect to the exercise of stock options by three current executive officers and one former executive officer.
If the Proposed Adjustment Notice is not delivered to Seller prior to the expiration of the Review Period, the Closing Statement of Working Capital shall become final, binding and conclusive on all parties.
If a Proposed Adjustment Notice is delivered within the Review Period, Purchaser and Seller shall negotiate in good faith to resolve such dispute for a 30-day period commencing on the date such notice is received by Seller.