Common use of Answering Notice Clause in Contracts

Answering Notice. Within five (5) business days after receipt of such notice by Outback, it shall advise Roy’s in writing (the “Answering Notice”) if Outback either : (a) agrees with such valuation, or (b) disagrees with such valuation, in which case Outback shall propose its own valuation and a detailed explanation of the valuation methodology and supporting information utilized by Outback in arriving at its proposed value.

Appears in 2 contracts

Sources: Joint Venture Agreement, Joint Venture Agreement (Bloomin' Brands, Inc.)

Answering Notice. Within five (5) business days after receipt of such notice by Outback, it shall advise Roy’s 's in writing (the "Answering Notice") if Outback either : (a) agrees with such valuation, or (b) disagrees with such valuation, in which case Outback shall propose its own valuation and a detailed explanation of the valuation methodology and supporting information utilized by Outback in arriving at its proposed value.

Appears in 1 contract

Sources: Joint Venture Agreement (Outback Steakhouse Inc)