Negative Consent. Notwithstanding anything to the contrary in the Company Documents, the Company hereby agrees that, in the event that the GSRP Board or the Company requests the consent or approval of the Investor for any proposed action, the Investor shall be provided 15 calendar days to respond, after which the Company will send two follow up communications over the course of the following 20 days requesting the consent or approval of such proposed action. If the Investor fails to respond within 45 calendar days of the initial communication that it either (i) consents or approves of such action or (ii) does not consent or approve of such action, then the Investor will be deemed to have consented to or approved such proposed action.
Appears in 2 contracts
Sources: Letter Agreement (MN8 Energy, Inc.), Letter Agreement (MN8 Energy, Inc.)