Notification Right Clause Samples
A Notification Right clause establishes a party's obligation or entitlement to receive formal notice regarding specific events or actions under an agreement. Typically, this clause outlines the circumstances that trigger the notification requirement, the method and timing for delivering such notice, and the parties responsible for sending and receiving it. For example, it may require one party to inform the other of a breach, a change in control, or the occurrence of a force majeure event. The core function of this clause is to ensure timely communication between parties, thereby enabling them to respond appropriately to significant developments and reducing the risk of misunderstandings or disputes.
Notification Right. In the event that either party hereto develops or becomes aware of any investment opportunity during the term of this Agreement (other than a REIT Opportunity), and such party is not interested in pursuing such opportunity, or the opportunity is otherwise unavailable to such party, such party shall immediately notify the other party of such opportunity and provide to the other party a copy of all written information, and a description of all material terms not set forth in writing, available to such party concerning such opportunity.
Notification Right. In the event that Crescent Operating develops or becomes aware of any investment opportunity during the term of this Agreement (other than a REIT Opportunity), and Crescent Operating is not interested in pursuing such opportunity, or the opportunity is otherwise unavailable to Crescent Operating, Crescent Operating shall immediately notify the Operating Partnership of such opportunity and provide to the Operating Partnership a copy of all written information, and a description of all material terms not set forth in writing, available to Crescent Operating concerning such opportunity.
Notification Right. Certain Offenses--------------------------------------- 15
Notification Right. In the event that either of the Tenants develops or becomes aware of any investment opportunity during the term of this Agreement (other than a REIT Opportunity), and such Tenant is not interested in pursuing such opportunity, or the opportunity is otherwise unavailable to the Tenant, such Tenant shall immediately notify the Operating Partnership of such opportunity and provide to the Operating Partnership a copy of all written information, and a description of all material terms not set forth in writing, available to the Tenant concerning such opportunity.
Notification Right. Prior to placement of a student with a history of behavioral concerns in the employee’s classroom, the employee will be notified within the legal guidelines and Board Policies of the West Valley School District (Policy #3143), the history of behavioral concerns along with remedies/support necessary for working with the student. Whenever the principal has been officially notified that a student has been convicted in adult criminal court or adjudicated or entered into a diversion agreement with the juvenile court on any of the following offenses as defined by law, the employee shall be given notice in a timely fashion:
1. A Violent Offender/Sexual Offender (as defined by State law)
2. Notification to School Principal (as defined by State law)
3. Notification of Discharge – Parole/Leave Release (as defined in State law)
Notification Right. 16.1 The Company will not make any public announcement with respect to, or seek approval by the Terran Board of, any sale transaction or Fundamental Change (as defined in the Purchase Agreement) with respect to the Company, or any other extraordinary transaction involving the Company, with any other person regarding any of the foregoing, without giving prior notice to Lockheed M▇▇▇▇▇, subject to the fiduciary duties of the Terran Board and management of the Company. Without limiting the foregoing, the Company will include Lockheed M▇▇▇▇▇ in any such sale process, subject to the fiduciary duties of the Terran Board and management of the Company.
Notification Right. For so long as each Purchaser and/or any of its Affiliates meet the Minimum Ownership Threshold Test, the Company agrees that (a) if the Company receives a bona fide offer from a third party that, if consummated, would result in a Notification Fundamental Change or (b) if the Company determines to solicit third-party purchasers for a Notification Fundamental Change, then the Company shall provide prompt written notice regarding such Notification Fundamental Change to each Purchaser who along with any of its Affiliates meet the Minimum Ownership Threshold Test. For the avoidance of doubt, this Section 4.07 shall automatically terminate and be of no further force or effect with respect to such Purchaser from and after such date that such Purchaser and/or any of its Affiliates fail to meet the Minimum Ownership Threshold Test.