Objection Notices. Upon release of any Deposits to ICANN pursuant to Section 9, Registry Operator shall have thirty calendar days to notify Escrow Agent and ICANN in writing (the "Objection Notice") of its objection to the release of the Deposits to ICANN and request that the issue of entitlement to the Deposits be resolved pursuant to the dispute resolution procedures in the Sponsored TLD Registry Agreement. Registry Operator and ICANN agree to resolve any disputes they may have as between or among themselves under this Agreement according to Section 17.2. The parties agree that (i) Registry Operator shall have no rights (other than pursuant to this Section 11.2) to object to any release of the Deposits, and (ii) the delivery of an Objection Notice and the commencement of Dispute Resolution Procedures shall not delay release of any Deposits to ICANN pursuant to Section 9.
Objection Notices. If Escrowee receives an Objection Notice from either Seller or Purchaser within the time period set forth in Section 3 above, then Escrowee shall refuse to comply with the Default Affidavit then in question (“Objectionable Default Affidavit”) until Escrowee receives (a) joint written instructions executed by both Purchaser and Seller, or (b) a final non-appealable order with respect to the disposition of the Xxxxxxx Money from a federal or state court of competent jurisdiction (“Court Order”), in either of which events Escrowee shall then disburse the Xxxxxxx Money in accordance with such direction or Court Order, as the case may be. Notwithstanding the immediately preceding sentence, if the party that delivers the Objection Notice does not (i) commence litigation with respect to the Xxxxxxx Money by filing a complaint or action for a declaratory judgment in an appropriate court of competent jurisdiction (“Litigation”), and (ii) provide notice and a file-stamped copy of such complaint or action for declaratory judgment to Escrowee and the other party to these Instructions within thirty (30) days after delivery of the then-applicable Objection Notice, then Escrowee shall disburse the Xxxxxxx Money in accordance with the Objectionable Default Affidavit. Notwithstanding anything to the contrary in the Agreement or these Instructions, Seller and Purchaser hereby agree that in the event that (A) either or both of them delivers a Default Affidavit pursuant to Section 3; (B) the recipient of a Default Affidavit delivers an Objection Notice in response thereto; (C) the party delivering an Objection Notice commences Litigation; (D) the Litigation is ultimately resolved by the issuance of a Court Order; and (E) the Court Order authorizes the disbursement of the Xxxxxxx Money to the party that delivered the Default Affidavit that gave rise to the Objection Notice and ensuing Litigation (the “Initiating Party”), then the party that delivered such Objection Notice shall be required to pay to the Initiating Party interest on the Xxxxxxx Money, from the date on which the Initiating Party delivered its Default Affidavit through the date on which the Escrowee disburses the Xxxxxxx Money to the Initiating Party, which interest shall be at the per annum rate of five percent (5.0%) in excess of the per annum rate publicly announced, from time to time, by Chase Bank (or its successor) as its “prime” or “base” or “reference” rate of interest.
Objection Notices. Upon release of any Deposits to Registry pursuant to Sections 9.1.2 or 9.1.5 through 9.1.8, Registry Operator shall have thirty calendar days to notify Escrow Agent and Registry in writing (the "Objection Notice") of its objection to the release of the Deposits to Registry and request that the issue of entitlement to the Deposits be resolved pursuant to the dispute resolution procedures in the Registry Operator Agreement. Upon release of any Deposits to ICANN pursuant to Sections 9.1.1, 9.1.4, 9.1.7, or 9.1.8, Registry Operator or Registry shall have thirty calendar days to notify Escrow Agent and ICANN in writing (the "Objection Notice") of its objection to the release of the Deposits to ICANN and request that the issue of entitlement to the Deposits be resolved pursuant to the dispute resolution procedures in the TLD Registry Agreement. Registry Operator, Registry, and ICANN agree to resolve any disputes they may have as between or among themselves under this Agreement according to Section 17.2. The parties agree that (i) Registry Operator and Registry shall have no rights (other than pursuant to this Section 11.2) to object to any release of the Deposits, and (ii) the delivery of an Objection Notice and the commencement of Dispute Resolution Procedures shall not delay release of any Deposits to Registry and/or ICANN pursuant to Section 9.
Objection Notices. If Escrowee receives an Objection Notice from either Seller or Buyer within the time period set forth in Section 3 above, then Escrowee shall refuse to comply with the Default Affidavit then in question (“Objectionable Default Affidavit”) until Escrowee receives (a) joint written instructions executed by both Buyer and Seller, or (b) a final non-appealable order with respect to the disposition of the Xxxxxxx Money from a federal or state court of competent jurisdiction (“Court Order”), in either of which events Escrowee shall then disburse the Xxxxxxx Money and all interest earned thereon, in accordance with such direction or Court Order, as the case may be. Notwithstanding the immediately preceding sentence, if the party that delivers the Objection Notice does not (i) commence litigation with respect to the Xxxxxxx Money by filing a complaint or action for a declaratory judgment in an appropriate court of competent jurisdiction (“Litigation”), and (ii) provide notice and a file-stamped copy of such complaint or action for declaratory judgment to Escrowee and the other party to these Instructions within thirty (30) days after delivery of the then-applicable Objection Notice, then Escrowee shall disburse the Xxxxxxx Money in accordance with the Objectionable Default Affidavit.
Objection Notices. Upon release of any Deposits to ICANN or Sponsor pursuant to Section 9 or Section 10, respectively, ICANN or Sponsor, as the case may be (hereinafter referred to as the “Objecting Party”), shall have 30 (thirty) calendar days to notify Escrow Agent and the Party to whom the Deposit was released in writing (hereinafter referred to as the "Objection Notice") of its objection to the release of the Deposits and request that the issue of entitlement to the Deposits be resolved pursuant to the dispute resolution procedures referred to in Section 17.2 of this Agreement (hereinafter referred to as the “Dispute Resolution Procedures”). The Parties further agree that: (i) ICANN and Sponsor shall have no rights (other than pursuant to this Section 11.2) to object to any release of the Deposits; and (ii) the delivery of an Objection Notice and the commencement of Dispute Resolution Procedures shall not delay release of any Deposits pursuant to Section 9 or Section 10, as applicable.
Objection Notices. Upon release of any Deposits to ICANN pursuant to Section 9, Registry Operator shall have thirty calendar days to notify Escrow Agent and ICANN in writing (the "Objection Notice") of its objection to the release of the Deposits to ICANN and request that the issue of entitlement to the Deposits be resolved pursuant to the dispute resolution procedures in the Sponsored TLD Registry Operator Agreement. Registry Operator and ICANN agree to resolve any disputes they may have as between or among themselves under this Agreement according to Section 17.2. The parties agree that
Objection Notices. Within thirty (30) calendar days after receipt of a Claim Notice, the Representative may deliver a written notice of objection (an “Objection Notice”) to Parent and Escrow Agent setting forth all or the portion of the applicable Claimed Amount to which the Representative objects (a “Disputed Amount”) together with a reasonable level of detail of the basis of such objection, and any portion of the applicable Claimed Amount not so objected to (an “Undisputed Amount”). If the Representative does not deliver an Objection Notice within such thirty (30) calendar day period, then all of the applicable Claimed Amount shall be deemed an “Undisputed Amount.”
Objection Notices. Sellers may reply to any Claim Notice by written notice given to the Escrow Agent with a copy to Buyer, which notice shall state whether Sellers dispute the validity of the Claim Notice or the Claim Amount (a “Objection Notice”). If, by the close of business on the 30th calendar day after the date of receipt (pursuant to Section 6.2 hereof) by the Escrow Agent of the Claim Notice (the “Dispute Period”), the Escrow Agent shall not have received (in accordance with Section 6.2 hereof) an Objection Notice, then Escrow Agent shall be entitled to presume that Sellers have agreed with the Claim Notice. The Escrow Agent shall not have any obligation to verify Sellers’ receipt of a Claim Notice. Thereafter, the Escrow Agent shall promptly, and in any event within three (3) Business Days thereafter, pay to Buyer or other person designated in the Claim Notice (the “Designated Party”) from the Indemnification Escrow Fund the Claim Amount and the Indemnification Escrow Fund shall be reduced to the extent thereof. If the Objection Notice provides that a specified portion of the Claim Amount is a valid Claim, the Escrow Agent shall promptly thereafter disburse to the Designated Party the amount so provided as valid. The Escrow Agent shall not inquire into whether an Objection Notice meets the requirements of ACTIVE 688204810v10 this Escrow Agreement and shall be permitted to treat any notice claiming to constitute an Objection Notice as an Objection Notice within the meaning of this Escrow Agreement.
Objection Notices. If Escrowee receives an Objection Notice from either Seller or Purchaser within the time period set forth in Paragraph 3 above, then Escrowee shall refuse to comply with the Default Affidavit then in question ("Objectionable Default Affidavit") until Escrowee receives (a) joint written instructions executed by both Purchaser and Seller, or (b) a final non-appealable order with respect to the disposition of the Earnest Money frox x xxxeral or state court of competent jurisdiction ("Court Order"), in either of which events Escrowee shall then disburse the Earnest Money and all intexxxx xxrned thereon, in accordance with such direction or order, as the case may be.
