Common use of Release Notice Clause in Contracts

Release Notice. Within three (3) business days after receipt of the Release Notice, the Escrow Agent shall deliver to BSE a copy of the Release Notice and shall confirm such delivery in writing to Alstom. If the Escrow Agent, within ten (10) business days after delivering the Release Notice to BSE, does not receive (i) a written statement from Alstom withdrawing such Release Notice, or (ii) a counter-notice from BSE (the “Counter-Notice”), then the Escrow Agent shall promptly deliver the Escrow Materials to Alstom.

Appears in 2 contracts

Sources: Preferred Partnership Agreement (BrightSource Energy Inc), Preferred Partnership Agreement (BrightSource Energy Inc)

Release Notice. Within three (3) business days after receipt of the Release Notice, the Escrow Agent shall deliver to BSE a copy of the Release Notice and shall confirm such delivery in writing to Alstom. If the Escrow Agent, within ten (10) business days after delivering the Release Notice to BSE, does not receive (i) a written statement from Alstom withdrawing such Release Notice, or (ii) a counter-notice from BSE (the “Counter-Notice”), then the Escrow Agent shall promptly deliver the Escrow Materials to Alstom.. Confidential Document December 27, 2010

Appears in 1 contract

Sources: Preferred Partnership Agreement