Binding Advice definition
Examples of Binding Advice in a sentence
The Dispute Committee shall render a Binding Advice within twenty (20) Business Days after a dispute has been submitted to it in accordance with these regulations.
The Dispute Committee and/or the Foundation may publish an anonymised version of the Binding Advice on ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.
Notwithstanding the previous sentence, if the Binding Advice relates to an Offer Condition, the Binding Advice shall be rendered no later than noon CET on the Business Day before the Unconditional Date.
The Binding Advice shall be final and binding upon the Parties and each of the Parties shall fully comply with the Binding Advice and the content thereof.
On 5 December 2021 the Claimant submitted a Request for Binding Advice to the Dispute Committee against a Notice of Rejection issued by Computershare on 3 December 2021, in the case with claim number 40191194-2 in the name of .
In order to be handled by the Dispute Committee, a Request for Binding Advice must be submitted to the Dispute Committee in accordance with Article 4.3.5 of the Settlement Agreement within 30 business days of Computershare's letter rejecting, in whole or in part, the Eligible Shareholder's objections to the rejection of its claim.
From the file it is not known on what date the Claimant submitted Claim Forms for the claims which are subject of this Binding Advice procedure, claiming compensation for the following Fortis Shares: 637418-2 360.307 599,761 624,490 624,387 671,291 668,350 671,291 637419-0 257.891 411,512 435,101 435,101 435,101 435,101 435,101 637525-1 295.000 595,000 595,000 595,000 495,000 595,000 1,095,000 637527-8 163.000 413,000 413,000 13,000 13,000 0 413,000 38.
The Dispute Committee therefore considers the Request for Binding Advice as timely submitted.
The Binding Advice shall be rendered within ten (10) Business Days after the dispute having been referred to the Binding Advisor or such shorter period as the Parties may agree.
On 13 March 2021, the Claimant filed a Request for Binding Advice before the Dispute Committee against a Notice of Rejection issued by Computershare on 25 February 2021.