Deferred Notice definition

Deferred Notice has the meaning set forth in Section 2.2(b).
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Examples of Deferred Notice in a sentence

  • Within ninety (90) days after the -------------------------------- Closing Date, ACI shall inform the Seller in writing (the "Deferred Notice") whether the Deferred Contracts shall be assumed by Seller and assigned to ACI pursuant to Section 365 of the Bankruptcy Code.

  • If, within ninety (90) days after the Closing Date, ACI has not delivered to Seller the Deferred Notice or ACI has earlier instructed the Seller that ACI does not intend to acquire and assume the Deferred Contracts (a "Rejection Notice"), then such Deferred Contracts shall be deemed to be included in the Excluded Contracts.

  • If ACI elects to have the Deferred Contracts assumed by the Seller and assigned to ACI, immediately upon delivery to the Seller of the Deferred Notice, the parties shall use their commercially reasonable best efforts to obtain an order from the Bankruptcy Court approving the assumption and assignment of the Deferred Contracts (the "Deferred Contracts Order").