Opt Out. (a) Notwithstanding Section 3.1, prior to an Exchange, a TRA Holder may elect not to receive any payments under this Agreement with respect to such Exchange, by delivering written notice evidencing such election (an “Opt Out Notice”) to the Corporate Taxpayer at least three Business Days prior to the Exchange Date of the relevant Exchange. An Opt Out Notice, when delivered, shall be irrevocable.
Appears in 9 contracts
Samples: Tax Receivable Agreement, Tax Receivable Agreement, Tax Receivable Agreement
Opt Out. (a) Notwithstanding Section 3.1, prior to an Exchange, a TRA Holder may elect not to receive any payments under this Agreement with respect to such Exchange, by delivering written notice evidencing such election (an “Opt Out Notice”) to the Corporate Taxpayer FINV at least three Business Days prior to the Exchange Date of the relevant Exchange. An Opt Out Notice, when delivered, shall be irrevocable.
Appears in 2 contracts
Samples: Tax Receivable Agreement (Frank's International N.V.), Tax Receivable Agreement (Frank's International N.V.)
