Examples of Initial Objection Notice in a sentence
The encumbrances disclosed by the Title Commitment and not objected to by Buyer are referred to as the “Permitted Exceptions.” In addition, if Buyer subsequently waives (or is deemed to have waived) an Objection, that encumbrance will be included in the Permitted Exceptions.Seller will have five (5) business days after receipt of Buyer's Initial Objection Notice or any Subsequent Objection Notice to advise Buyer in writing of the Objections Seller agrees to cure.
All costs and expenses incurred by Seller in response to any Initial Objection Notice or Updated Objection Notice, including any action taken to cure any Objection, if any, shall be borne by Seller.Section 5.24.
If the Securityholders’ Agent does not deliver an Initial Objection Notice to Parent during the Initial Response Period, then Parent’s calculation of the amounts set forth in the applicable Earnout Statement shall be deemed conclusive and binding on Parent, the Effective Time Holders and the Securityholders’ Agent.
Each of Parent and the Securityholders’ Agent (on behalf of the Effective Time Holders) shall bear the fees, costs and disbursements of its own Representatives incurred in connection with its preparation or review of the Earnout Statement and preparation or review of any Initial Objection Notice or Final Objection Notice, as applicable.
The IDIC Model has been developed by Peppers and Rogers, the consultancy firm, and has completed in a number of their books.
If the Sellers’ Agent has requested additional information in an Initial Objection Notice delivered during the Initial Response Period and does not deliver a Final Objection Notice to Purchaser during the Final Response Period, then Purchaser’s calculation of the amounts set forth in the One Year Bookings Statement shall be binding and conclusive on Purchaser, the Sellers and the Sellers’ Agent.
If the Sellers’ Agent does not deliver an Initial Objection Notice to Purchaser during the Initial Response Period, then Purchaser’s calculation of the amounts set forth in the One Year Bookings Statement shall be binding and conclusive on Purchaser, the Sellers and the Sellers’ Agent.