Examples of Satisfaction Notice in a sentence
To the extent an affected counterparty to an Executory Contract or Unexpired Lease contests that its Cure Claims (including Claims asserted in applicable Proofs of Claim or other applications for payment of Administrative Claims) have been fully satisfied as provided in the Cure Satisfaction Notice, within twenty-one (21) days of the filing of the Cure Satisfaction Notice, such counterparties must file a motion with the Bankruptcy Court requesting a determination of any outstanding Cure Claims.
Upon satisfaction of any applicable Allowed Cure Claims, the Reorganized Debtors shall file a notice with the Bankruptcy Court identifying Proofs of Claim or other applications for payment of Administrative Claims that have been satisfied by payment of such Allowed Cure Claims (a “Cure Satisfaction Notice”) and shall serve the Cure Satisfaction Notice on each affected counterparty to an Executory Contract or Unexpired Lease.
It is hereby agreed that from the date of issuance of the Satisfaction Notice by MAIF 2 in accordance with Paragraph 8, the RSL Land Failure Event shall be deemed to have not occurred and the obligations of the Pledgor under Clause 3.9 (a) of the Framework Agreement shall be deemed to have been completed within the agreed timelines.
The Subscription Agent shall determine the number of Unsubscribed Shares, if any, in good faith, and provide each of the Backstop Parties with a Purchase Notice or a Satisfaction Notice that accurately reflects the number of Unsubscribed Shares as so determined.
Dalmia, in turn, contended that Clause 3.2.2 required the payment of ₹ 30 Crores to be made by Dalmia to the Bawris within ten days from the date of issue of Project CP Satisfaction Notice, as defined in the SHA.