Notification date

Notification date

The day the option is either exercised or expires.

Notification Date

1. The date by which one party to a contract must inform the other of the former's intent to either renew or withdraw from the contract. This especially applies to housing leases, marketing contracts, and long-term business arrangements. Some contracts renew automatically if neither party cancels by the notification date, while others require notification either way. For example, a rental agreement ending on August 1 may contain a requirement that the renter inform the landlord by May 1 whether or not he/she intends to renew the lease.

2. In options, see expiration date.
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References in periodicals archive ?
The contract is concluded after its notification date until 31.
With the acceptance of the plan, the Company has 18 months from the original notification date in which to regain compliance with the market capitalization or stockholder's equity listing standard.
The power distributing companies (Discos) would give relief to the consumers in monthly bills of next five months with effect from the notification date.
This outcome was possible because of the extensive pre-planning that occurred including the decision to extend the notification date.
The SEC strongly encourages sending the letter by fax and will accept the fax date as the notification date.
Afri-Can shall have the obligation to complete the payment within 30 days after IMD's election notification date but not earlier than 30 days after completion of the prospecting work.
The Eighth Amendment to the Amended and Restated Credit Agreement extends until May 15, 2009 the notification date at which time the company was required to advise participating lenders of its plan to refinance or defease the Senior Notes in the amount of approximately $190 million, maturing on June 1, 2009.
The notification date under the new standards was August 1, 2005, at which time the NYSE determined that the Company was not in compliance with the new standards.
The notes are callable by the Company after two years if the closing price of the Company's stock for at least 20 trading days within a period of 30 consecutive trading days immediately prior to the notification date of such redemption exceeds $27.
The deadline for payment of the advance shall run from the notification of the act entailing beginning execution of the order if such an act is planned or, failing that, from the purchase order notification date .
The contract will be valid for one year from the notification date until 31.

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