DROP DATE Clause Samples

DROP DATE. Notwithstanding the present effectiveness of this Agreement or any other provision in this Agreement to the contrary, this Agreement shall automatically terminate on December 31, 2015 (the “Drop Date”), without further action of either Party if the Conditions Precedent set forth in Section 1(c) of the Lease, have not been satisfied by the Company or waived by the City on or before the Drop Date in the manner provided in the Lease. Following such termination, the parties hereto shall have no further rights or obligations to one another except for the provisions of this Agreement that by their respective terms survive termination or expiration of the Lease or this Agreement. The Company acknowledges and agrees that it shall not request, and the City is under no obligation to consider, any extension of the Drop Date. This Agreement shall continue in full force and effect beyond the Drop Date if, and only if, each condition precedent set forth in Section 1(c)(1)-(4) of the Lease (each a "Condition Precedent" and collectively, the "Conditions Precedent") has been satisfied by the Company, or waived by the City in its sole discretion, on or before the Drop Date. If each of the Conditions Precedent have not been satisfied by the Company or waived by the City on or before the Drop Date, this Agreement and the Amended and Restated Transaction Documents shall automatically terminate and all rights and obligations of the parties hereunder and thereunder shall be deemed to have expired and terminated without further action by either party, and no provision of this Agreement and the Amended and Restated Transaction Documents shall be of any further force or effect, except for any provisions that by their explicit terms survive termination or expiration of this Agreement and/or the Amended and Restated Transaction Documents. Upon such termination, if any, the Company will execute and deliver to the City an acknowledgment that, for all purposes, this Agreement has terminated, and agrees to execute any other documents reasonably requested by the City to confirm such termination. Such acknowledgment shall be an exclusive obligation of the Company, but is not a condition precedent to the automatic termination of this Agreement. Upon fulfillment, if any, of all of the Conditions Precedent, the City will promptly execute and deliver to the Company, with a copy to the Company Mortgagee, an acknowledgment that, for all purposes, this Agreement shall remain effective subject to ...
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DROP DATE. Notwithstanding the present effectiveness of this Lease or any other provision in this Lease to the contrary, the Lease shall automatically terminate on December 31, 2015 (the "Drop Date") without further action from either Party if the Conditions Precedent (defined below) set forth in Section 1(c) below have not been satisfied by the Company or waived by the City on or before the Drop Date in the manner provided below. Following such termination, the parties hereto shall have no further rights or obligations to one another except for the provisions of this Lease that by their respective terms survive termination or expiration of the Lease. The Company acknowledges and agrees that it shall not request, and the City is under no obligation to consider, any extension of the Drop Date.
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Related to DROP DATE

  • Completion Date The Work under this Contract shall be completed by midnight of the date required in the Contract as the Material Completion and Occupancy Date unless extended by approved requests for extension of time.

  • Outside Date Except as otherwise agreed by the parties hereto, all of the fore going conditions shall have been satisfied or waived on or before 5:00 p.m. E.D.T. on June 30, 1997 (the "Outside Date").

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.

  • Contribution Deadline The deadline for making a ▇▇▇▇ ▇▇▇ contribution is your tax return due date (not including extensions). You may designate a contribution as a contribution for the preceding taxable year in a manner acceptable to us. For example, if you are a calendar-year taxpayer and you make your ▇▇▇▇ ▇▇▇ contribution on or before your tax filing deadline, your contribution is considered to have been made for the previous tax year if you designate it as such. If you are a member of the Armed Forces serving in a combat zone, hazardous duty area, or contingency operation, you may have an extended contribution deadline of 180 days after the last day served in the area. In addition, your contribution deadline for a particular tax year is also extended by the number of days that remained to file that year’s tax return as of the date you entered the combat zone. This additional extension to make your ▇▇▇▇ ▇▇▇ contribution cannot exceed the number of days between January 1 and your tax filing deadline, not including extensions.

  • The First Closing Date Delivery of certificates for the Firm Shares to be purchased by the Underwriters and payment therefor shall be made at the offices of ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ LLP (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on [•], or such other time and date not later than 1:30 p.m. New York City time, on [•] as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representatives may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representatives to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.