North America Business Milestones Clause Samples

North America Business Milestones. SALIC shall, and shall cause SRGL to, with respect to the sale of the North America Business, (i) obtain binding offers to purchase the North America Business by 5 p.m. (prevailing Eastern Time) on July 31, 2008, (ii) select a bidder with which to proceed on an exclusive basis not later than 5 p.m. (prevailing Eastern Time) on August 8, 2008, (iii) execute all definitive documentation with such bidder promptly but not later than 5 p.m. (prevailing Eastern Time) on September 15, 2008, and furnish substantially final drafts of such definitive documentation to HSBC at least one (1) Business Day prior to the execution, (iv) obtain Shareholder Approval, if necessary, promptly but not later than 5 p.m. (prevailing Eastern Time) on November 30, 2008, (v) obtain all required regulatory approvals and other required consents, including, but not limited to, consents from cedents and reinsurers, as applicable, promptly but not later than 5 p.m. (prevailing Eastern Time) on November 30, 2008 and (vi) consummate such sale(s) not later than 5 p.m. (prevailing Eastern Time) on December 15, 2008.