Sanction. This Agreement and the Transaction shall have been duly sanctioned by the Grand Court (as defined in Sections 4.03(iii) and 6.01(iii) above) in accordance with applicable Law pursuant to the Sanction, the applicable time period to appeal the Sanction shall have expired without any appeal having been filed, lodged or served within such time period, no application for an extension of time to appeal or for leave to appeal out of time shall have been filed, lodged or served during such period, and the Sanction shall have become final, binding and non-appealable.
Appears in 2 contracts
Sources: Asset and Securities Purchase Agreement (Remark Media, Inc.), Asset and Securities Purchase Agreement
Sanction. This Agreement and the Transaction shall have been duly sanctioned by the Grand Court (as defined in Sections 4.03(iii) and 6.01(iii) above) in accordance with applicable Law pursuant to the Sanction, the applicable time period to appeal the Sanction shall have expired without any appeal having been filed, lodged or served within such time period, no application for an extension of time to appeal or for leave to appeal out of time shall have been filed, lodged or served during such period, and the Sanction shall have become final, binding and non-appealable.
Appears in 1 contract
Sources: Asset and Securities Purchase Agreement (Remark Media, Inc.)