Actual Release Date definition
Actual Release Date or “ARD” means the calendar date a Participant is actually released from a state Department of Corrections (DOC) facility.
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Related to Actual Release Date
Collateral Release Date has the meaning given that term in Section 8.10.(b).
Escrow Release Date has the meaning set forth in the Escrow Agreement.
Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article FOURTH to terminate.
Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.
Mutual Release means the mutual release in the form attached hereto as Exhibit A.