Blocking Period definition

Blocking Period means the period during which any Shares are Blocked Shares which will:

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Blocking Period. The period of time beginning with the date of receipt by the Holders of a Blocking Notice and ending on the earliest to occur of (x) 30 days from the date of receipt by the Holders of a Blocking Notice, (y) the date upon which the transactions or negotiations that are the subject of the Blocking Notice have been publicly disclosed or terminated and (z) the receipt by the Holders of a Blocking Termination Notice.

Blocking Period is defined in Section 7.4 hereof.

Examples of Blocking Period in a sentence

Further assignment to a next new Named User, however, is always possible instantaneously, again, provided that any assigning Named User after his assignment of the Licensed Software will be subject to the Blocking Period.
In such case, the assigning Named User thereafter will be blocked from Using the Licensed Software during one hundred eighty-six (168) hours (“Blocking Period”), i.e. reassignment of the Licensed Software to such Named User is only possible after expiry of the Blocking Period.
The Depositary shall, upon receipt of such Stop Transfer Instructions, refuse to transfer, or cancel, upon receipt of cancellation and withdrawal instructions, the ADSs indicated in such Stop Transfer Instructions, during the Blocking Period.
The Depositary shall, upon receipt of such Stop Transfer Instructions, refuse to transfer the ADR(s) (and cancel ADR(s) upon receipt of cancellation and withdrawal instructions) indicated in such Stop Transfer Instructions, during the Blocking Period.
It is understood and agreed that, notwithstanding any provision to the contrary, so long as any Registrable Security is then covered by an effective Shelf Registration Statement (regardless of whether a Blocking Period is in effect), no Additional Interest shall accrue on such Registrable Security.
If any Blocking Period occurs after the effective date of a Registration Statement, then the period during which the Company is obligated to use commercially reasonable efforts to keep such Registration Statement effective and from time to time to amend such Registration Statement shall be extended by a number of days equal to the length in days of the Blocking Period.
The Company shall promptly notify Delta if the IPO is not consummated, and in any event, no Blocking Period shall be longer than forty-five (45) days.
If a Triggering Event is otherwise cured or waived by the relevant Secured LC Provider or Secured Hedge Provider prior to the end of such Blocking Period, such funds being held in such deposit account may be disbursed to GMX.
Except as permitted under Section 2(a), all funds received in any deposit account of GMX subject to an account control agreement during such Blocking Period for the benefit of the Trustee shall be maintained in such deposit account and held for the benefit of the Secured Parties in accordance with Section 5 until such time as such Blocking Period shall have expired.
To the extent an Initial Exercise Period coincides with a Blocking Period, the Initial Exercise Period shall be shortened.

More Definitions of Blocking Period

Blocking Period means the period where the Notes held through the Clearing Systems will be blocked, and will remain blocked (unless validly revoked in accordance with the terms hereof), in the relevant Clearing System to the order of the Tabulation Agent with effect from and including the date on which the relevant Electronic Voting Instruction is received (whenever Noteholders performed such action by submitting or delivering or arranging to have submitted or delivered on their behalf valid Electronic Voting Instructions in respect of the Extraordinary Resolution) by the relevant Clearing System until the earlier of:

Blocking Period has the meaning set forth in Section 12 (Blocking Periods).

Blocking Period has the meaning specified in Section 4(b).

Blocking Period means any period during which either (i) a First Lien Specified Default has occurred and is continuing that has not been cured or waived in accordance with the applicable terms of the First Lien Documents or (ii) (A) a First Lien Financial Covenant Default has occurred and is continuing that has not been cured or waived in accordance with the applicable terms of the First Lien Documents and (B) as to such period, the First Lien Lenders shall have agreed to (x) defer or forgo the payment of interest or (y) receive any interest payment in kind (or in any other form other than cash), in each case of this clause (B), with respect to all (but not any less than all) of the interest that would otherwise be due and payable under the First Lien Loan Agreement with respect to any principal under the First Lien Obligations; provided that, no Blocking Period shall commence until the Second Lien Agent shall have received written notice from the First Lien Agent of the commencement of such Blocking Period.

Blocking Period has the meaning specified in Section 4(b). Business Day means any day other than a Saturday, Sunday or other day on which banking institutions in New York, New York are authorized or obligated by law or executive order to close.