Bulk Closing definition
Examples of Bulk Closing in a sentence
The amount payable to Owner at an ADR Bulk Closing (as defined in the Option Agreement) shall be equal to the Unreturned Owner Costs, plus an additional amount necessary to generate to Owner the Target Return with the formula set forth in the Option Agreement.
A separate Transfer Agreement will be prepared upon a Bulk Closing or a Transfer.
With respect to the Containers included in the Packaged Assets taken as a whole, the practices of the Operating Company and, prior to the Bulk Closing, the Former Operating Company relating to keeping and managing records and customer contracting are reasonably consistent with industry practices.
Except as otherwise noted herein and unless the context otherwise requires, references to any Affiliate of the Seller or the Operating Company shall be deemed to include a reference to the Former Operating Company for such periods of time up to the time of the Bulk Closing.
To the extent the Former Operating Company remains a party to any Material Contract as of the date hereof, the representations made above in this Section 4.18(b) shall apply, mutatis mutandis, to such Material Contracts at the time immediately prior to the Bulk Closing.