Closing Effective Time definition

Closing Effective Time means 7:00 a.m., central daylight time, on the Closing Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Closing Effective Time has the meaning specified in Section 13.01.

Closing Effective Time means, (a) if Closing is effective on the last day of a month, 11:59 PM, New Hampshire time, on the last day of such month or (b) if Closing is effective on the first day of a month, 12:01 AM, New Hampshire time, on the first day of such month.

Examples of Closing Effective Time in a sentence

• The term of this Agreement will begin immediately following the “Rights Closing Effective Time” specified in the Separation Agreement (the “Separation Agreement”) to be executed and delivered by SHO and Sears Holdings Corporation (the date on which the Rights Closing Effective Time occurs, the “Effective Date”) and will end, unless terminated earlier, at 5:00 p.m. (Central Time) on the 17th anniversary of the Effective Date (the “Term”).

• The Closing shall be deemed to be effective as of the Closing Effective Time.

• At and as of the Closing Effective Time, the Company will be entitled to take full credit in its financial statements pursuant to Applicable Law for all reinsurance ceded pursuant to any Reinsurance Agreement to which the Company is then a party.

• Each director of the Company shall have executed and delivered, in form and substance satisfactory to Buyer, an unconditional resignation from his or her position as a director of the Company, with such resignations to be effective as of the Closing Effective Time.

• The Parties agree that the actual date of the Closing is referred to herein as the “Closing Date,” and that the purchase and sale of the Shares shall be effective as of the Closing Effective Time.

More Definitions of Closing Effective Time

Closing Effective Time. 11:59:59 p.m. on the Closing Date.

Closing Effective Time has the meaning specified in Section 13.01. “Code” means the Internal Revenue Code of 1986, as amended.

Closing Effective Time means 12:01:00 a.m. Eastern Time on the first calendar day following the Closing Date.

Closing Effective Time means the time of Closing

Closing Effective Time means 12:01 a.m. (Calgary Time) on the Closing Date, or such other time as the Parties may agree to in writing.

Closing Effective Time has the meaning set forth in Section 1.03.

Closing Effective Time means 11:59 p.m. local time in Houston, Texas on the Closing Date; provided, however, that, if the Closing Date is the first day of a calendar month, the Closing Effective Time shall mean 12:01 a.m. local time in Houston, Texas on the Closing Date.