Contribution Effective Time definition

Contribution Effective Time means the time of the consummation of the Contribution.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Contribution Effective Time means the effective time of the Contribution pursuant to Section 2.5(a).

Contribution Effective Time means the Contribution Effective Time as defined in the Reorganization Agreement (excluding the provisions from any amendments, restatements, amendments and restatements, supplements or other modifications to the Reorganization Agreement entered into after the Closing Date modifying the definition of Contribution Effective Time that adversely affect the Lenders in any material respect).

Examples of Contribution Effective Time in a sentence

• After the Contribution Effective Time, except for the rights under Section 7.13, the indemnification and contribution provisions of this Article V shall be the sole and exclusive remedy for the matters set forth herein and in any Assignment and Assumption Agreement and the transactions contemplated hereby and thereby and no party shall pursue or seek to pursue any other remedy.

• At the Contribution Effective Time, POCC hereby grants, contributes, transfers, assigns and conveys to the Operating Partnership, its successors and assigns, all right, title and interest in and to the Subsidiary Interests as a capital contribution and the Operating Partnership hereby accepts the Subsidiary Interests.

• The Parties acknowledge and agree that the obligations of the Company Group under or with respect to the EFH/TCEH Guarantees shall be terminated and extinguished as of the Contribution Effective Time pursuant to the Plan of Reorganization.

• Each of the assignments, transfers, assumptions and other transactions described in this Section 2.1(b) shall be deemed effective simultaneously on the TCEH Effective Date at the Contribution Effective Time, except with respect to any transfer or assignment of any Acquired TCEH Assets or assumption of any Assumed Liabilities required to be delayed pursuant to Section 2.2(b).

• From and after the Contribution Effective Time, OpCo shall indemnify each Company Indemnified Party, and hold each of them harmless, against any Liabilities arising from any such retained Assumed Liability; provided that OpCo shall have no obligation to indemnify any Company Indemnified Party that has engaged in any fraud, willful misconduct or knowing and intentional violation of Law, in each case in connection therewith.

More Definitions of Contribution Effective Time

Contribution Effective Time means the time on the TCEH Effective Date, immediately following the cancellation of Claims against the TCEH Debtors when the transfers and other transactions referred to in Section 2.1 have been completed, determined without taking into account any Acquired TCEH Assets or Assumed Liabilities that may be retained in accordance with Section 2.2(b) or Section 2.2(c).

Contribution Effective Time has the meaning assigned to such term in Section 2.2.

Contribution Effective Time has the meaning assigned thereto in the Reorganization Agreement.

Contribution Effective Time has the meaning given that term in the Contribution Agreement.

Contribution Effective Time means the time at which the Contribution occurs on the Distribution Date, which shall be deemed to be 12:01 a.m., New York City time.

Contribution Effective Time shall have the meaning provided in the Credit Agreement.

Contribution Effective Time has the meaning ascribed to the term “Effective Time” in the ▇▇▇▇▇▇▇ Asset Assignment Agreement.