Contribution Time definition
Examples of Contribution Time in a sentence
As of the Closing Date and subsequent to the Autodata Contribution Time (the “DealerTrack Contribution Time”), (x) DealerTrack shall, and Autodata and DealerTrack shall cause the Company to cause the Partnership to, enter into the DealerTrack Contribution Agreement, and (y) the Company, ASC, Autodata and DealerTrack shall enter into the Partnership Agreement.
Upon the terms and subject to the conditions of this Agreement, the DealerTrack Contribution Agreement and the Partnership Agreement, as of the DealerTrack Contribution Time, DealerTrack shall be issued 500,000 LP Units in consideration of the LP DealerTrack Assets.
Upon the terms and subject to the conditions of this Agreement, the Autodata Contribution Agreement and the Initial Partnership Agreement, as of the Autodata Contribution Time, Autodata shall be issued 235,000 LP Units in consideration of the LP Autodata Assets.
Upon the terms and subject to the conditions of this Agreement and the DealerTrack Contribution Agreement, as of the DealerTrack Contribution Time, DealerTrack shall cause its Affiliate DealerTrack, Inc.
As of the Closing Date and at the DealerTrack Contribution Time, ASC and DealerTrack shall enter into the NSULC Interest Purchase and Sale Agreement.
The Members of the LLC are set forth on Exhibit A attached hereto, each of whom is (or, in the case of Theravance Biopharma, will be as of the Effective Time) admitted to the LLC as a Member as of the Contribution Time, in the case of Theravance, and as of the Effective Time, in the case of Theravance Biopharma.
The Contribution shall become effective at such time as shall be provided in the Contribution Agreement (the "Contribution Time").
The following sentence hereby is added at the end of the preamble paragraph to Section 6: “After the Contribution Time, to the extent any obligations of CCVI in this Section 6 are required to be performed at or prior to the Closing and relate to the LLC Assets contributed to the CCVI LLCs, CCVI shall cause the CCVI LLCs to perform such obligations and Buyer shall accept such performance by the CCVI LLCs in substitution thereof.
From and after the Contribution Time, all such books, records and copies shall be the property of MusicCo or LandCo, as applicable.
Pending such transfer, MusicCo shall maintain the 401(k) Plan accounts of the Affected Employees on the same basis as other employees of MusicCo; provided, that, MusicCo will not seek to declare any loan in default as a result of the Affected Employee’s failure to make a required loan payment during the ninety (90) day period from the Contribution Time during which the transfer is pending.