CSL Permit definition

CSL Permit means the permit issued by the Commissioner authorizing the issuance of the Parent Common Stock pursuant to the terms and conditions of this Agreement.
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Examples of CSL Permit in a sentence

  • At any time prior to the issuance by the Commissioner of the CSL Permit, the Parent may, in its sole discretion, withdraw the Permit Application.

  • Subject to the following, each of the Parent and the Company shall use all reasonable best efforts to obtain the CSL Permit.

  • As soon as reasonably practicable following the time (a) the Commissioner grants the CSL Permit, (b) the Registration Statement is declared effective by the SEC or (c) Parent elects to pay the Aggregate Stock Value in cash in lieu of issuing the Stock Consideration pursuant to Section 8.02(b) the Company shall use commercially reasonable efforts to obtain the Company Stockholder Approval, either at a meeting of the Stockholders or pursuant to a written stockholder consent.

  • Each CSL Permit is and immediately after the Merger will be valid and in full force and effect and no CSL Permit will be subject to termination or be terminated or adversely affected by the Merger.