Distribution Effective Time means 12:01 a.m., Eastern time, on the Distribution Date.

Distribution Effective Time has the meaning set forth in the Separation Agreement.

Distribution Effective Time means the effective time of the Distribution.

Examples of Distribution Effective Time in a sentence

Each of the Parties shall cause to be performed, and hereby guarantees the performance of, all actions, agreements and obligations set forth herein to be performed by any Subsidiary of such Party or by any entity that becomes a Subsidiary of such Party at or after the Distribution Effective Time, in each case to the extent such Subsidiary remains a Subsidiary of the applicable Party.
No such terminated agreement, arrangement, course of dealing or understanding (including any provision thereof that purports to survive termination) shall be of any further force or effect after the Distribution Effective Time.
Except as otherwise contemplated by this Agreement, all covenants and agreements of the Parties contained in this Agreement shall survive the Distribution Effective Time and remain in full force and effect in accordance with their applicable terms.
This Agreement shall terminate without further action at any time before the Distribution Effective Time upon termination of the Merger Agreement.
After the Distribution Effective Time, this Agreement may not be terminated, modified or amended except by an agreement in writing signed by Ironwood and Cyclerion.

More Definitions of Distribution Effective Time

Distribution Effective Time means the time established by Parent as the effective time for the Distribution, New York time, on the Distribution Date.

Distribution Effective Time means the time established by the Board as the effective time of the Distribution on the Distribution Date.

Distribution Effective Time means the first time on or after the consummation of the first event described in clause (1) or clause (2) of the definition of “Distribution” at which more than 80% of the SpinCo Common Stock has been disposed of under a combination of clause (1) or clause (2) of the definition of “Distribution.”

Distribution Effective Time means the effective time of the distribution of Common Stock to the holders of Common Shares of Cardinal Health, which is expected to be 11:59 p.m., New York City time, on August 31, 2009.

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

Distribution Effective Time has the meaning set forth in Section 4.01(b).

Distribution Effective Time shall have the meaning ascribed to it in the Separation Agreement; provided that, for the avoidance of doubt, any transaction deemed to occur for U.S. federal income tax purposes as a result of the Section 336(e) Elections, the Section 338(h)(10) Elections or any election made under Section 338(g) of the Code pursuant to Section 10(b) shall be deemed for all purposes of this Agreement to have occurred prior to the Distribution Effective Time.