Effective Time definition
Examples of Effective Time in a sentence
On the terms and subject to the conditions of the Agreement, as of the Effective Time, the Purchaser will assume only the Assumed Liabilities, to the extent not satisfied or extinguished as of the Effective Time.
If the Sellers or any of their Affiliates receives any payment related to the Business or any Asset after the Effective Time that relates to the operation of the Business by Purchaser following the Closing, the Sellers agree to promptly remit (or cause to be promptly remitted) such funds to the Purchaser.
The First Merger Effective Time and the Second Merger Effective Time must occur on the Closing Date, with the Second Merger Effective Time occurring immediately after the First Merger Effective Time, and the parties shall take such actions to cause the foregoing to occur.
In the event that any Designated Director’s term expires prior to the first (1st) anniversary of the First Merger Effective Time, the Parent Board of Directors shall cause such Designated Director to be included in the slate of director nominees submitted by the Parent Board of Directors to stockholders of Parent for election at the applicable annual meeting of stockholders.
No further transfer of any such shares of Company Common Stock shall be made on such stock transfer books after the First Merger Effective Time.