Effective Time definition
Examples of Effective Time in a sentence
As of the date hereof and through the Effective Time, Seller shall ensure the Facilities maintain inventory and supplies on hand in the ordinary course of business and consistent with past practices of the Facilities.
With respect to terminations of employees following the Effective Time, Buyer shall be responsible for any legally required notifications.
The Purchase Price shall be adjusted after the Closing in accordance with Section 1.6(b) to reflect the Closing Net Working Capital as of the last day of the calendar month immediately preceding the Effective Time (as determined in accordance with Section 1.6(b)).
On and after the Effective Time, the Hospital’s medical staff will be subject to the Hospital’s medical staff bylaws then in effect.
The purchase price (the “Purchase Price”) for the Assets shall be Four Hundred Fifty Million Dollars ($450,000,000.00), plus the amount of the Net Working Capital (as defined in Section 1.6(a)) of the Seller Entities as of the Effective Time, and minus the amount of the finance leases (as defined by Accounting Standards Codification Topic 842 in GAAP) set forth in Schedule 1.3(b) that are assumed by Buyer.