Effective Time definition
Examples of Effective Time in a sentence
The Persons set forth on Section 6.3(a) to the Company Disclosure Letter own all of the issued and outstanding Equity Interests of the Company as set forth therein as of the date of this Agreement or will own such Equity Interests as of the Effective Time.
Notwithstanding anything to the contrary contained herein, this Agreement shall be effective as of the Effective Time of the Merger, and shall be subject to consummation of the Merger in accordance with the terms of the Merger Agreement, as may be amended by the parties thereto in accordance with its terms.
Without limiting the generality of the foregoing, from and after the Effective Time of the Merger, all property, rights, privileges, immunities, powers, franchises, licenses and authority of Merger Sub and the Company shall vest in the Surviving Entity, and all debts, Liabilities, obligations, restrictions and duties of each of Merger Sub and the Company shall become the debts, Liabilities, obligations, restrictions and duties of the Surviving Entity.
Nothing contained in this Agreement or the other Transaction Agreements shall give Parent, directly or indirectly, the right to control or direct the Company Group’s operations prior to the Effective Time.
Prior to the Effective Time, the Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations.