Executory Period definition

Executory Period means the period of time from the Effective Date through and including the Closing Date.

Executory Period means the period commencing on (and including) the Execution Date and continuing until the Closing (or, if earlier, the termination of this Agreement in accordance with Article X).

Executory Period means the period beginning at 12:01a.m. on the Effective Date and ending at the Closing.

Examples of Executory Period in a sentence

• Notwithstanding the foregoing, the parties acknowledge that during the Executory Period, the MMCH Preferred shall be dividended or otherwise distributed to Parent.

• During the Executory Period, the Company will operate its business as now operated and only in the normal and ordinary course and, consistent with such operation, will use its best efforts to preserve intact its present business organization, to keep available the services of its officers and employees and to maintain satisfactory relationships with licensors, franchisees, licensees, suppliers, contractors, distributors, customers and other persons having business dealings with it.

• However, Seller shall execute no contracts, leases or other agreements regarding the Real Property during the Executory Period that are not terminable on or before the Closing Date, without the written consent of Buyer, which consent may be withheld by Buyer in its sole discretion.

• During the period from the date of Seller's acceptance of this Agreement to the Closing Date (the "Executory Period"), Seller shall operate and maintain the Property in the ordinary course of business in accordance with prudent, reasonable business standards, including the maintenance of adequate liability insurance and insurance against loss by fire, windstorm and other hazards, casualties and contingencies, including vandalism and malicious mischief.

• During the Executory Period, no Sen Lang Shareholder shall sell, assign, transfer, convey or otherwise dispose of any Sen Lang Shares held by such Sen Lang Shareholder to any other Person.

More Definitions of Executory Period

Executory Period has the meaning specified in Section 6.1.

Executory Period has the meaning given that term in Section 2.5(e).

Executory Period has the meaning ascribed thereto in Schedule 5, Section 1.

Executory Period shall have the meaning set forth in Section 5.

Executory Period has meaning set forth in Section 8.1.

Executory Period means the period between the date of this Agreement and the earlier of (a) the Closing or (b) the termination of this Agreement in accordance with Article VI.

Executory Period means (i) with respect to a sale of Purchased Shares pursuant Section 4(e)(v)(A) of the Subscription Agreement, the period between the delivery of a Put Notice (as defined in the Equity Put Option) and the earlier of (A) the Closing Date (as defined in the Equity Put Option) and (B) termination of the proposed sale transaction for any reason other than a breach by the Purchasers and (ii) with respect to a sale of Purchased Shares pursuant Section 4(e)(v)(B) of the Subscription Agreement, the period between the execution and delivery by the Purchaser and Pegasus or any of its Affiliates of definitive documents for such sale transaction and the earlier of (A) the consummation of such sale transaction and (B) termination of the proposed sale transaction for any reason other than a breach by the Purchaser.