Executory Period definition

Executory Period means the period of time commencing on the Effective Date and ending upon the occurrence of the Closing or the sooner termination of this Agreement.

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Executory Period has the meaning specified in Section 6.1.

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

Examples of Executory Period in a sentence

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

• 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.

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

• 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.

• Without limiting the generality of the foregoing and except as set forth in Schedule 5.2 hereto, during the Executory Period, the Company shall not, without the prior written consent of Parent, take or cause to occur any of the actions or transactions described in Section 3.1(f)(iii) through (xiii).

More Definitions of Executory Period

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

Executory Period has meaning set forth in Section 8.1.

Executory Period means the period commencing on the date hereof through the Closing Date.

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

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

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

Executory Period has the meaning specified in Section 6.1. “FedNat Commitment” means $10,000,000 to be invested by FNHC at the time of the Closing. “FedNat Indemnified Parties” has the meaning specified in Section 10.2(b). “Fidelity Bond” means any bond or similar surety obligation relating to the business conducted by, or any Permit held by, any Issuer Party, including any performance bond, payment bond, guarantee bond, fidelity bond, surety bond or other similar bond. “Fiduciary Accounts Payable” means accounts payable for premium payables, surplus lines premium tax payables and stamping fees for any Insurance Policy bound prior to the Closing Date for which an Issuer Party has an obligation to pay such accounts payable from Fiduciary Accounts Receivable or fiduciary bank accounts to a carrier or a Governmental Authority. “Fiduciary Accounts Receivable” means that portion of the fiduciary accounts receivable for an Insurance Policy bound prior to the Closing Date for which an Issuer Party has an obligation to pay such accounts receivable amount received to a carrier or a producer. “Financial Statements” has the meaning specified in Section 4.6(a). “FNHC” has the meaning specified in the Preamble. “FNIC” has the meaning specified in the Preamble. “FOIR” has the meaning specified in the Recitals. “Fraud” means a misrepresentation or omission (i) made either with knowledge or belief as to its falsity, (ii) with an intent to induce the other Person to act or refrain from acting, (iii) in which such other Person acted or refrained from acting in reliance on such representation and (iv) such reliance resulted in Damages to such other Person; provided, however, that for the avoidance of doubt, constructive fraud, fraud by negligent or innocent misrepresentation and fraud by reckless conduct shall not be deemed to constitute Fraud. “Fundamental Representations” has the meaning specified in Section 10.1. “GAAP” means generally accepted accounting principles in the United States, consistently applied. “Governmental Authority” means any federal, state, provincial, municipal, local or foreign government, governmental authority, regulatory or administrative agency, governmental commission, department, board, bureau, agency or instrumentality, court or tribunal, including any entity or organization with the authority to regulate the Business in any jurisdiction in which any Issuer Party operates, including the Florida Office of Insurance Regulation. “Governmental Order” means any orde...