Examples of Initial Acceptance Date in a sentence
The Fund Agreements constitute or will constitute, on and after the Initial Acceptance Date, assuming due authorization, execution and delivery by the parties thereto other than the Fund, valid and legally binding instruments, enforceable in accordance with their respective terms, subject, as to enforceability, to bankruptcy, insolvency, reorganization and other laws of general applicability relating to or affecting creditors' rights and to general equity principles.
The Initial Acceptance Date will occur on such date as the Fund shall determine in its sole discretion.
If Initial Acceptance of the Drilling Rig does not occur on or before the Initial Acceptance Date, then Construction Supervisor shall pay in full the amounts required by Section 6.1 on or before the date specified in such demand which date shall be no earlier than the later to occur of (i) Initial Acceptance Date, or (ii) 50 days after the making of the demand contemplated by this Section 4.3(a).
It implied having qualified workers, with high revenues, doing a repetitive process that generated no value added, which made the process strongly inefficient and a source of money waste.
If the Initial Acceptance Date does not occur, this Supplemental Indenture will be null and void and cease to be effective and the Indenture will remain in effect in its current form.