Levy Date definition
Levy Date means, for purposes hereof, the date on which such taxes first became due and payable. Where appropriate, interest, rents, utility bills, insurance and the like shall be prorated and adjusted as of the Closing Date.
Examples of Levy Date in a sentence
Levy Date: May 30, 2002 ▇▇ ▇▇ ▇ay 30, 2002, I hereby accept the above Restricted Stock grant in accordance with and subject to the terms and conditions set forth above, and pledge all such Restricted Stock to the Company, and I agree that any shares of Common Stock, together with all substitutions and replacements therefore received by me hereunder will not be sold or otherwise disposed of by me except in a manner in compliance with applicable securities laws.
The Seller shall be responsible for that portion of such taxes from the Levy Date or dates to, but not including, the Closing Date.
For purposes of this proration, such taxes shall be assumed to have been paid in advance for the twelve (12) months succeeding their Levy Date.