Locked Box Date definition
Examples of Locked Box Date in a sentence
Since the Locked Box Date, no counterparty to a Material Content Agreement or a Material Distribution Agreement has terminated or threatened in writing to terminate the business relationship as a whole with the Nordic Group.
In addition to the purchase prices set forth above, the Purchaser shall pay interest on uch purchase prices for the time between the Locked Box Date and today's date at a rate of 5% p.a. (the "Locked Box Interest").
All actual Taxation liabilities of the Company which are ascertainable in financial amount in respect of its income, profits or gains earned or received on or before the Locked Box Date are provided for or noted in the Locked Box Accounts.
No Group Company has any Liabilities, except for (i) Liabilities reflected in the Financial Statements or the Locked Box Accounts, (ii) Liabilities incurred in the ordinary course of business consistent with past practice since the Locked Box Date that would not be prohibited by this Agreement, or (iii) Liabilities that would not materially and adversely impact the Group Companies, taken as a whole.
Interest shall accrue on the Purchase Price from the Locked Box Date up to the date the Purchase Price has been paid in full at a rate of 2% per annum.