Locked Box Period definition

Locked Box Period means the period from (but excluding) the Locked Box Date to (and including) the Closing Date.

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Locked Box Period means the period from (but including) the Locked-Box Date until (and including) the Closing Date (but immediately prior to

Locked Box Period has the meaning set forth in Section 2.7(b).

Examples of Locked Box Period in a sentence

Each Seller undertakes to pay to the Buyer on demand an amount in cash equal to the amount of any Leakage received by such Seller or any member of such Seller’s Seller Group during the Locked Box Period.
The Leakage Amount shall be deemed to be equal to (i) the amount of Leakage during or for the Locked Box Period, whether payable during or after the Locked Box Period, less (ii) the Leakage Tax Benefit Amount.
Set forth in Section 3.4(f) of the Disclosure Schedule (the “Leakage Schedule”) are all current arrangements or agreements that have resulted in, or would reasonably be expected to result in, Leakage during the Locked Box Period, the amounts of such Leakage as of August 15, 2019 and expected amounts of such Leakage as of September 30, 2019.
If any Leakage occurs in the Locked Box Period that is not a Transaction Fee then, subject to Closing occurring, each Vendor undertakes to pay to the Purchaser, within 10 Business Days after written demand by the Purchaser, the amount of the Leakage (not being Transaction Fees) that was paid to or for the benefit of that Vendor or, if applicable, each Vendor’s Respective Sale Proportion of the Leakage (a Leakage Payment).
Each Vendor agrees that during the Locked Box Period: (a) there has not been, and will not be, any Leakage, other than the Transaction Fees; and (b) no arrangement or agreement has been or will be made that will result in any Leakage, except for any arrangement or agreement giving rise to Transaction Fees.

More Definitions of Locked Box Period

Locked Box Period means the period beginning at 12:01 a.m. Eastern time on March 1, 2025 and ending at the Closing.

Locked Box Period means the period from (but excluding) the Locked Box Date to (and including) the Completion Date.

Locked Box Period means the period from (and including) 1 April 2022 to (and including) the Completion Date.

Locked Box Period means the period from and including the Locked Box Date up to and including the Completion Date;

Locked Box Period means the period from (but excluding) the Locked-Box Date until (and including) the Closing Date (but immediately prior to Closing); "Loss" shall mean any damages (dommages) or losses (pertes) legally qualifying as préjudice prévisible, certain et direct under French Law (but excluding any damages or losses which are contingent, potential, unforeseen, consequential or punitive, any loss of future revenues, income or profits (manque à gagner), and any loss of opportunity (perte d’une chance)); DocuSign Envelope ID: E60EED85-CC73-497B-9AB2-4E7133D1B558

Locked Box Period means the period between 12.01 a.m. on the date following the Locked Box Date up to (and including) the Closing Date; “Long Stop Date” means 29 September 2023;

Locked Box Period means the period from (and including) 1 January 2022 to (and including) the Completion Date. "Long Stop Date" means 31 March 2022. "Management Balance Sheet" means the balance sheet of a Subsidiary as of the Valuation Date prepared in accordance with GAAP consistently applied in a form prepared by Golar Management on its behalf as part of such Subsidiary's annual financial statements for the accounting year 2021. "ManCo Agreement" has the meaning given to it in Recital (G). "Net Asset Value" has the meaning given to it in Clause 2.2.4. "New Bank Loan" means a senior secured loan facility of up to USD 570 mill. to be provided to the Subsidiaries (other than those party to the Continuing Lease Agreements) by the Finance Providers for the purpose of financing the purchase price for their respective Vessels on completion of the Purchase Options and refinancing the Existing Bank Loan at Completion. “New Bank Loan Agreement” means an agreement between the Finance Providers of the Subsidiaries not party to the Continuing Lease Agreements, such Subsidiaries and the Company which will be concluded based on the Term Sheet. "NFE" means New Fortress Energy Inc. “Permitted Encumbrance” means: (a) any Encumbrance in respect of Terminating Lease Agreement and the Existing Bank Loan before Completion; (b) any Encumbrance in respect of the New Bank Loan and the Continuing Lease Agreements;