LOI Date definition
Examples of LOI Date in a sentence
The Control Change Window begins thirty days before the LOI Date, and ends one year after the date on which the Control Change becomes effective.
Since the date of the Letter of Intent by and ------------------ between Buyer and the Company (the "LOI Date"), and up to the Closing Date, Sellers have conducted the Business only in the Ordinary Course of Business and there has not been any adverse change in, or any event or development which, individually or together with other such events, could reasonably be expected to result in a Material Adverse Effect on the Business or any of the Purchased Assets.
In addition, Licensee shall reimburse Licensors for any maintenance fees, costs of prosecution, or other costs which may have been expended in connection with the Licensed Patents at the direction of Licensee, or as reasonably necessary to maintain the Licensed Patents, during the period between the LOI Date and the Effective Date.
After the LOI Date, except as may be permitted by the terms of this Section 14.1, Seller shall not, without Buyer’s prior written consent either (a) enter into a New Lease; (b) modify or amend any Lease (except pursuant to the exercise by a tenant of a renewal, extension or expansion option or other right contained in such tenant’s lease); or (c) consent to any assignment or sublease in connection with any Lease.
Buyer shall use good faith and reasonable efforts to obtain (a) the Title Commitment, (b) copies of all of the Title Documents, and (c) the Survey, as soon as reasonably practicable after the LOI Date.
Until the Closing Date, Seller will continue to operate the Law School as previously conducted from the LOI Date through the Effective Date, and Seller will not engage in any practice, take any action, or enter into any transaction outside the Ordinary Course of Business except, in each case (i) as contemplated by this Agreement, (ii) with Buyer's approval, or (iii) for actions taken or omitted to be taken at the request of Buyer.
Seller is not, and has not been since the LOI Date, in material violation of any Regulation to which it, the Law School, or the Acquired Assets are subject.
Other than the Transferred Rights, none of the Company nor any Company Subsidiary has assigned, transferred or otherwise disposed of any other significant assets or properties to SPE or its Affiliates since the LOI Date other than in the ordinary course of business consistent with past practice and which, in the aggregate are not material to the operation of the business of the Company.
Since the LOI Date, Seller has not purchased any material amount of assets except in the Ordinary Course of Business.
From the Closing Date until May 31, 2014, Seller will provide or cause to be provided to Buyer IT Systems and related services and support for the Law School at product and service levels consistent with those provided by Seller to the Law School from the LOI Date through the Effective Date as more fully described in Schedule 12.9 (collectively, the "Transitional IT Systems and Services").