Longstop Time definition

Longstop Time means, 11:59 p.m. (New York City time) on the date that is eleven (11) months following the release of the Relevant Rule 2.7 Announcement, or, in the event that the Offer has been declared wholly unconditional in the fourteen (14) days prior to such time, 11:59 p.m. (New York City time) on the date that is fourteen (14) days after the date on which the Offer has been declared wholly unconditional (or, in each case, such later date as may be agreed by the Administrative Agent (acting with the consent of all Lenders)).

Longstop Time means 11.59 pm Hong Kong time on 1 December 2016 (or such other time and date as may be agreed between the Parent and the Continuing Lender).

Longstop Time means 5.30pm on 30 September 2015 or such other time and date as may be agreed in writing between the Seller and the Purchaser;

Examples of Longstop Time in a sentence

• If the condition precedent (a) is not satisfied on or before the Longstop Time, or other conditions precedent are not satisfied or waived on or before Completion, the Completion may be postponed by no more than ten (10) Business Days; or the Acquisition Agreement may be terminated.

• In the event (i) any of the conditions precedent in relation to the Vendor’s part to satisfy is not satisfied on or before the Longstop Time; or (ii) that Completion does not take place due to the Vendor’s non-compliance with the steps and deliverables required to be taken and provided by the Vendor upon Completion under the Acquisition Agreement, both of which resulting in the termination of the Acquisition Agreement, the Vendor shall refund the Initial Deposit to the Purchaser.

• In the event that (i) condition precedent (a) in relation to the Purchaser’s part to satisfy is not satisfied on or before the Longstop Time, provided that the non-satisfaction is not due to the Vendor’s fault; or (ii) that Completion does not take place due to the Purchaser’s non-payment of the Consideration, both of which resulting in the termination of the Acquisition Agreement, the Initial Deposit will be retained by the Vendor.

• SPA (SHS-Huadian) shall terminate automatically at the Longstop Time if any Condition has not then been satisfied or waived (if permitted).

• If the Scheme Effective Date does not occur on or before the Longstop Time, the terms of and the obligations on the parties under or pursuant to this Scheme shall lapse and all of the compromises and arrangements provided by this Scheme and any releases granted pursuant to this Scheme shall be of no effect and shall be construed as if it had never become effective, and the rights and obligations of the DGL1 Scheme Creditors shall not be affected and shall be reinstated and remain in full force and effect.

More Definitions of Longstop Time

Longstop Time means 11.59pm on 2 June 2023, or such other time and date as may be agreed in writing between the Seller and the Purchaser; "Loss" means costs, losses, charges, expenses (including without limitation legal fees and VAT thereon, whether recoverable or otherwise), liabilities, fines, fees, settlements, demands, claims, actions, suits, penalties, payments, damages, adverse judgments or orders or other sanctions and “Losses” shall be construed accordingly;

Longstop Time means 10:00 a.m. London time on 7 April 2022, or any later date, if so agreed in writing between the Parties, in their absolute discretion.

Longstop Time means 22 December 2023 at 5:00 pm (New York Time) or such later date and time as may be agreed pursuant to the Restructuring Support Agreement.

Longstop Time means midnight in Malta on the 30 April 2012;

Longstop Time means 31 January 2022, or such other time and date as may be agreed in writing between the Sellers and the Purchaser;

Longstop Time means September l, 2020 at 5:00 pm (New York Time) or such later date and time agreed in writing by the Company and the Ad Hoc Group.

Longstop Time means 18:00 on the Longstop Date, or such later time and date as the Partners may agree;