Migration Process definition
Examples of Migration Process in a sentence
The Closing shall be deemed effective as of 12:01 A.M. Eastern Time on the day that the exchange of the Closing Deliverables occurs (“Closing Date”), subject to termination that can occur during the Migration Process.
The Parties understand and agree that the Migration Process typically takes 2 to 8 weeks to complete, but could take substantially longer.
The Contractor shall use the comprehensive Data Conversion Analysis, Design, and Migration Process (“DCADMP”) to ensure successful data conversion and migration as detailed in the following paragraphs.
Users understand and agree that the Migration Process typically takes 2 to 8 weeks to complete, but could take substantially longer.
The consummation of the transactions contemplated by this Agreement (the “Closing”) shall take place by means of the following (completed in the following order and promptly in succession to one another): (1) electronic exchange of Closing Deliverables, (2) delivery of the Purchase Price to Escrow Agent, (3) completion of the Migration Process, and (4) the release of the Purchase Price by Escrow Agent to Seller.
During the Migration Process, the Buyer shall not make any material changes to the Business, including but not limited to increasing expenses, without Seller’s prior written consent.
Upon completion of the Migration Process, the Escrow Agent shall first pay the Bank Debt, if any, directly, and second, promptly release the Net Closing Cash to Seller.
The consummation of the transactions contemplated by this Agreement (the “Closing”) shall take place by means of the following (completed in the following order and promptly in succession to one another): (1) electronic exchange of the Closing Deliverables, (2) delivery of the Closing Cash by the Buyer to the Escrow Agent, (3) completion of the Migration Process, and (4) the release of the Closing Cash by Escrow Agent to Seller.
The Migration Process will be deemed complete upon Seller providing written confirmation to Buyer that it has delivered such items and corresponding Seller confirmation that it has sufficient control of the Acquired Assets and no Material Adverse Effect has occurred.
Buyer agrees to buy the Assets “as is.” Upon expiration of the Inspection Period, Buyer hereby waives any and all contingencies in connection with its purchase of the Assets, including any discrepancies, fluctuations, or changes in the performance of the Asset and specifically its gross revenue, net revenue, expenses, traffic, and other metrics of performance, including any discrepancies, fluctuations, or changes in the performance of the Asset during the Migration Process.