Offset Date definition

Offset Date means the first (1st) anniversary of the Closing Date.
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Offset Date shall have the meaning set forth in Section 10.06.
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Examples of Offset Date in a sentence

  • Notwithstanding the foregoing, immediately after the Offset Date, the Deferred Payment Amount shall be deemed absolute and unconditional and not subject to any further set-off, defense, counterclaim, rescission, recoupment or adjustment whatsoever (other than, for the avoidance of doubt, any Deferred Payment Amount Reduction with respect to the Final Determination of any then Pending Claim, and any prior Deferred Payment Amount Reduction that has been effected).

  • If and to the extent Purchaser's receipt of funds to satisfy Losses is delayed as a result of the Purchaser being precluded from offsetting a Loss pending the due date of the next payment due under the Promissory Note or because the Offset Amount exceeds the Offset Limit, Purchaser shall receive and Seller shall pay interest at the rate of eight percent (8%) per annum on the amount of such Loss from the Offset Date to the date of the actual offset.

  • Buyer shall provide notice to Stockholders at least 10 business days prior to the date (the "Offset Date") on which it intends to exercise its Right of Offset against the Escrow Fund or the Contingent Purchase Price.

Related to Offset Date

  • Reset Date means the First Trading Date and thereafter each day (except Saturday and Sunday) as determined in the reasonable discretion of the Determination Agent pursuant to §317 BGB and in consideration of the relevant capital market practice and by acting in good faith.

  • SOFR Reset Date means each Business Day during the relevant Interest Period, provided however that if both a Benchmark Event and a SOFR Index Cessation Date have occurred, it shall mean: (i) in respect of the period from, and including, the first day of the Interest Period in which the SOFR Index Cessation Date falls (such Interest Period, the “Affected Interest Period”) to, but excluding, the SOFR Index Cessation Date (such period, the “Partial SOFR Period”), each Business Day during the Partial SOFR Period; (ii) in respect of the period from, and including, the SOFR Index Cessation Date to, but excluding, the Interest Payment Date in respect of the Affected Interest Period (such period, the “Partial Fallback Period”), each New York City Banking Day during the Partial Fallback Period; and (iii) in respect of each Interest Period subsequent to the Affected Interest Period, each New York City Banking Day during the relevant Interest Period.

  • Subsequent Reset Date means the date or dates specified in the applicable Final Terms;

  • Sunset Date means the first date following the date upon which the Significant Stockholder ceases to be the beneficial owner of at least 15% of the outstanding shares of common stock of the Corporation, determined in accordance with, and subject to, paragraph (iv) of Article II, Section 2(b) hereof.

  • Offset Amount means the amount or amounts which the Joint Venturers may be entitled to offset against future royalty payments pursuant to subclause (3) of this Clause;