OPG Consent definition
Examples of OPG Consent in a sentence
The parties have determined that it is a condition to the consummation of the Merger under Section 9.9 of the Agreement that the COMPANY obtain advance approval (the "OPG Consent") for the transfer by way of merger from the COMPANY to URSI of rights which the COMPANY has under the OPG Contract (as defined below) prior to the consummation of the Merger, and URSI, the COMPANY and the STOCKHOLDERS desire to amend the Agreement by entering into this First Amendment.
Each of the parties acknowledges, were it not for the necessity of obtaining the OPG Consent, that the Merger would have occurred immediately prior to the closing of the IPO (such time immediately prior to the closing of the IPO being hereinafter referred to for all purposes of the Agreement and this First Amendment as the "Effective Reorganization Date").