Ownership Transfer Date definition

Ownership Transfer Date means the date when, as a result of the exercise by the Project Lenders of their rights under the Project Loans, a third party (other than one or more of the Project Lenders or their successors or an entity majority-owned or controlled by any of them) becomes the owner of a majority (at least 50.1%) of the issued Shares.
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Ownership Transfer Date means the day immediately subsequent to the Lease Expiry Date.
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Ownership Transfer Date means the first to occur of:
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Examples of Ownership Transfer Date in a sentence

  • From the Ownership Transfer Date, the Customer shall retain all environmental, financial and tax incentives and benefits, as well as all other incentives and benefits associated with the ownership and operation of the Solar PV System and the generation and sale of its Energy Output.

  • The Solar Service Company shall provide [monthly] service level reports to the Customer beginning in the first month immediately following the Ownership Transfer Date.

  • For the avoidance of doubt, such amounts shall remain with Seller as compensation for the transfer of the Acquired Assets as of the Ownership Transfer Date.

  • In this case the outstanding total Monthly Service Fee shall be calculated based on the average Monthly Service Fee for the period from the Ownership Transfer Date to the date of termination under this Clause 24.1(b).

  • The Solar Service Company will maintain the Solar PV System in good and proper working order throughout the Maintenance Term and undertakes to perform the Maintenance Services with effect from the Ownership Transfer Date in consideration of payment by the Customer of the Monthly Service Fee as set out in Schedule 4.

  • The information and/or financial statements provided to us need to be accurate.

  • In case of the Sales and Purchase Agreement will be not be signed before the Ownership Transfer Date due to the fault of the Seller referred here and after “Seller Breach”, the Seller must return all installments made under the Preliminary Sales Agreement and pay 5% interest per annum for each installment paid by the Buyer to the bank account specified by the Buyer.

  • Commencing on the Effective Ownership Transfer Date, each Beneficiary shall have the right to sell or otherwise transfer the Shares for which unrestricted ownership is transferred to such Beneficiary under this Plan.

  • Executive agrees to resign as Chairman of the Board of the Company, STC, and each other Related Entity effective as of the Ownership Transfer Date (as defined below).

  • Nothing in this article 3.2 (c) (ii) shall be deemed to affect any right of any such Beneficiary to receive Shares on the First Effective Ownership Transfer Date pursuant to article 3.2 (b) of this Plan.


More Definitions of Ownership Transfer Date

Ownership Transfer Date means the date of the closing of the transactions for the transfer by Smith Broadcasting Partners, L.P. ("SBP") to William S. Banowsky, Jr. xx XBP's ownership interest in one share of Xxxxx X Xxxxxx Xxxxx xx the Company.
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Ownership Transfer Date means the date specified by the Cabinet by notification in the Gazette to be the date of ownership transfer ∙
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Ownership Transfer Date means date of death, before the Maturity Date, of the Policyholder (or the date of death of the last to die in the case of joint Policyholders);
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Related to Ownership Transfer Date

  • Risk Transfer Date means the date when the risk of loss or damage to the Works passes from the Contractor to the Employer in accordance with sub Clauses 38.2 and 39.1.

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • Transfer Date means, in relation to a transfer, the later of:

  • the transfer date means 1 September 1989;

  • Service Transfer Date means the date of a Service Transfer;

  • Subsequent Transfer Date With respect to each Subsequent Transfer Instrument, the date on which the related Subsequent Mortgage Loans are sold to the Trust Fund.

  • Initial Transfer Date means the Series Issuance Date for the first Series of Transition Bonds.

  • Power Transfer Distribution Factor or “PTDF” shall mean a measure of the responsiveness or change in electrical loadings on Transmission Facilities due to a change in electric power transfer from one area to another, expressed in percent (up to 100%) of the change in power transfer in the pre-contingency configuration of a system under study.

  • transfer day means Monday – Friday, to 7:00 p.m., Central Time. Holidays are not included.

  • Servicing Transfer Date The date on which a Servicing Transfer occurs.

  • Transfer Effective Date shall have the meaning set forth in each Commitment Transfer Supplement.

  • Relevant Transfer Date means, in relation to a Relevant Transfer, the date upon which the Relevant Transfer takes place;

  • Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction

  • Assumed Final Distribution Date The Distribution Date in July 2036.

  • Non-Transfer Event means any event or other changes in circumstances other than a purported Transfer, including, without limitation, any change in the value of any Shares.

  • Investment End Date : means 11 November 2022, or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • Distribution Effective Time means 12:01 a.m., Eastern time, on the Distribution Date.

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Member's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Member's nondeductible employee contributions to all defined benefit plans, whether or not terminated, maintained by the Employer, and the Annual Additions attributable to all welfare benefit funds, as defined in Code Section 419(e), and individual medical accounts, as defined in Code Section 415(l)(2), maintained by the Employer), and the denominator of which is the sum of the maximum aggregate amounts for the current and all prior Limitation Years of service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The maximum aggregate amount in any Limitation Year is the lesser of 125 percent of the dollar limitation determined under Code Section 415(b) and (d) in effect under Code Section 415(c)(1)(A) of the Code or 35 percent of the Member's Compensation for such year. If the Member was a member as of the end of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction shall be adjusted if the sum of this fraction and the Defined Benefit Plan Fraction would otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an amount equal to the product of (1) the excess of the sum of the fractions over 1.0 times (2) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the plan made after May 5, 1986, but using the Code Section 415 limitations applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Addition for any Limitation Year beginning before January 1, 1987, shall not be recomputed to treat all employee contributions as Annual Additions.

  • Allowance transfer deadline means midnight of January 30 or, if January 30 is not a business day, midnight of the first business day thereafter and is the deadline by which allowances may be submitted for recordation in an affected unit’s compliance subaccount for the purposes of meeting the unit’s acid rain emissions limitation requirements for sulfur dioxide for the previous calendar year.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • In-Kind Distribution Date means , .

  • Principal Transfer Amount For any Distribution Date and any Undercollateralized Group, the excess, if any, of the aggregate Class Principal Balance of the Class A Certificates related to such Undercollateralized Group over the aggregate Stated Principal Balance of the Mortgage Loans in such Group.

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • True-Up Date means the date which is forty-five (45) days after the latest to occur of the Termination Date of this Agreement, the Termination Date of the Single Family Agreement, if applicable, or disposition of all Assets pursuant to this Agreement or the Single Family Agreement, if applicable. EXHIBIT 2.5

  • Formation Date has the meaning set forth in the Recitals hereof.

  • Origination Date means, with respect to each Mortgage Loan, the date of the Mortgage Note relating to such Mortgage Loan, unless such information is not provided by the Borrower with respect to such Mortgage Loan, in which case the Origination Date shall be deemed to be the date that is 40 days prior to the date of the first payment under the Mortgage Note relating to such Mortgage Loan.