Prohibition Period definition

Prohibition Period means the period from and after the Effective Time to and including the date which is twelve months from the Date of Termination.

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Prohibition Period means the period of time between 0001 hours GMT on 1 July and 2359 hours GMT on 30 September each year.

Prohibition Period means the period beginning at the Split-Off Effective Time and ending on the day after the date that is the one year anniversary of the date of the Split-Off Effective Time; provided that if, (a) prior to the day after the date that is the one year anniversary of the date of the Split-Off Effective Time, a Prohibited Party enters into an agreement, understanding, arrangement or substantial negotiations (within the meaning of Treasury Regulation Section 1.355-7) (collectively, an “Agreement”) which contemplates a transaction which, if consummated prior to such day, would constitute a Transfer or Non-Transfer Event that would result in Excess Shares being transferred to a Trust and (b) such Prohibited Party entered into an Agreement with respect to such transaction or a similar acquisition (within the meaning of Treasury Regulation Section 1.355-7) on or prior to the date of the Split-Off Effective Time, then with respect to such Prohibited Party only, the Prohibition Period shall be extended until the later to occur of one day after (i) the date that is the two year anniversary of the date of the Split-Off Effective Time, and (ii) the date that is the six month anniversary of the date such transaction is consummated or such Agreement is terminated, as the case may be.

Examples of Prohibition Period in a sentence

During the Prohibition Period, Employee shall not, directly or indirectly, become an owner or member, to the extent of an ownership interest of five percent (5%) or more, of a joint venture, partnership, corporation or other entity, or a consultant, employee, agent, officer or director of a corporation, joint venture, partnership or other entity, which is competitive with, directly or indirectly, the Companies' Business.
In no event shall Lender have any obligation to notify Borrower that a REMIC Prohibition Period is in effect with respect to the Loan, except that Lender shall notify Borrower if any REMIC Prohibition Period is in effect with respect to the Loan after receiving any notice described in Section 2.4(b)(i)(B); provided, however, that the failure of Lender to so notify Borrower shall not impose any liability on Lender or grant Borrower any right to defease the Loan during any such REMIC Prohibition Period.
As used herein, "Prohibition Period" means the period from and after the Effective Time to and including the date which is twelve months from the Date of Termination.
In such event, all unpaid principal and interest shall accrue during such Payment Prohibition Period and shall become due and payable on the Maturity Date.
In the event that payment hereunder is permitted to resume after a Payment Prohibition Period, Maker shall only be obligated to pay the current principal and interest, commencing on the first day of the month after the first full month after the termination of such Payment Prohibition Period.

More Definitions of Prohibition Period

Prohibition Period means the period of time between 0001 hours GMT on 1 August 2009 and 2359 hours GMT on 30 September 2009.

Prohibition Period means the period from and after the Effective Time to and including (i) the date which is eighteen months from the Date of Termination, if your employment hereunder is terminated by the Company without Cause or by you for Good Reason or (ii) the date which is twelve months from the Date of Termination, if your employment hereunder is terminated other than as set forth in the preceding clause (i).

Prohibition Period shall have the meaning ascribed to such term in the ▇▇▇▇▇▇ Charter Amendment. "Proxy/Consent Solicitation Statement" shall have the meaning ascribed to such term in Section 7.2(a)(ii) hereof.

Prohibition Period has the meaning set forth in Section 20.5.3.

Prohibition Period means the period of time between 0001 hours UTC on 1 July and 2359 hours UTC on 15 August each year;

Prohibition Period means the period beginning on 1 July 2001 to 30 June 2006;