Recission definition

Recission means the recission, cancellation, relinquishment, waiver and disclaimer of any and all claims and/or rights to record or beneficial ownership in and to Shares, Assumed Options and Assumed Warrants (as each of these terms is defined in the Recission Agreement) as set forth in the Recission Agreement.
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Recission or "to rescind""Rescind" means the cancellation of a contract with an RES and/or pending customer enrollment to an RES during a grace period in which no early termination fees can be assessed, without the incurrence of an early termination fee.
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Examples of Recission in a sentence

  • The Borrower agrees to immediately report to the Custodian and the Lender by facsimile transmission within one Business Day of discovery that any Wet Loans that were previously pledged to the Borrower do not close for any reason including, but not limited to, a Recission.

  • Notwithstanding any termination and rescission of this Subscription Agreement (and the Shareholders’ Agreement and any documents, instruments or deeds executed by an Investor including, but not limited to, the Subscription Forms) pursuant to Section 6 above, it is acknowledged and agreed that Sections 6 (Termination and Recission) and this Section 11.7 shall survive any such termination and rescission and continue to be effective as if no such termination and rescission had occurred.

  • Hold Harmless - Recission document executed by the Shareholder, attached hereto as Exhibit B.

  • In addition, you shall remain in compliance with the covenants set forth in Section 3 (“Non-Competition and Non-Solicitation Agreement and Company Right to Injunctive Relief, Damages, Recission, Forfeiture, and Other Remedies”) hereof for the applicable periods specified therein and hereby acknowledge and agree that Section 2 and Section 3 of this Agreement will apply during the Restricted Period, as described herein, notwithstanding anything to the contrary.

  • The Representative may waive such issuance restrictions at any time with respect to all or any portion of the issuable shares; provided, that, in no event shall any Base Stock Consideration be issued prior to the expiration or waiver of the Recission Right.

  • Recission - Customer has the right to rescind the Loan before midnight of the fifth day following the date on which the Loan is signed.

  • Gemstar guarantees StarSight's payment obligation under the Recission Agreement.

  • Without ▇▇▇▇▇'s prior written consent, Maker shall not agree to any amendment to its Investor Notes issued pursuant to Maker's Offering Summary dated September 20, 2000 and Recission Offer dated December 8, 2000.

  • The remaining [*] shall be either netted against the amount of [*] payable by StarSight to Microsoft under the Recission Agreement of even date or paid within two (2) business days of receipt of actual payment from StarSight, as determined by the parties.

  • Waiver of Past Defaults; Recission of Acceleration...............................26 Section 6.05.