Restriction Commencement Date definition

Restriction Commencement Date means the date upon which the Charter containing this Article IX is accepted for record with the State Department of Assessments and Taxation of Maryland.

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Restriction Commencement Date means the date upon which the filing of these Articles of Amendment and Restatement of the Corporation with the Maryland State Department of Assessments and Taxation becomes effective.

Restriction Commencement Date means the date of incorporation of the Corporation.

Examples of Restriction Commencement Date in a sentence

• In accordance therewith, the Shares will be released from the Repurchase Option over a four year schedule, with 25% of the Shares being released on the first anniversary of the Restriction Commencement Date, as defined in the Restricted Stock Agreement, and the remaining portion of the Shares being released in 36 monthly instalments thereafter.

• Not more than 20% of the total number of shares of Preferred Shares originally purchased by a holder may be converted into AUGI Common Stock in any interval of consecutive thirty (30) calendar days (a "Conversion Window"), with each such Conversion Window measured from the Restriction Commencement Date.

• On not more than ONE occasion in every six month period, measured from the Restriction Commencement Date, the Seller will have the right to impose a 30-calendar day "standstill" on the holders of the Preferred Shares, pursuant to which they may NOT convert the Preferred Shares.

More Definitions of Restriction Commencement Date

Restriction Commencement Date means a date on which a Restriction Trigger Event shall have occurred.

Restriction Commencement Date means the first date on which the Corporation issues shares of Capital Stock.

Restriction Commencement Date means the date upon which the Charter containing this Article IX is accepted for record with the State