Restriction Release definition

Restriction Release means, with respect to any Geographic Limitation, a fully-executed and enforceable amendment to the associated Restriction, which has the effect of releasing the Parent, Seller and/or Seller Affiliate from any and all Geographic Limitations formerly imposed under the Restriction such that, as of the Closing of the Acquisition, Buyer shall not be subject to any Geographic Limitation with respect to its ability to operate the Business or utilize the Acquired Assets.
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Examples of Restriction Release in a sentence

  • After the Restriction Release Date, PTI shall have no responsibility in connection with the maintenance of the Colonial Conduit.

  • Within (x) six (6) months (if during the first year of this Agreement), or (y) two (2) months (if after the first year of this Agreement) after Colonial has knowledge that there will not be a Colonial Conduit available in a particular Segment or portion of the Colonial System, Colonial may deliver written notice to PTI (the "Equivalency Request Notice"), designating the nature and type of equivalency that Colonial requests to receive from and after the Restriction Release Date.

  • The “Final Expiration Date,” as used in this Rights Agreement, shall be the Restriction Release Date.

  • With respect to each Restriction, Parent shall have delivered to Buyer (i) a fully executed copy of the associated Restriction Release and (ii) an officer’s certificate executed by an executive officer of Parent stating that each Restriction is no longer in effect and that each Restriction Release has been duly authorized, executed and delivered by Parent and is a binding and enforceable Contract.

  • Notwithstanding any other provision of the Plan or this Agreement to the contrary, prior to the Restriction Release Date (as defined below), the Company may restrict the settlement of the Award in shares of Common Stock if, at the time of such settlement, the Company has more than 450 “holders of record” (as understood for purposes of Section 12(g) of the Exchange Act) of shares of Common Stock.

  • During the period beginning on the Restriction Release Date and ending on the tenth (10th) anniversary of the Lease Date, in the event that Colonial desires to Dispose of the Colonial Conduit, in whole or in part, Colonial shall provide written notice to PTI describing the terms of such Disposition, including the price of the Disposition, the term of any lease or license, and the identity of the proposed transferee (the "Notice of Terms").

  • During the period beginning on the Restriction Release Date and ending on the [ * * * ] anniversary of the Lease Date, in the event that Colonial desires to Dispose of the Colonial Conduit, in whole or in part, Colonial shall provide written notice to PTI describing the terms of such Disposition, including the price of the Disposition, the term of any lease or license, and the identity of the proposed transferee (the "Notice of Terms").

  • Once approved by Seller, including HUD approval if necessary, Seller shall prepare a release or subordination of the Use Covenant (“Use Restriction Release”) in the deed and Buyer shall have such Use Restriction Release recorded against the Property and this condition of this Agreement shall be satisfied.

  • All certificates representing Corporation Securities on or after the Effective Date shall, until the Restriction Release Date, bear a conspicuous legend in substantially the following form: THE TRANSFER OF SECURITIES REPRESENTED HEREBY IS SUBJECT TO RESTRICTION PURSUANT TO ARTICLE XII OF THE CERTIFICATE OF INCORPORATION OF AMBAC FINANCIAL GROUP INC., AS AMENDED AND IN EFFECT FROM TIME TO TIME, A COPY OF WHICH MAY BE OBTAINED FROM THE CORPORATION UPON REQUEST.

  • As soon as practicable, and in any event within two Business Days after the occurrence of a Restriction Release Event, New SPAC shall remove, or cause to be removed, any such legend from the books and records of New SPAC evidencing the Restricted New SPAC Sponsor Shares that have been released.