Second Release definition

Second Release means that release of Letters of Credit to become effective pursuant to Clause 12.3 after which there are no Letters of Credit issued or capable of being required to be issued and outstanding in favour of EIB pursuant to this Agreement.

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Second Release means the general release agreement set forth in Appendix B hereto to be executed by Executive upon the Termination Date.

Second Release and "Second Release Date" shall have the meanings given in Section 2(c) of this Agreement.

Examples of Second Release in a sentence

By signing below, Employee acknowledges that Employee is receiving the consideration in exchange for waiving Employee’s rights to claims referred to in this Second Release and Employee would not otherwise be entitled to the consideration.
The offer set forth in this Second Release, if not accepted by Employee before the end of the Consideration Period, will automatically expire.
All other terms of the Separation Agreement to the extent not inconsistent with the terms of this Second Release are hereby incorporated in this Second Release as though fully stated herein and apply with equal force to this Second Release, including, without limitation, the provisions on Arbitration, Governing Law, and Attorneys’ Fees.
By signing below, Employee affirms that Employee was advised to consult with an attorney prior to signing this Second Release.
This Agreement will not be interpreted or construed to limit the First Release or the Second Release in any manner.
At any time and from time to time on or after the Second Release Date, the holders of a Majority-in-interest held by the Investors or their transferees, may make a written demand for registration under the Securities Act of all or part of the Registrable Securities (the “Second Demand Registration” and together with the First Demand Registration, a “Demand Registration”).
This Second Release does not limit Employee’s right to receive an award for information provided to any Government Agencies.
Nothing in this paragraph shall prohibit or impair Employee or the Company from complying with all applicable laws, nor shall this Second Release be construed to obligate either party to commit (or aid or abet in the commission of) any unlawful act.
Employee understands that Employee may take up to twenty-one (21) days to consider this Second Release (the “Consideration Period”).
By signing below, you acknowledge that you are receiving the release consideration outlined in this paragraph in consideration for waiving your rights to claims referred to in this Agreement (and the Second Release, if applicable) and that you would not otherwise be entitled to the release consideration.

More Definitions of Second Release

Second Release means the general release agreement set forth in Appendix B hereto to be executed by Executive upon the Termination

Second Release has the meaning ascribed thereto in Section 4;