Seller Transition Period definition

Seller Transition Period means the period commencing on the Closing Date and continuing until the date that is two (2) months following the Closing Date, unless sooner terminated as permitted by Section 5.9. The Seller Transition Period shall automatically renew thereafter for additional one (1) month terms (each, a “Seller Renewal Term”), unless the Seller Transition Period is otherwise terminated as permitted by Section 5.9.
Sample 1Sample 2
Seller Transition Period means the license term set forth in either of clause (1) or (2) of this Section 6.18(b), as applicable. 109
Sample 1

Examples of Seller Transition Period in a sentence

  • Buyer’s provision of the Seller Transition Services during the Seller Transition Period shall not confer upon Buyer, or imply or be construed as vesting in Buyer, any ownership or management rights with respect to the Excluded Assets, and Seller shall at all times be the owner of the Excluded Assets with all the rights of, and responsibility for, the management and ownership of the Excluded Assets and all activities ancillary or incident thereto.

  • Buyer and Seller shall each use commercially reasonable efforts in connection with the provision and use of Buyer Services and Seller Services to ensure that the Buyer Transition Period and Seller Transition Period are each terminated as soon as reasonably practicable following the Closing Date.

  • At any time during the Seller Transition Period, Seller may terminate any particular Buyer Service received hereunder with fourteen (14) days’ prior notice without affecting the remaining Buyer Services not so terminated.

  • Buyer agrees that during the Seller Transition Period, without the consent of the Seller, which consent will not be unreasonably withheld, delayed or conditioned, it will not make any changes to its internal control structure that would reasonably be expected to adversely affect Seller’s 34 Act filings with the SEC or compliance with Xxxxxxxx-Xxxxx requirements.

  • This Agreement will commence on the Effective Date and, unless earlier terminated in accordance with the terms hereof, shall extend for the later of the duration of the Buyer Transition Period or the Seller Transition Period (the “Term”).

  • During the Seller Transition Period, Buyer agrees to provide, or cause to be provided by its Affiliates or agents, to Seller the services identified on Exhibit 5.9(b) attached hereto (the “Buyer Services,” and together with the Seller Services, the “Services”) in a manner substantially consistent with the provision of those Buyer Services by RH and its Subsidiaries to Seller prior to the Closing Date.

Related to Seller Transition Period

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Service Transfer Date means the date of a Service Transfer;

  • Transition Date means the date on which this contract comes into effect for all purposes. Schedule 1 (Contract Particulars)

  • Term SOFR Transition Event means the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.14 that is not Term SOFR.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • transitional period means the period of time beginning on the

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.

  • Post-Transaction Period means, with respect to any Specified Transaction, the period beginning on the date on which such Specified Transaction is consummated and ending on the last day of the eighth full consecutive fiscal quarter of the Borrower immediately following the date on which such Specified Transaction is consummated.

  • Servicer Termination Notice Defined in Section 6.15.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;