Separation Effective Time definition

Separation Effective Time shall have the meaning set forth in the Arrangement Agreement.

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Separation Effective Time means the closing of the IPO.

Separation Effective Time means the time immediately prior to Completion and immediately prior to the Completion Accounts Effective Time (as such term is defined in the SPA);

Examples of Separation Effective Time in a sentence

Starz LTD Recipient shall mean any individual who is otherwise a Starz Group Employee or Former Starz Group Employee but is receiving long-term disability benefits under a New Lionsgate Welfare Plan at the Separation Effective Time.
Each of New Lionsgate and Starz shall, and shall cause the members of its Group to, (i) treat for all Tax purposes any Delayed Starz Asset or Delayed Starz Liability as an Asset owned by, and/or a Liability of, as applicable, Starz or the applicable member(s) of the Starz Group, not later than the Separation Effective Time, and (ii) neither report nor take any Tax position (on a Tax Return or otherwise) inconsistent with such treatment (unless required by applicable Law).
For the purposes of this Agreement, “New Lionsgate Assets” shall mean all Assets of any Party or the members of its Group as of immediately prior to the Separation Effective Time, other than the Starz Assets.
New Lionsgate agrees to file the appropriate registration statements with respect to, and to cause to be registered pursuant to the Securities Act, shares authorized for issuance under the New Lionsgate Equity Plan, as required pursuant to the Securities Act, as soon as practicable following the Separation Effective Time and in any event before the date of issuance of any shares pursuant to the New Lionsgate Equity Plan.
In the event that at any time or from time to time (whether prior to, at or after the Separation Effective Time), one Party (or any member of such Party’s Group) shall be liable for or otherwise assume any Liability that is allocated to the other Party (or any member of such Party’s Group) pursuant to this Agreement or any Ancillary Agreement, such other Party shall promptly assume, or cause to be assumed, such Liability and agree to faithfully perform such Liability.

More Definitions of Separation Effective Time

Separation Effective Time has the meaning ascribed to it in the Plan of Arrangement.

Separation Effective Time means the “Effective Time” as defined in the Separation Agreement.

Separation Effective Time means the time at which the Separation becomes effective;

Separation Effective Time means the time at which the Separation occurs on the Separation Date, which shall be deemed to be 12:01 a.m., New York City time.

Separation Effective Time has the meaning as set forth in Section 2.1.

Separation Effective Time means the time that step 3.1.1(i) of this Plan of Arrangement occurs, expressed in Pacific time.

Separation Effective Time means the time the Distribution occurs on the Distribution Date; provided, that for accounting purposes, the Distribution shall be deemed to have occurred at 12:01 a.m. Eastern Time on the Distribution Date, unless another time is selected by the Parties.