Separation Effective Time definition

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);

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;

Examples of Separation Effective Time in a sentence

• This Agreement shall terminate without further action at any time before the Separation Effective Time upon termination of the Merger Agreement.

• This Agreement is solely for the benefit of the parties hereto and is not enforceable by any other persons; provided that from and after the Separation Effective Time SpinCo shall also be (i) a beneficiary of this Agreement, (ii) entitled to enforce this Agreement in accordance with its terms and (iii) bound by the terms of this Agreement applicable to SpinCo (but shall not be responsible for any obligations of the Company contained herein).

• Unless as otherwise expressly provided in the Separation and Distribution Agreement, effective as of the Separation Effective Time, all workers’ compensation Liabilities relating to, arising out of, or resulting from any claim by any Lithium Participant that result from an accident or from an occupational disease, regardless of whether incurred before, on or after the Separation Date, shall be assumed by the Company and shall constitute Lithium Assumed Employee Liabilities.

• Without limiting the generality of Schedule 5.05 of the Separation Agreement, as of and following the Separation Effective Time, the Bromborough Indemnity Deed will remain in full force and effect in accordance with its terms; provided that any and all Liabilities related to or arising under the Bromborough Indemnity Deed shall constitute Lithium Assumed Employee Liabilities.

• No such terminated Contract shall be of any further force or effect, and no Party (nor any of its Affiliates) shall have further Liability thereunder, after the Separation Effective Time.

More Definitions of Separation Effective Time

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 means the closing of the IPO.

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

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

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

Separation Effective Time means the time the Spin-Off occurs on the Distribution Date.

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.