Transaction Deadline definition
Examples of Transaction Deadline in a sentence
The Warrants will not become exercisable and will expire worthless in the event the Corporation fails to consummate a Business Transaction on or prior to the Business Transaction Deadline.
The Warrants shall expire (a) on the Business Transaction Deadline, if the Business Transaction is not completed on or prior to the Business Transaction Deadline, and (b) at the time at which the Exercise Period ends, if the Business Transaction is completed on or prior to the Business Transaction Deadline (such date of expiration, the “Expiration Date”).
Notwithstanding the foregoing provisions of this Section 2, in the event that (i) the Company does not consummate a Qualified Investment Transaction by the Investment Transaction Deadline or (ii) the Company does not obtain a Shelf Charter or acquire an Inflatable Charter by the Charter Deadline, any Shares of Restricted Stock held by Participant shall be forfeited without any consideration.
Notwithstanding the foregoing provisions of this Section 3, in the event that (i) the Company does not consummate a Qualified Investment Transaction by the Investment Transaction Deadline or (ii) the Company does not obtain a Shelf Charter or acquire an Inflatable Charter by the Charter Deadline, any Option held by Participant shall be forfeited without any consideration.
The Warrants shall expire at the earlier of (a) on the Business Transaction Deadline, if the Business Transaction is not completed on or prior to the Business Transaction Deadline and (b) at the time at which the Exercise Period ends, if the Business Transaction is completed on or prior to the Business Transaction Deadline (such date of expiration, the “Expiration Date”).
If the Target Transaction has not closed on or prior to the date that is six months from the Closing Date (the “Target Transaction Deadline”), in addition to any and all other amounts due and payable hereunder, the Company shall pay one hundred fifty percent (150%) of any portion of the Principal Amount then outstanding plus all accrued and unpaid Interest thereon (the “Target Transaction Payment”), by no later than two (2) business days after the Target Transaction Deadline.
Notwithstanding the foregoing provisions of this Section 3, no Options shall vest or become exercisable prior to the Company’s consummation of a Qualified Investment Transaction and in the event that the Company does not consummate a Qualified Investment Transaction by the Investment Transaction Deadline, any Option held by Participant shall be forfeited without any consideration.
The Closing shall take place at the offices of Buyer, located at 3890 West Northwest Highway, Suite 500, Dallas, Texas 75220, on or ab▇▇▇ ▇▇▇▇ ▇, ▇▇▇▇, ▇▇ ▇▇:▇▇ ▇.▇., ▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇ place as shall be mutually agreed upon by the parties (but in all events prior to the Transaction Deadline Date unless otherwise agreed to by the parties).
Bank shall transmit or complete the necessary batch authorization of such deposits by the Transaction Deadline of the deposits set forth in the Processing Schedule attached hereto provided (i) such deposits are received by Bank’s related cut-off time set forth in the Processing Schedule on a Business Day and (ii) the Federal Reserve is open for business on such Business Day.
The Additional Note shall be executed and delivered to Holder within five business days following the Transaction Deadline or at such other time as the Company and Holder may mutually agree.