Unwind definition

Unwind means, with respect to any Swap Agreement, the early termination, unwind, cancelation or other Disposition of any such Swap Agreement. “Unwound” shall have a meaning correlative to the foregoing.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Unwind. The Parties acknowledge that but for the anticipated IPO, the Parties would not have executed and delivered this Agreement or contemplated completing the Merger. As a consequence, in the event the Merger closes but the effective time of the IPO does not occur by September 30, 2022, the Parties intend, for all legal and Tax purposes, to rescind the Merger (the “Rescission”) and to put the Parties to where they would have been had they not executed and delivered this Agreement and consummated the Merger. To allow for the Rescission, the Parties agree that the Surviving Entity will operate independently to the extent reasonably possible from the date hereof until the IPO occurs. In the event the IPO does not occur by September 30, 2022, or Holdings learns prior to that time that the IPO will not occur, Holdings will give prompt written notice to the Surviving Entity’s board of directors. Upon receipt of such notice, the Parties agree to execute all documents and take all necessary actions and consummate all necessary transactions to accomplish the Rescission for legal and Tax purposes by restoring the Parties to the position, or as close as possible to the position, they would have been in had the Merger not been consummated; which may include the return of cash payments and Promissory Notes, repurchase of assets and re-issuance of stock. The Parties further agree that in the event the Rescission occurs, for Tax purposes, they will take (and will use their reasonable best efforts to cause the former Target Company Stockholders to take) the position that the Merger and the Rescission had not occurred. Each Party (and each of the former Target Company Stockholders) shall be solely responsible for all costs incurred by such Party (or such former Target Company Stockholder) as part of the Rescission process.”

Unwind means the ability to return funds that were used to pay for a Purchase from Your DDA with the Pay Now™ feature, and to have the original Purchase placed back on to Your Account. You will have up to 30 calendar days to use the Unwind® feature for a Pay Now™ feature Purchase. When the Purchase posts back to Your Account, it will post with the original transaction date, and will be subject to interest charges according to the terms of Your Cardholder Agreement. We reserve the right to limit the total amount of your Unwind® feature requests from exceeding the available credit for Your Account.

Examples of Unwind in a sentence

Each of Dealer, Counterparty and Parent represents and acknowledges to the other that upon an Early Unwind, all obligations with respect to the Transaction shall be deemed fully and finally discharged.
Counterparty acknowledges that (i) during any Unwind Period Counterparty shall not have, and shall not attempt to exercise, any influence over how, when or whether to effect purchases of Shares by Dealer (or its agent or affiliate) in connection with this Confirmation and (ii) Counterparty is entering into the Agreement and this Confirmation in good faith and not as part of a plan or scheme to evade compliance with federal securities laws including, without limitation, Rule 10b-5 under the Exchange Act.
If the Affected Unwind Date is not listed below, the amount in the preceding sentence shall be determined by the Calculation Agent by reference to the table below using a linear interpolation between the lower and higher Synthetic Instrument Adjusted Issue Prices per Exchangeable Note for the dates immediately preceding and immediately following the Affected Unwind Date.
If the Affected Unwind Date is not listed below, the amount in the preceding sentence shall be determined by the Calculation Agent by reference to the Synthetic Instrument AIP Table using a linear interpolation between the lower and higher Synthetic Instrument Adjusted Issue Prices per Convertible Note for the dates immediately preceding and immediately following the Affected Unwind Date.
Each of Dealer and Counterparty represents and acknowledges to the other that upon an Early Unwind, all obligations with respect to the Transaction shall be deemed fully and finally discharged.

More Definitions of Unwind

Unwind transaction “by means of an order requiring defendant . . . to divest” the defendant’s

Unwind means the continuing management of Prattsburgh’s rights, assets, obligations or liabilities for the purpose of selling, transferring or otherwise disposing of such rights and assets and/or the winding down of its business, which management may include (a) paying and discharging its taxes and other obligations as they become due, (b) maintaining or preserving its assets, Properties, licenses and Governmental Approvals, (c) performing, preserving, protecting and defending its rights and obligations whether under any agreements to which it is a party or otherwise existing or (d) taking any actions reasonably related thereto.

Unwind means, with respect to any Swap Agreement, the termination, unwind, cancelation or other disposition of any such Swap Agreement. “Unwound” shall have a meaning correlative to the foregoing.

Unwind has the meaning assigned to such term in Section 9.19.

Unwind has the meaning set forth in Section 5.13.

Unwind means a credit card account that is initially treated as a Credit Card Receivable but subsequently has a Z status placed on it through the First Data Resources System or other third party processor and is thereafter treated as if it never was a Credit Card Receivable under the Servicer's Unwind Policy.

Unwind means the unwind transaction of this Lease as set forth in Section 3.2(C).