Examples of Reorganization Date in a sentence
Effective as of the 2001 Reorganization Date in (d), the corporate structure of Northrop Grumman Corporation and its affiliates was modified.
As of the 2001 Reorganization Date, the new Northrop Grumman Corporation became the sponsor of this Plan, and its Board of Directors assumed authority over this Plan.
Accordingly, as of the close of business on the Reorganization Date applicable to a Terminating Borrower, each Bank’s Commitment to make Loans for the benefit of such Terminating Borrower shall be terminated, such Terminating Borrower shall no longer be a Borrower under the Credit Agreement, and such Terminating Borrower shall no longer be permitted to request any Borrowing.
On the applicable Reorganization Date (or on or before the date hereof for each reorganization with a Reorganization Date prior to the date hereof), each Terminating Borrower shall provide a manually signed certificate of the authorized officers of such Terminating Borrower and the applicable Surviving Borrower to the effect that such Surviving Borrower has assumed all of the Obligations of such Terminating Borrower.
The Borrowers severally hereby agree to deliver to the Operations Agent, on or before each Reorganization Date (or on or before the date hereof for each reorganization with a Reorganization Date prior to the date hereof), an Allocation Notice that reflects the removal of each Terminating Borrower on such date (manually signed by an authorized officer of each of the Entities) and a revised Schedule 2 to the Credit Agreement which gives effect to the removal of each Terminating Borrower on such date.