Effective Time of Closing. The parties agree that the transactions described in this Agreement shall be deemed effective as of 11:59 P.M., Central Time, on the Closing Date (the "Effective Time of Closing").
Effective Time of Closing. “Effective Time of Closing” shall mean 12:01 AM, local time, on the Closing Date.
Effective Time of Closing. Notwithstanding the time at which ------------------------- Closing takes place, the Closing shall be deemed to be effective as of 11:59 p.m. on the Closing Date.
Effective Time of Closing. The parties agree that, for all financial statement, accounting and other purposes, the transactions described in this Agreement shall be deemed effective as of 12:01 a.m., Phoenix local time, on the Closing Date (the "Effective Time of Closing").
Effective Time of Closing. The closing (the "Closing") of the transactions contemplated by this Agreement has occurred contemporaneously with the execution and delivery of this Agreement and shall be deemed to be effective for all purposes as of 12:00 p.m. December 31, 1997 (the "Effective Time of Closing").
Effective Time of Closing. The closing of the transactions contemplated hereby (the “Closing”) will take place on such date and at such time as shall be mutually agreed upon by the parties hereto, but shall not occur later than Friday, August 31, 2007. The Closing shall be conducted at or through the offices of Buyer’s attorney. Notwithstanding anything to the contrary, the effective time of the purchase and sale contemplated hereby for purposes of calculating or determining assets and liabilities shall be as of the close of all business on Friday, August 31, 2007 (the "Effective Time").
Effective Time of Closing. (a) Section 1.1 of the Agreement is amended by (i) deleting “12:01 a.m.” and replacing it with “11:59 p.m.” in the definition of “Adjustment Amount” therein; and (ii) deleting “12:01 a.m.” and replacing it with “11:59 p.m.” in the definition of “Spending Deficiency Amount” therein.
(b) Section 2.5 of the Agreement is amended by deleting “12:01 a.m.” and replacing it with “11:59 p.m.” therein.
Effective Time of Closing. For the avoidance of doubt, the Closing is deemed to occur after the close of business on the Closing Date, and all items of income and expenses of the Company that are incurred on the Closing Date shall be included in the Tax Return of Holdco.
Effective Time of Closing. “Effective Time of Closing” shall mean 12:01 a.m., New York City time, on the Closing Date.
Effective Time of Closing. (a) The Closing shall be effective for all purposes as of the Effective Time; provided that the parties acknowledge and agree that provisions of this Agreement have been drafted such that, on an economic basis, it shall be as if the Closing had been effective as of the first moment on May 1, 1997 rather than the Effective Time.
(b) The parties will need to prepare and file certain tax returns for periods through the moment prior to the Effective Time. Consequently, the GWC Group shall close its books as of the moment before the Effective Time to facilitate the preparation of accurate tax returns by the parties to this Agreement and the preparation of an opening balance sheet of the GWC Group as of the Effective Time.
