Transaction Timing. A Transaction shall be deemed to have occurred when Consideration Paid (as defined below) for a Transaction has been received by the Company or the Company's shareholders or, in the event of a merger, acquisition, purchase by the Company, Consideration Paid has been sent to the receiving party, provided that if Consideration Paid shall be paid in installments, the full amount will be construed to have been received upon receipt of the first installment exchanged between parties to a Transaction.
Transaction Timing. The time the Transaction occurs on the Closing Date shall be the “Effective Time.” Buyer, Assignor and Seller agree that no party shall accrue any further obligations arising under the Leases after the Effective Time; provided that nothing herein shall constitute (a) a waiver or forgiveness of any amounts payable by Assignor under the Leases with respect to the Railcars for events or circumstances arising through the Effective Time, including without limitation rental payments owing through the Effective Time, or (b) any waiver, reduction or forgiveness of the Leases (or any portion thereof) with respect to the railroad equipment subject thereto other than the Railcars. Notwithstanding the foregoing, indemnification claims as provided or permitted in the Leases with respect to events or circumstances occurring to any of the Railcars prior to the Effective Time shall be governed by the indemnity provisions of the Leases, even if any such claim is brought subsequent to the Effective Time.
Transaction Timing. The PURCHASER may, in its sole discretion, extend the date by which any of the Second Transaction or Third Transaction (each a "Transaction" and collectively, the "Transactions") is to be made, and the corresponding Closing, by up to 60 days, provided that the PURCHASER pays to the SELLER the additional sum of US $25,000 for each 30 days (or any portion thereof) of such extension. In addition, the PURCHASER will have the right, in its sole discretion, to accelerate the date by which any of the Transactions is to take place, and the corresponding Closing, to such earlier date as the PURCHASER, in its sole discretion, may determine. Notwithstanding the above, the PURCHASER will, subject to the conditions set forth in this Agreement, accelerate the Transactions, and the corresponding Closings, to the soonest date that is reasonably practicable if it completes a financing of more then US$15,000,000.
Transaction Timing. An M&A Transaction shall be deemed to have consummated when Consideration Paid for an M&A Transaction has been sent to the receiving party, provided that if Consideration Paid shall be paid in installments, the full amount shall be construed to have been received upon receipt of the first installment exchanged between parties to an M&A Transaction.
Transaction Timing. The Contractor shall accept communication of outgoing wire transfer instructions each business day by no later than 7:30 a.m. and ending no earlier than 4:00 p.m. for same day settlement. No more than thirty (30) minutes shall elapse between the receipt of outgoing wire transfer instructions by the Contractor and the corresponding confirmation to the State of the transfer of funds, except when either (i) the Federal Reserve Wire Transfer System is inoperable, (ii) the State has reached its net debit position referred to in Section A.11 hereof, or (iii) when the State, at the Contractor's written request, has delivered to the Contractor a written waiver thereof. Any such waiver by the State shall only be applicable to the one occasion waived and shall not be construed as a waiver of such requirement on any future occasion. If the Contractor's attempt to execute the transfer of funds fails, the Contractor shall notify the State by telephone at the time the Contractor is made aware of such failure. All incoming wires received by the Contractor in proper format shall be posted to the State’s Settlement Account within thirty (30) minutes of the Contractor’s receipt of the same. By 8:00 a.m. on each business day, the Contractor shall provide to the State via electronic delivery a file in BAI format that includes all incoming wire receipt activity occurring the previous business day.
