Examples of Asset Purchase Closing in a sentence
The Company's obligation to terminate all Employment Arrangements on the day of the Asset Purchase Closing (to be effective at the Effective Time) will not constitute a "plant closing" or "mass layoff" pursuant to the WARN Act or otherwise trigger compliance with any state or local law or regulation.
Such licenses shall be limited to Corning Licensed Copyrights which rightfully come into the possession of Avanex as of the Asset Purchase Closing pursuant to the Purchase Agreement.
This loan was repayable in variable monthly installments till October 2016; annual rate of Interest is 2% above SBI base rate.
In consideration for the assignment of the Option Agreement hereunder, Braeburn shall pay to FX US$8,000,000, as promptly as commercially practicable but in any event not later than [***] days of the date of the Asset Purchase Closing, by wire transfer in immediately available funds to the following account: [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] CERTAIN CONFIDENTIAL PORTIONS OF THIS EXHIBIT WERE OMITTED AND REPLACED WITH “[***]”.
On the date hereof and as of the Asset Purchase Closing, without giving effect to the transactions contemplated by the Purchase Agreement, neither Corning nor any Affiliate of Corning beneficially owns any Avanex Securities.
Sellers shall use their reasonable best efforts, without the obligation to incur any costs, expenses or Liabilities, except for reasonable legal fees related to the License-Related Asset Purchase Closing as provided in Section 2.5(e) hereof, to cause the conditions in Sections 8.1 to be satisfied.
Registration processes delay in the submission to the UNFCCC secretariat and the actual publication on its website.
At the Asset Purchase Closing, Parent shall pay to the Company an amount in cash equal to $240,000,000 by wire transfer of immediately available funds to an account of the Company designated in writing by the Company to Parent.
At the Asset Purchase Closing, subject to the terms and conditions set forth in this IP Agreement, Corning or the applicable Subsidiary shall sell, convey, transfer and assign all of Corning's or its Subsidiary's right, title and interest in and to the Corning Assigned Patents to Avanex or one or more of its designated Subsidiaries, and Avanex or one or more of its designated Subsidiaries shall purchase from Corning such right, title and interest.
If the Parties are to consummate the Asset Purchase, the Company shall use commercially reasonable efforts to obtain any third party consents necessary to assign the Contracts related to the Business at the Asset Purchase Closing.