Auction Closing Date definition
Examples of Auction Closing Date in a sentence
The closing of the sale of the Trust=s Class B Member Interest of the Company to the Winning Bidder shall occur at the principal place of business of the Company on the Auction Closing Date unless the Class A Member and the Winning Bidder agree upon a different place or date or unless governmental or other required approvals, consents or waivers are required, in which case the closing shall occur as soon as practicable after the Auction Closing Date but in no event later than 4 weeks thereafter.
Notwithstanding the above, no application will be made to FERC by DLC to recover any costs associated with the connection of the Units to the Transmission System in existence on the Auction Closing Date.
Insofar as the representation made in this Section 5.8 applies to Sections 4064, 4069 or 4204 of Title IV of ERISA, it is made with respect to any employee benefit plan, program, agreement or arrangement subject to Title IV of ERISA to which such FE Subsidiary or any ERISA Affiliate of such FE Subsidiary made, or was required to make, contributions during the five (5)-year period ending on the last day of the most recent plan year ended prior to the Auction Closing Date.
The obligations of the Parties under this Section 7.3(a) shall be in full force and effect for three (3) years from the date hereof and will survive the termination of this Agreement, the discharge of all other obligations owed by the Parties to each other and the Auction Closing Date.
Insofar as the representation made in this Section 4.8 applies to Sections 4064, 4069 or 4204 of Title IV of ERISA, it is made with respect to any employee benefit plan, program, agreement or arrangement subject to Title IV of ERISA to which Seller or any ERISA Affiliate of Seller made, or was required to make, contributions during the five (5)-year period ending on the last day of the most recent plan year ended prior to the Auction Closing Date.
In the event that the Purchaser does not submit the necessary documentation to the Approving Authority within ninety days of the Auction Closing Date, the Vendor shall have the right, after providing five (5) days written notice to the Purchaser of such default and within which time the Purchaser has failed to remedy such default to terminate this Agreement.
In furtherance of this obligation, on the Auction Closing Date, Buyer shall execute and deliver to Seller and each applicable FE Subsidiary an enforceable agreement acknowledging and agreeing to be bound by, and assume the obligations of FE and the applicable FE Subsidiary, and/or Seller, as the case may be, (if any), under, the FE Governmental Orders.
Prior to the Auction Closing Date, to the extent applicable, Buyer shall provide to Seller and the FE Subsidiaries, as applicable, appropriate certificates of Tax exemption from each applicable taxing authority.
On the Auction Closing Date, Buyer shall deliver to Seller the DLC Assignment and Assumption Agreement pursuant to which Buyer shall assume and agree to discharge when due, without recourse to Seller, in accordance with the respective terms and subject to the respective conditions thereof, all of the Assumed DLC Liabilities applicable to the Purchased DLC Assets acquired by Buyer from Seller as well as all of the Accrued FE Liabilities relating to the Purchased FE Assets.
The Auction Closing Date shall be no earlier than the Distribution Date in February 2018.