Examples of Conditions Satisfaction Date in a sentence
The closing of the Redemption (the “Closing”) shall take place at the offices of Weil, Gotshal & Xxxxxx LLP, 000 Xxxxx Xxxxxx, Xxx Xxxx, XX 00000 at 10:00 a.m. on the fifth Business Day following the Conditions Satisfaction Date (as defined below), or at such other time and place as is mutually agreed in writing by SES and the GE Entities.
The Option shall (i) become exercisable, in whole but not in part, for all Shares (less any Shares that Buyer has accepted for payment or paid for pursuant to the Offer) immediately after the Offer Conditions Satisfaction Date; if, but only if, Buyer has accepted for payment all shares of Company Common Stock tendered and not withdrawn by the Offer Conditions Satisfaction Date, and (ii) shall remain exercisable for a period of 30 days after the first such date on which the Option becomes exercisable.
If the Option does not become exercisable due to (x) the withdrawal of the Offer prior to the Offer Conditions Satisfaction Date, or (y) the failure of Buyer to accept for payment all shares of Company Common Stock tendered and not withdrawn by such date, the Option shall be deemed to have expired.
On any date prior to the IPO Conditions Satisfaction Date, the Applicable Margin for LIBOR Rate Loans and Base Rate Loans shall be as set forth below based on the ratio of the Consolidated Total Indebtedness to the Gross Asset Value: Pricing Level 1 Less than or equal to 35% 2.75 % 1.75 % Pricing Level 2 Greater than 35% but less than or equal to 50% 3.25 % 2.25 % Pricing Level 3 Greater than 50% 3.75 % 2.75 % The initial Applicable Margin shall be at Pricing Level 2.
Following the IPO Conditions Satisfaction Date a Material Subsidiary shall be any Wholly Owned Subsidiary of Borrower which has assets that constitute five percent (5.0%) or more of Gross Asset Value and is not an Excluded Subsidiary.