Confirmation Period definition

Confirmation Period means a period of 3 days from the Signature Date by the Purchaser or such longer period as may be agreed to between the parties in writing;

Confirmation Period means the period during which a seller must either confirm or reject an offer made by the highest bidder after the completion of an auction. The highest bidder is bound by the Rules of Auction and shall not have the opportunity to withdraw his/her offer until the seller has confirmed the sale, or the predetermined confirmation period has expired.

Confirmation Period means the period during which the SELLER must either accept and confirm or reject an OTP signed by the highest bidder declared the PURCHASER after the completion of an auction. The PURCHASER is bound by the OTP and shall not have the opportunity to withdraw his / her offer until the SELLER has confirmed the OTP, or the predetermined CONFIRMATION PERIOD has expired;

Examples of Confirmation Period in a sentence

• A Participant who fails to return the completed Acceptance Form before the expiry of the Confirmation Period will be deemed to have refused the Offer and the Restricted Stock Units.

• Seller shall have the right to audit those records at any reasonable time during the Confirmation Period.

• If the Purchaser fails to raise any objection in writing within the Confirmation Period of the Conditions Precedent, it shall be deemed that the Purchaser has confirmed that the Conditions Precedent have been fulfilled.

• Following the Confirmation Period, Buyer shall have no further right of inspection and review with respect to the Properties except solely for the purpose of assisting Buyer in its management transition as provided in Sections 4.2(m) and (o) and Section 6.10.

• Nevertheless, during the Confirmation Period, Buyer shall be permitted to make a further review of information relating solely to the matters described on Exhibit N attached hereto (the "Investigation Matters") to determine whether any Material Adverse Matters Amounts exist with respect to the Properties and the extent of any such Material Adverse Matters Amount.

More Definitions of Confirmation Period

Confirmation Period means the period commencing on the date of this Agreement, and ending at 5:00 p.m., California time on April 8, 1999, provided that the Confirmation Period may end earlier at Buyer's election upon delivery by Buyer to Transferors of the Confirmation Letter (representing the conclusive waiver by Buyer of any further Confirmation Period).

Confirmation Period has the meaning ascribed to such term in subsections (d) (i) (y) of Clause Fourth hereof.

Confirmation Period shall have the meaning ascribed to such term in Section 7.2(d) hereof.

Confirmation Period means the period commencing on June 3, 1998, and ending at 5:00 p.m. Eastern Standard Time on July 8, 1998; provided, however, that the Confirmation Period may expire earlier, at Acquiror's election, upon delivery by Acquiror to Meridian of the Confirmation Letter, in which event Acquiror shall be deemed to have absolutely and conclusively waived any further Confirmation Period.

Confirmation Period has the meaning ascribed to such term in subsections (d) (i) (y) of Clause Fourth hereof. “Insolvency Proceeding” means the jurisdictional insolvency or bankruptcy proceeding, that any of the Parties may be subject to, pursuant to the IL. “Representative of Settlors” has the meaning ascribed to such term in Clause Ninth hereof. “Insolvency Resolution” means the resolution by which a competent judge declares on Insolvency any of the Counterparties. “Solvent” means, respect to any Settlor on a determined date, that on such date, (i) the current market value of the assets of such Settlor is greater than its subordinated and contingent liabilities of such Settlor (ii) such Settlor may pay its subordinate or contingent or other kind of debts and obligations, while such debts and obligations are due and payable, (iii) such Settlor does not have an unjustified low capital for the conduction of its current businesses, in the manner that it actually conducts such businesses and the proposed manner to conduct them as of such date, (iv) such Settlor is not in general breach of its payment obligations pursuant to the conditions provided in sections I and/or II of Article 10 of the BL, and none of the events listed in sections I to VII of article 11 of the IL occurs to such Settlor. The amount of the contingent liabilities at any time will be calculated on the basis of the amount arising from all facts and circumstances at certain time, that represents the amount that may reasonably be expected as current or due liability.

Confirmation Period has the meaning set forth in Section 2.2(b).

Confirmation Period is defined in Section 3.6.