Consummation definition

Consummation means the occurrence of the Effective Date.
Consummation means the completion of the final act necessary to complete a transaction as a matter of law, including, but not limited to, any required approvals by the corporation's shareholders and board of directors, the transfer of legal and beneficial title to securities or assets and the final approval of the transaction by any applicable domestic or foreign governments or governmental agencies.
Consummation means the completion of the final act necessary to complete a transaction as a matter of law, including, but not limited to, any required approvals by the corporation's shareholders and board of directors, the transfer of legal and beneficial title to securities or assets and the final approval of the transaction by any applicable domestic or foreign governments or agencies.

Examples of Consummation in a sentence

  • The parties understand that the mortgage lender must provide Buyer with the Closing Disclosure at least three specific business days prior to Consummation (settlement).

  • If the Closing Disclosure is mailed, it must be confirmed to have been mailed out a minimum of seven specific business days prior to Consummation (settlement).


More Definitions of Consummation

Consummation or “Consummated” means the occurrence of the Effective Date.
Consummation means the time that a consumer becomes contractually obligated on a credit transaction.
Consummation has a meaning correlative to the foregoing.
Consummation means the time at which the lessee enters into a consumer rental purchase agreement.
Consummation means the time a consumer becomes contractually obligated on a lease-purchase agreement.
Consummation means the time at which a consumer becomes contractually obligated under a rental-purchase agreement for personal property used primarily for personal, family or household purposes. [PL 1991, c. 787 (NEW).]
Consummation means “substantial consummation” as defined in section 1101(2) of the Bankruptcy Code.