Designated Termination Date definition

Designated Termination Date has the meaning given to that term in Condition 51.6(A);

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Designated Termination Date means the date of the declaration or automatic occurrence of the Termination Date pursuant to Section 7.01 of the Purchase Agreement or Section 7.02 of the Credit Agreement.

Designated Termination Date has the meaning given to that term in Clause 57.3(B)(i) (Default termination);

Examples of Designated Termination Date in a sentence

• Notwithstanding anything to the contrary in the stock option plan or in any grant of options, any stock options that have not vested as of the Designated Termination Date shall continue to vest and remain exercisable until the lesser of (i) the balance of such options’ term, or (ii) eighteen (18) months from the Designated Termination Date.

• If the Employee has completed less than three (3) years of service with the Employer, then monthly bonus will instead be calculated based on the total bonus paid to the Employee prior to the Designated Termination Date, divided by the number of months of service completed as of the Designated Termination Date.

• The Tendering Party understands that the obligation to purchase the [beneficial interest in the] Floater Certificates is subject to the additional condition that, as of the Optional Tender Date, there shall not have occurred a Tender Option Termination Event and neither the Last Designated Termination Date nor the Scheduled Expiration Date shall have occurred.

• Notwithstanding anything to the contrary in the stock option plan or in any grant of options, any stock options that have not vested as of the Designated Termination Date shall continue to vest and remain exercisable until the lesser of (i) the balance of such options’ term, or (ii) twenty-four (24) months from the Designated Termination Date.

• Notwithstanding anything to the contrary in the stock option plan or in any grant of options, any stock options that have not vested as of the Designated Termination Date shall continue to vest and remain exercisable until the lesser of (i) the balance of such options’ term, or (ii) twelve (12) months from the Designated Termination Date.

More Definitions of Designated Termination Date

Designated Termination Date shall be stated separately for each Maturity of Bonds and shall mean the date set forth as such in the related Series Trust Agreement or in the related Additional Deposit Notice, as applicable, which shall be the Bond Interest Payment Date occurring on or immediately preceding the date of expiration of 80% of the period commencing on the Deposit Date or the Additional Deposit Date, as the case may be, and ending at the expected remaining average life of such Maturity (taking into account any scheduled sinking fund redemptions, any optional redemptions without premium and any other expected redemptions, including the dates therefor); provided, however, that, if any such date set forth in a Series Trust Agreement or an Additional Deposit Notice, as applicable, differs from the date determined pursuant to this definition, the Trustor shall cause such difference to be explicitly disclosed in the Series Trust Agreement or Additional Deposit Notice, as applicable, and the date set forth in such Series Trust Agreement or Additional Deposit Notice shall be determinative.

Designated Termination Date has the meaning set forth in Section 3(b).