Divestiture Effective Date definition
Divestiture Effective Date means the date, if any, following the Amendment Date and no later than December 31, 2021 in which Chemours' sales of the Excluded Division to (i) Draslovka Holding a.s. (or any Affiliate thereof) or (ii) any Chemours Party (or any Affiliate thereof), in either case, becomes effective.
Divestiture Effective Date is defined in Section 3.1(e).
Divestiture Effective Date shall have the meaning provided in the First Amendment.
Examples of Divestiture Effective Date in a sentence
No earlier than five (5) Business Days prior to the Divestiture Effective Date, the Seller (or the Servicer on its behalf) shall deliver to the Administrative Agent a pro forma Information Package, prepared after giving effect to this Amendment, the PSA Amendment, the Side Letter and the Assignment Agreement.
The Seller (or the Servicer on its behalf) shall promptly notify the Administrative Agent of the occurrence of the Divestiture Effective Date.