Examples of Effective Closing Date in a sentence
The closing shall be effective as of the close of business on March 31, 1998 (the "Effective Closing Date").
Each and every officer and director of the Company shall have resigned from any and all positions with the Company as director, officer or employee effective as of immediately prior to the Effective Closing Date.
For purposes of this subsection (e), any taxable period beginning before and ending after the Effective Closing Date shall be treated as two partial periods, one ending on the Effective Closing Date and the other beginning on the day after the Effective Closing Date, except that Taxes (such as property taxes) imposed on a periodic basis shall be allocated on a per diem basis.
The parties shall prepare and execute appropriate merger documents under the corporate laws of Maryland and Texas, containing the terms provided in this Agreement, including a Certificate and Articles of Merger which shall be filed with the Maryland State Department of Assessments and Taxation and with the Texas Secretary of State on the Effective Closing Date, or immediately thereafter.
On the Effective Closing Date, the PURCHASER shall issue 2,347,109 shares of the PURCHASER'S common stock bearing a restricted legend in exchange for all of the Common Stock of Gold Basin (100%) pursuant to a shareholder approved share exchange plan.