Examples of Effective Closing Time in a sentence
No Target Group Company, except for the Target Company, has conducted any business prior to the date of this Agreement and has no, and prior to the Effective Closing Time will have no, assets, Liabilities or obligations of any nature other than those incident to its formation and pursuant to this Agreement.
Course Application Forms are to be received at least four weeks prior to the commencement of the course.
Before the Effective Closing Time, the Company will exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and each other Acquired Company’s respective operations.
Closing Date Cash means the aggregate amount of Cash of the Target Group Companies at the Effective Closing Time.
Each of the Corporations has paid or remitted or will duly pay and remit all Taxes required to be paid or remitted by it on or before the Effective Closing Time, including all Taxes shown as due and owing on all Tax Returns, all Taxes assessed or reassessed by any Governmental Authority and all instalments on account of Taxes for the current year.
If the QSUB Conversion does take place, the Parties intend that Buyer’s acquisition of the Xxxxx Company Interests would be treated as an acquisition of all of the assets of the QSUB Companies by Buyer from Xxxxx Company as of the Effective Closing Time in exchange for a portion of the Consideration as determined by the Allocation.
Section 8.2 Purchaser Benefit Plans The Purchaser will or will cause the Corporations to establish benefit plans for the Employees on the basis set forth in the Human Resources Agreement effective as of the Effective Closing Time (the “Purchaser Benefit Plans”).
The date on which the Closing occurs is sometimes referred to herein as the "Closing Date." The Closing shall, for Tax purposes and for purposes of determining the Company Closing Financial Amounts, be deemed to occur at 11:59 p.m. EST on the Closing Date (the "Effective Time") and, for all other purposes, be deemed to occur at 9:30 a.m. central standard time on the Closing Date (the "Effective Closing Time").
Prior to the Closing Date, Vendor shall secure such resignations from the officers and directors of the Corporations as Purchaser shall request, such resignations to be effective as of the Effective Closing Time.
All Tax Returns required by applicable Tax Law to be filed on or prior to the Effective Closing Time by or on behalf of the Corporations have been or will be filed under applicable Tax Law with the appropriate Governmental Authorities on or before the Effective Closing Time.