Escrow Release Effective Time has the meaning specified in the definition of the term “Escrow Subsidiary”.

Escrow Release Effective Time has the meaning specified in the definition of the term “Escrow Subsidiary”. “Escrow Subsidiary” means any Subsidiary of the Borrower that (a) shall have been identified to the Administrative Agent promptly following its formation (and in any event prior to its incurrence of any Indebtedness) and (b) at no time shall contain any assets or liabilities other than any Escrow Debt, any Escrow Funds, any Escrow Accounts and such Subsidiary’s rights and obligations under any documents related to the Escrow Debt. Until such time as the proceeds of such Escrow Debt have been released from escrow in accordance with the applicable escrow arrangements (the “Escrow Release Effective Time”), each relevant Escrow Subsidiary shall be deemed not to be a Subsidiary for any purpose of this Agreement and the other Loan Documents; provided that as of and after the Escrow Release Effective Time, each relevant Escrow Subsidiary shall cease to be an Escrow Subsidiary and shall be a Subsidiary for all purposes of this Agreement and the other Loan Documents and any such Escrow Debt shall be required to be permitted pursuant to Section 7.03 and any Liens securing such Escrow Debt shall be required to be permitted pursuant to Section 7.01. “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time. “EURIBOR” has the meaning specified in the definition of “Eurocurrency Rate.” “EURIBOR Rate” has the meaning specified in the definition of “Eurocurrency Rate.” “Euro” and “EUR” mean the lawful currency of the Participating Member States introduced in accordance with the EMU Legislation. “Eurocurrency Rate” means: (a) With respect to any Credit Extension: (i) denominated in a LIBOR Quoted Currency, the rate per annum equal to (A) the London Interbank Offered Rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for such currency for a period equal in length to such Interest Period) (“LIBOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of such Interest Period) with a term equivalent to ...

Related to Escrow Release Effective Time

Escrow Release Date has the meaning set forth in the Escrow Agreement.
Release Effective Date means the date the Release becomes effective and irrevocable.
Merger Closing Date the Closing Date (as defined in the Merger Agreement).
Offer Closing Date has the meaning set forth in Section 1.01(f).
Merger Effective Time means “Effective Time,” as that term is defined in the Merger Agreement.
Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.
Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.
First Effective Time has the meaning specified in Section 2.02.
Escrow Termination Date has the meaning ascribed to such term in Section 9.12.
Merger Closing means “Closing,” as that term is defined in the Merger Agreement.
Second Effective Time has the meaning specified in Section 2.02.
Seller Closing Certificate has the meaning set forth in Section 7.02(d).
Escrow End Date has the meaning specified in the Escrow Agreement.
Buyer Closing Certificate has the meaning set forth in Section 7.03(d).
Second Closing Date means the date of the Second Closing.
Merger Date means the closing date of a Merger Event or, where a closing date cannot be determined under the local law applicable to such Merger Event, such other date as determined by the Calculation Agent.
Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.
Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.
Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;
Termination Time means the time at which the right to exercise Rights shall terminate pursuant to Section 5.1 hereof.
Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).
Pre-Closing Taxable Period means any taxable period ending on or before the Closing Date.
Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.
Effective Time has the meaning set forth in Section 2.2.
Second Closing has the meaning set forth in Section 2.2.
Pre-Closing Reorganization has the meaning set forth in the Recitals.

Escrow Release Effective Time definition

Filter & Search

Related Definitions

Related to Escrow Release Effective Time