Examples of Funding and Consummation Date in a sentence
The obligations of the parties under this Article 14 shall survive the termination of this Agreement for a period of five years from the Funding and Consummation Date.
In the event that the Funding and Consummation Date does not occur, then the release instrument referenced herein shall be void and of no further force or effect.
The aggregate fair market value (determined as of the time an incentive stock option is granted) of the Common Stock with respect to which Incentive Stock Options are exercis- able for the first time by any Employee during any one calendar year (under all plans of the Company and any parent or subsidiary of the Company) may not exceed the maximum amount permitted under Section 422 of the Code (currently one hundred thousand dollars ($100,000.00)).
All of such insurance policies are currently in full force and effect and shall remain in full force and effect through the Funding and Consummation Date.
This Agreement shall in any event terminate if the Funding and Consummation Date has not occurred within 15 business days of the Closing Date.
The date on which the actions described in the preceding clauses (x), (y) and (z) occurs shall be referred to as the "Funding and Consummation Date." During the period from the Closing Date to the Funding and Consummation Date, this Agreement may only be terminated by the parties if the underwriting agreement in respect of the IPO is terminated pursuant to the terms of such underwriting agreement.
Any act or action of the Stockholders in consummating the Closing or delivering certificates representing Company Stock as of the Funding and Consummation Date shall constitute a waiver of any conditions not so satisfied.
In the event that there is no Funding and Consummation Date and this Agreement automatically terminates as provided in this Section 4, the Articles of Merger shall not be filed and shall be returned to the Stockholders.
TCI shall use reasonable efforts, including offering its own guarantee, to have the Stockholders released from any and all guarantees of the Company's indebtedness identified on Schedule 10.1. In the event that TCI cannot obtain such releases from the lenders of any such guaranteed indebtedness identified on Schedule 10.1 on or prior to 60 days subsequent to the Funding and Consummation Date, TCI shall promptly pay off or otherwise refinance or retire such indebtedness.
Prior to the Funding and Consummation Date, TCI shall maintain its authorized capital stock as set forth in the Registration Statement filed with the SEC except for such changes in authorized capital stock as are made to respond to comments made by the SEC or requirements of any exchange or automated trading system for which application is made to register the TCI Stock and any changes necessary or advisable in order to permit the delivery of the opinion contemplated by Section 8.12 hereof.