Initial Expiration Time definition

Initial Expiration Time has the meaning set forth in Section 1.01(d).

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Initial Expiration Time means 11:59 p.m., New York City time, on the later of (a) the twentieth (20th) Business Day following (and including the day of) the Commencement Time (determined pursuant to Rule 14(d)-1(g)(3) promulgated under the Exchange Act), and (b) the twenty eighth (28th) day following (and not including the day of) the Commencement Time.

Initial Expiration Time has the meaning given to it in clause 2.1;

Examples of Initial Expiration Time in a sentence

• If the Stockholder acquires Shares after the date hereof, the Stockholder shall (A) tender or cause to be tendered such Shares on or before the fifth Business Day prior to the Initial Expiration Time or, if later, on or before the Business Day after such acquisition but in any event prior to the Expiration Time, and (B) not withdraw such Shares, or cause such Shares to be withdrawn, from the Offer at any time.

• Each Stockholder shall duly tender to Merger Sub during any Subsequent Offering Period provided by Merger Sub in accordance with the terms of the Offer, all of the Subject Shares, if any, which shall have been issued after the Initial Expiration Time.

• The Company shall use reasonable best efforts to obtain from each holder of an Option that is outstanding and unexercised at the Effective Time a written consent to the cancellation of the Option immediately prior to the Effective Time in exchange for the receipt of the consideration set forth in the prior sentence, all such written consents to be delivered to the Company (and a copy provided to Parent) prior to the Initial Expiration Time.

• Parent may not, without the express written consent of the Company, extend the Offer beyond the Initial Expiration Time.

• The Initial Expiration Time or, in the event the Initial Expiration Time has been extended pursuant to this Agreement (other than in connection with a Subsequent Offering Period as described in the following sentence), the date and time to which the Offer has been so extended is referred to herein as the “Expiration Time”.

• The term "Expiration Time" means the Initial Expiration Time or, if the Tender Offer is extended, the latest date and time to which the Tender Offer is so extended by the Offeror.

• It is the intent and agreement of the parties that (i) to the extent not exercised at or prior to the Initial Expiration Time, the Option to purchase 50,000 Shares shall expire at, and be of no further effect after, the Initial Expiration Time, and (ii) the Option to purchase the remaining 50,000 Shares shall expire at, and be of no further effect after, the end of the end of the Option Period.

• The Option may be exercised only one time prior to the Initial Expiration Time and only one time after the Initial Expiration Time (and in any case during the Option Period).

• Prior to the Initial Expiration Time and subject to the foregoing, the Company shall take all steps requested by Parent to ensure that no holder of any Company Option shall have the right to acquire any of the Surviving Corporation’s equity securities (or other interests in respect thereof) at any time following the Effective Time.

• If ▇▇▇▇▇▇ acquires Shares after the date hereof, ▇▇▇▇▇▇ shall (A) tender or cause to be tendered such Shares on or before the fifth Business Day prior to the Initial Expiration Time or, if later, on or before the Business Day after such acquisition but in any event prior to the Expiration Time, and (B) not withdraw such Shares, or cause such Shares to be withdrawn, from the Offer at any time.

More Definitions of Initial Expiration Time

Initial Expiration Time means the earliest of (i) June 30, 2013, (ii) the Investor Exchange Date and (iii) the date on which the Investor Percentage Interest falls below 7.2% (provided that, for the purposes of calculating the Investor Percentage Interest in clause (iii), Voting Stock issued to the Company’s officers and employees pursuant to the Company’s compensation (including incentive compensation) programs during the period following the date of this Agreement and ending on June 30, 2013, shall be disregarded). The Initial Expiration Time shall be calculated from time to time as of the close of business on the last NYSE trading day preceding the time of calculation (it being understood that, when determining the Initial Expiration Time for the purposes of clauses (i) and (ii) of (but not the proviso to) Section 2.01(c), the Investor Percentage Interest shall be calculated as of the close of business on the last NYSE trading day prior to the meeting of the Board the agenda for which includes nominating a slate of Directors).

Initial Expiration Time has the meaning set forth in Section 6.5(d).

Initial Expiration Time. Section 2.1(d) “Injunction” Section 7.4(f) “IRS” Section 5.9(a) “Measurement Date” Section 1.3(n) “Merger” Recitals