Lapse Date definition

Lapse Date has the meaning assigned to such term in Section 2.1(b).

Lapse Date shall have the meaning set forth in Section 3(b) hereof.

Lapse Date shall have the meaning set forth in Section 6.22.

Examples of Lapse Date in a sentence

• However, failure to pay a renewal premium will not impair or terminate coverage for Defaults occurring prior to the Lapse Date.

• If the renewal premium is not paid by the last day of the grace period provided above, then the liability of the Company shall terminate as of 12:01 a.m. on the later of the last anniversary of the Effective Date through which the premium has been paid, or, if a non-payment notice is required by applicable law, the last day of the cure period specified in such non-payment notice or as may be required by applicable law (the "Lapse Date").

• None of the Restricted Shares, nor any beneficial interest therein, shall be sold, assigned, pledged or otherwise transferred, voluntarily or involuntarily, prior to the Lapse Date.

• Until the Lapse Date, the Dividend Shares shall be subject to the restrictions on transfer set forth in §3, above.

• Notwithstanding the foregoing, any cash dividends or other cash distributions paid on the Restricted Shares prior to the Lapse Date shall be automatically reinvested in common shares of the Company (the “Dividend Shares”) pursuant to the terms of the Company’s dividend reinvestment and stock purchase plan and shall be held in an account with Fidelity, or its successor, under the Awardee’s name.

More Definitions of Lapse Date

Lapse Date means, with reference to a security that is being distributed under subsection 53 (1) or this section, the date that is 12 months after the date of the most recent prospectus relating to the security. 2001, c. 23, s. 212 (1).

Lapse Date means, with reference to the distribution of a security that has been qualified under a simplified prospectus, the date that is 12 months after the date of the most recent simplified prospectus relating to the security.

Lapse Date means the earlier of (x) the fifth anniversary of the Closing Date and (y) the date of the sale, exchange or other disposition by Vestar and its Affiliates, in one or a series of transactions (including, without limitation, by way of merger, reorganization, recapitalization, consolidation, sale of capital stock or assets of Sheridan or any other Subsidiary of the Company, or similar transaction that results in the disposition, directly or indirectly, of the equity interests of Vestar and its Affiliates (other than the Management Investors) in the Company) (collectively, an "Exit Transaction") of 70% or more of the sum of (1) its equity interest in the Company immediately following the Closing Date plus (2) any additional capital contributions to, or investments in, the Company made by any of Vestar and its Affiliates after the Closing Date (clauses (1) and (2), collectively, the "Aggregate Investment"); provided that, in the case of clause (y), either (A) the consideration received by Vestar and its Affiliates in the Exit Transaction for 70% or more of the Aggregate Investment is cash or securities that are distributed in kind to the limited partners of Vestar Capital Partners III, L.P. and its Affiliates, or a combination thereof, (B) the Exit Transaction results in (i) designees of Vestar and its Affiliates not constituting a majority of the Board of Directors (or analogous governing body) of the Company and (ii) Vestar and its Affiliates not beneficially owning securities of the Company which constitute at least a majority of the voting power of all outstanding securities of the Company entitled to vote generally in the election of directors (or members of an analogous governing body) of the Company.

Lapse Date shall have the meaning set forth in the Securityholders Agreement.

Lapse Date has the meaning set forth in Section 2(a) hereof.

Lapse Date has the meaning set forth in Section 3.1.

Lapse Date means the date that the Transfer Restriction Period ends.