Local Closing definition

Local Closing has the meaning set forth in Section 3.01.

Local Closing means, with respect to a Deferred Market, the later of the consummation of the separation of any Deferred SpinCo Local Business in a Deferred Market and the transfer of the shares of the relevant Deferred Market entity to SpinCo or any SpinCo Subsidiary.

Local Closing means, as applicable, (i) with respect to a Deferred Market, the later of the consummation of the separation of any Deferred Organon Local Business in a Deferred Market and the transfer of the shares of the relevant Deferred Market entity to the Organon Group and (ii) with respect to an IOM Market, the termination of the operation by Merck of any activities of the Organon Business in the relevant IOM Market.

Examples of Local Closing in a sentence

• This Section 2.04(c) shall apply mutatis mutandis to each Local Closing of a Deferred Organon Local Business.

• The Net Proceeds shall be paid in US Dollars converted from Local Currency using the Exchange Rate published two (2) days prior to the applicable Local Closing Date.

• The purchase price plus any applicable Conveyance Taxes shall be paid by or on behalf of the distributor in US Dollars or in Local Currency converted from the US Dollar amount using the Exchange Rate published two (2) days prior to the applicable Local Closing Date.

• Any amount due under this Section 3.07 shall be paid in US Dollars within thirty (30) days of the filing of the relevant income Tax Return by the Local Abbott Entity that includes the Local Closing using the applicable Average Rate at the time such payment is made.

• The Conveyance and Assumption Instruments for a Local Closing shall be substantially in the same form as those used by the Parties or their respective Subsidiaries, as applicable, in connection with the contribution, assignment, transfer, conveyance and delivery of the Assets and the transfer of the Liabilities of the AbbVie Business prior to the Distribution Date.

More Definitions of Local Closing

Local Closing means powered closing by intervention of the passenger.

Local Closing has the meaning set forth in Section 4.2(c)(v).

Local Closing means the transactions that occur on the Closing Date.

Local Closing means the closing of any Deferred Transfer.

Local Closing has the meaning set forth in Section 2.3(b).

Local Closing. At the Local Closing, the Seller shall cause KL2 to, and KL2 shall, execute with BASF Handels- und Export GmbH, and the Purchaser shall cause BASF Handels- und Export GmbH to, and BASF Handels- und Export GmbH shall, execute with KL2, in notarially recorded form (notariell beurkundet), an assignment agreement, substantially in the form attached as Exhibit E (the “Assignment Agreement”).”

Local Closing means, as applicable, (i) with respect to a Deferred Market, the later of the consummation of the separation of any Deferred Organon Local Business in a Deferred Market and the transfer of the shares of the relevant Deferred Market entity to Organon or any Organon Subsidiary and (ii) with respect to an IOM Market, the termination of the operation by Merck of those covered activities of the Organon Business in the relevant IOM Market pursuant to the relevant Interim Operating Agreement.