Lockbox Date definition

Lockbox Date means 11:59 p.m. local time on a date agreed to by CPLP and DSS LP (provided that, if they fail to agree, the Lockbox Date will be 11:59 p.m. local time on the last day of the month in which this information statement becomes effective, but not earlier than December 31, 2018).

Lockbox Date means 11:59 p.m. local time on February 20, 2019.

Lockbox Date means February 20, 2016.

Examples of Lockbox Date in a sentence

• If following the Lockbox Date, the Company or any of its Subsidiaries realizes any refund or credit of Taxes of the Company or its Subsidiaries, as applicable, which are of a type for which the Seller has an indemnification obligation under Section 8.1(a), the Company shall pay to the Seller the amount so realized, net of any cost (including any Tax cost) of obtaining any such refund or utilizing any such credit.

• The unpaid Taxes of each Target Company for taxable periods (or portions thereof) through the Tax Lockbox Date do not exceed the accruals and reserves for Taxes (excluding accruals and reserves for deferred Taxes established to reflect timing differences between book and Tax income) reflected on the Financial Statements, as adjusted for the passage of time through the Tax Lockbox Date in accordance with GAAP.

• The evaluation team should consider the role of these factors in how BASICS II has worked in carrying out its key functions, and indirectly, their importance in the design of any follow on effort.

• On November 27, 2018, CPLP and DSS LP entered into the Transaction Agreement pursuant to which Diamond S received, via contribution from CPLP, CPLP’s crude and product tankers and associated inventories, $10 million in cash plus the amount of charter hire received in advance but not yet earned and net payments received from the Lockbox Date with specific arrangements relating to the funding of working capital, and such assets were combined with DSS LP’s business and operations.

• Since the Lockbox Date, neither the Company nor any of its Subsidiaries has incurred any Tax (for the avoidance of doubt, including any interest, penalties or additions to Tax with respect thereto), other than for Taxes relating to the ordinary course of business conducted by the Company and its Subsidiaries consistent with past practice.

More Definitions of Lockbox Date

Lockbox Date has the meaning set forth in Section 4.01(c).

Lockbox Date means December 31, 2021. “Lockbox Period” means the period from (but excluding) the Lockbox Date through (and including) the Closing Date. “Material Adverse Effect” means a material adverse effect upon the financial condition, business, or results of operations of the Companies or their Subsidiaries, taken as a whole (after taking into account any coverage in respect thereof under existing insurance policies); provided, however, that none of the following (or the results thereof) shall be taken into account, either alone or in combination, in determining whether a Material Adverse Effect has occurred: (a) changes to general economic, banking, currency or capital market conditions, (b) any political conditions, including political instability or other calamity, crisis or emergency, acts of war, declared or undeclared, outbreaks or escalations of hostilities, or acts or threats of terrorism, ( c) changes in IFRS or similar accounting standards, (d) changes in any Laws including the interpretation or enforcement thereof, (e) any change, effect, fact, event, development, occurrence and/or condition that is generally applicable to the industries or markets in which the Companies operate, (f) the execution or performance of this Agreement, the consummation of the Transactions or the announcement of the Transactions (including by reason of the identity of Buyer) or any communication by Buyer or any of its Affiliates regarding their respective plans or intentions with respect to the business of the Companies, and including the impact thereof on relationships with customers, vendors, partners or employees, (g) any failure by the Companies to meet any internal or published projections, forecasts or revenue or earnings predictions for any period ending on or after the date of this Agreement (provided, however, that the underlying causes of such failure (subject to the other provisions of this definition) shall not be excluded by this clause (g)), (h) any action or omission pursuant to this Agreement or at the request of or with the prior written consent of Buyer or not taken because Buyer did not grant a consent hereunder, (i) hurricanes, earthquakes, storms, floods or other natural disasters, epidemics, pandemics, other outbreak s of illness (including COVID-19 and any COVID-19 Measures and all other actions taken in connection with, related to, or in respect of COVID-19 and/or resulting therefrom) or acts of God or (j) any matter involving the Companies which has b...

Lockbox Date means October 1, 2022.

Lockbox Date means March 31, 2021.

Lockbox Date means April 30, 2016.

Lockbox Date has the meaning set forth in Section 2.11.

Lockbox Date means September 30, 2019.