Locked Box Period definition

Locked Box Period means the period from the Locked Box Date ending on Closing;

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Locked Box Period means the period from (but including) the Locked-Box Date until (and including) the Closing Date (but immediately prior to

Locked Box Period has the meaning set forth in Section 2.7(b).

Examples of Locked Box Period in a sentence

The Leakage Amount shall be deemed to be equal to (i) the amount of Leakage during or for the Locked Box Period, whether payable during or after the Locked Box Period, less (ii) the Leakage Tax Benefit Amount.
Each Seller undertakes to pay to the Buyer on demand an amount in cash equal to the amount of any Leakage received by such Seller or any member of such Seller’s Seller Group during the Locked Box Period.
Set forth in Section 3.4(f) of the Disclosure Schedule (the “Leakage Schedule”) are all current arrangements or agreements that have resulted in, or would reasonably be expected to result in, Leakage during the Locked Box Period, the amounts of such Leakage as of August 15, 2019 and expected amounts of such Leakage as of September 30, 2019.
Each Vendor agrees that during the Locked Box Period: (a) there has not been, and will not be, any Leakage, other than the Transaction Fees; and (b) no arrangement or agreement has been or will be made that will result in any Leakage, except for any arrangement or agreement giving rise to Transaction Fees.
In the event of any Leakage during the Locked Box Period, the Seller shall, with effect from Closing, on demand by ▇▇▇▇ MidCo (a “Leakage Demand Notice”) pay to ▇▇▇▇ MidCo by way of adjustment to the NGGH Consideration an amount in cash equal to the cash or cash equivalent value of such Leakage plus an amount equal to interest calculated by applying a rate of 5 per cent.

More Definitions of Locked Box Period

Locked Box Period means the period starting at 00:01 hours (EET) on 1 October 2017 and ending upon the Closing.

Locked Box Period means the period from (and including) 1 April 2022 to (and including) the Completion Date.

Locked Box Period the period commencing on (and including) the day immediately following the Locked Box Date and ending on the Completion Date “Longstop Date” 31 March 2022 or such other date as the Parties may agree in writing “Newco” a newly formed private limited company incorporated in the UK which is wholly owned by the Seller immediately prior to Completion

Locked Box Period means the period between 12.01 a.m. on the date following the Locked Box Date up to (and including) the Closing Date; “Long Stop Date” means 29 September 2023;

Locked Box Period means the period from (but excluding) the Locked-Box Date until (and including) the Closing Date (but immediately prior to Closing); "Loss" shall mean any damages (dommages) or losses (pertes) legally qualifying as préjudice prévisible, certain et direct under French Law (but excluding any damages or losses which are contingent, potential, unforeseen, consequential or punitive, any loss of future revenues, income or profits (manque à gagner), and any loss of opportunity (perte d’une chance)); DocuSign Envelope ID: E60EED85-CC73-497B-9AB2-4E7133D1B558

Locked Box Period means the period from (and including) 1 January 2022 to (and including) the Completion Date. "Long Stop Date" means 31 March 2022. "Management Balance Sheet" means the balance sheet of a Subsidiary as of the Valuation Date prepared in accordance with GAAP consistently applied in a form prepared by Golar Management on its behalf as part of such Subsidiary's annual financial statements for the accounting year 2021. "ManCo Agreement" has the meaning given to it in Recital (G). "Net Asset Value" has the meaning given to it in Clause 2.2.4. "New Bank Loan" means a senior secured loan facility of up to USD 570 mill. to be provided to the Subsidiaries (other than those party to the Continuing Lease Agreements) by the Finance Providers for the purpose of financing the purchase price for their respective Vessels on completion of the Purchase Options and refinancing the Existing Bank Loan at Completion. “New Bank Loan Agreement” means an agreement between the Finance Providers of the Subsidiaries not party to the Continuing Lease Agreements, such Subsidiaries and the Company which will be concluded based on the Term Sheet. "NFE" means New Fortress Energy Inc. “Permitted Encumbrance” means: (a) any Encumbrance in respect of Terminating Lease Agreement and the Existing Bank Loan before Completion; (b) any Encumbrance in respect of the New Bank Loan and the Continuing Lease Agreements;

Locked Box Period means from (and excluding) the Effective Time until Completion;