Longstop Time definition

Longstop Time means, 11:59 p.m. (New York City time) on the date that is eleven (11) months following the release of the Relevant Rule 2.7 Announcement, or, in the event that the Offer has been declared wholly unconditional in the fourteen (14) days prior to such time, 11:59 p.m. (New York City time) on the date that is fourteen (14) days after the date on which the Offer has been declared wholly unconditional (or, in each case, such later date as may be agreed by the Administrative Agent (acting with the consent of all Lenders)).

Longstop Time means 11.59 pm Hong Kong time on 1 December 2016 (or such other time and date as may be agreed between the Parent and the Continuing Lender).

Longstop Time means 12:00pm GMT on 30 November 2012 or, in the event of a Commission Referral, 12:00pm GMT on 31 January 2013, or such later time and date as may be agreed in writing between the Sellers’ Representative and the Purchaser;

Examples of Longstop Time in a sentence

• If the condition precedent (a) is not satisfied on or before the Longstop Time, or other conditions precedent are not satisfied or waived on or before Completion, the Completion may be postponed by no more than ten (10) Business Days; or the Acquisition Agreement may be terminated.

• In the event (i) any of the conditions precedent in relation to the Vendor’s part to satisfy is not satisfied on or before the Longstop Time; or (ii) that Completion does not take place due to the Vendor’s non-compliance with the steps and deliverables required to be taken and provided by the Vendor upon Completion under the Acquisition Agreement, both of which resulting in the termination of the Acquisition Agreement, the Vendor shall refund the Initial Deposit to the Purchaser.

• In the event that (i) condition precedent (a) in relation to the Purchaser’s part to satisfy is not satisfied on or before the Longstop Time, provided that the non-satisfaction is not due to the Vendor’s fault; or (ii) that Completion does not take place due to the Purchaser’s non-payment of the Consideration, both of which resulting in the termination of the Acquisition Agreement, the Initial Deposit will be retained by the Vendor.

• SPA (SHS-Huadian) shall terminate automatically at the Longstop Time if any Condition has not then been satisfied or waived (if permitted).

• If any Condition has not been satisfied or waived or (other than in relation to the Condition in clause 5.1.9) becomes incapable of satisfaction by the Longstop Time, either Partner may terminate this Agreement by notice to the other Partner and the Company.

More Definitions of Longstop Time

Longstop Time means 10:00 a.m. London time on 7 April 2022, or any later date, if so agreed in writing between the Parties, in their absolute discretion.

Longstop Time means 11.59pm on 2 June 2023, or such other time and date as may be agreed in writing between the Seller and the Purchaser; "Loss" means costs, losses, charges, expenses (including without limitation legal fees and VAT thereon, whether recoverable or otherwise), liabilities, fines, fees, settlements, demands, claims, actions, suits, penalties, payments, damages, adverse judgments or orders or other sanctions and “Losses” shall be construed accordingly;

Longstop Time means 22 December 2023 at 5:00 pm (New York Time) or such later date and time as may be agreed pursuant to the Restructuring Support Agreement.

Longstop Time means 30 June 2025 or such later date and time as may be agreed.

Longstop Time means, 11:59 p.m. (New York City time) on the date that is eleven (11) months following the release of the Relevant Rule 2.7 Announcement, or, in the event that the Offer has been declared wholly unconditional in the fourteen (14) days prior to such time, 11:59 p.m. (New York City time) on the date that is fourteen (14) days after the date on which the Offer has been declared wholly unconditional (or, in each case, such later date as may be agreed by the Administrative Agent (acting with the consent of all Lenders)). “Major Subsidiary” means any Subsidiary of the Borrower which has at any time total assets (after intercompany eliminations) exceeding 10% of Consolidated Assets. “Material Acquisition” means any Acquisition the total consideration for which is equal to or greater than $400,000,000. “Material Adverse Effect” means a material adverse effect on (a) the financial condition, results of operations, business or Property of the Borrower and its Subsidiaries taken as a whole or (b) the rights of or remedies available to the Lenders or the Administrative Agent against the Borrower under the Loan Documents, taken as a whole. “Multiemployer Plan” means a multiemployer plan as defined in Section 3(37) of ERISA that is subject to Title IV of ERISA and to which the Borrower, any Subsidiary or any member of the Controlled Group makes contributions, is obligated to make contributions or has any liability. “Net Cash Proceeds” means: (a) with respect to any Asset Sale by the Borrower or any of its Domestic Subsidiaries, the excess, if any, of (i) the cash or cash equivalents received by the Borrower or its Domestic Subsidiaries in connection therewith (including any cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or other non-cash proceeds, but only as and when so received) over (ii) the sum, without duplication, of (A) payments to retire any debt that is required to be repaid in connection therewith (other than Advances under the Credit Facility), (B) the fees and expenses incurred by the Borrower or any of its Subsidiaries in connection therewith, (C) in the case of a sale, transfer,

Longstop Time means September l, 2020 at 5:00 pm (New York Time) or such later date and time agreed in writing by the Company and the Ad Hoc Group.

Longstop Time means midnight in Malta on the 30 April 2012;