Examples of Merger Condition in a sentence
Joint Response of the District of Columbia Government and the Office of the People's Counsel to AltaGas’ January 2 Compliance Filing with Respect to Merger Condition No. 5, filed January 18, 2019.
This endorsement is used to amend the Consolidation and Merger Condition to establish a threshold (with respect to the size of the transaction) below which the insured is not required to provide the insurer notice of a merger or consolidation or to seek consent for coverage of the newly acquired entity.
If the condition has not been fulfilled or waived prior to that date, Closing must instead take place on the date which is 5 Business Days after the Merger Condition has been fulfilled or waived, or such other date as mutually agreed by the Parties.
The Issuers shall promptly notify the Trustee in writing if the Merger Condition is not fulfilled at or prior to 5:30 p.m. (New York City time) on the Merger Outside Date.
In the event that the Merger Agreement is validly terminated in accordance with its terms prior to a Partial Acquisition or if the Merger Condition is satisfied, this Agreement shall automatically and immediately terminate and become null and void and be of no further force or effect, and the parties shall have no obligations hereunder.