Required Sale Date definition

Required Sale Date means the date immediately prior to July 21, 2015 (or the date immediately prior to such later date (to the extent applicable to the transactions contemplated hereby) as shall be determined by written order of the Board of Governors of the Federal Reserve System with respect to the required conformance with the Volcker Rule by banking entities generally); provided that, if the Administrative Agent receives an opinion of nationally recognized counsel satisfactory to it in its sole discretion that (A) the ownership of the Required Sale Assets will not cause the Borrower to be a “covered fund” under the Volcker Rule, (B) the Advances are not considered to constitute “ownership interests” under the Volcker Rule or (C) ownership of the Advances will be otherwise exempt from the Volcker Rule, then the Required Sale Date shall not occur; provided, further, that upon receipt of further official guidance from or on behalf of the Board of Governors of the Federal Reserve System with respect to compliance with the Volcker Rule, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith in respect of amendments or modifications to the Transaction Documents appropriate to assure compliance with or exemption from the Volcker Rule.
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Required Sale Date means the date immediately prior to July 21, 2015 (or the date immediately prior to such later date as shall be determined by written order of the Board of Governors of the Federal Reserve System with respect to the required conformance with the Xxxxxxx Rule by banking entities generally); provided that, if the Administrative Agent receives advice of nationally recognized counsel satisfactory to it in its sole discretion that (A) the ownership of the Required Sale Assets will not cause the Borrower to be a “covered fund” under the Xxxxxxx Rule, (B) the Advances are not considered to constitute “ownership interests” under the Xxxxxxx Rule or (C) ownership of the Advances will be otherwise exempt from the Xxxxxxx Rule, then the Required Sale Date shall not occur; provided, further, that upon receipt of further official guidance from or on behalf of the Board of Governors of the Federal Reserve System with respect to compliance with the Xxxxxxx Rule, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith in respect of amendments or modifications to the Transaction Documents appropriate to assure compliance with or exemption from the Xxxxxxx Rule.
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Required Sale Date means the date immediately prior to July 21, 2015 (or the date immediately prior to such later date (to the extent applicable to the transactions contemplated hereby) as shall be determined by written order of the Board of Governors of the Federal Reserve System with respect to the required conformance with the Xxxxxxx Rule by banking entities generally); provided that, if the Administrative Agent receives an opinion of nationally recognized counsel satisfactory to it in its sole discretion that (A) the ownership of the Required Sale Assets will not cause the Borrower to be a “covered fund” under the Xxxxxxx Rule, (B) the Advances are not considered to constitute “ownership interests” under the Xxxxxxx Rule or (C) ownership of the Advances will be otherwise exempt from the Xxxxxxx Rule, then the Required Sale Date shall not occur; provided, further, that upon receipt of further official guidance from or on behalf of the Board of Governors of the Federal Reserve System with respect to compliance with the Xxxxxxx Rule, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith in respect of amendments or modifications to the Transaction Documents appropriate to assure compliance with or exemption from the Xxxxxxx Rule.
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Examples of Required Sale Date in a sentence

  • Notwithstanding anything else in this Agreement to the contrary, the Borrower shall divest itself of all Required Sale Assets on or prior to the Required Sale Date.

  • Notwithstanding any restrictions or any other provisions to the contrary herein or in any other Transaction Document, the Borrower shall divest itself of all Required Sale Assets on or prior to the Required Sale Date.

  • On the Required Sale Date, the Drag-Along Sellers shall deliver, free and clear of all liens, claims or encumbrances, a certificate or certificates and/or other instrument or instruments for its Common Shares, duly endorsed and in proper form for transfer, with the signature guaranteed, to such transferee in the manner and at the address indicated in the Required Sale Notice and the Seller shall cause each Drag-Along Seller's share of the purchase price to be paid to such Drag-Along Seller.

  • On the Required Sale Date, each Minority Investor shall deliver certificates for all of its Common Stock, duly endorsed for transfer, to such Third Party in the manner and at the address indicated in the Required Sale Notice and the Seller shall cause each of the Minority Investors' share of the purchase price to be paid to the respective Minority Investor.

  • Section 2.01 Variable Funding Note and Advances 45 Section 2.02 Procedure for Advances 46 Section 2.03 Yield and Non-Usage Fees 47 Section 2.04 Remittance Procedures 48 Section 2.05 Instructions to the Collateral Agent and the Account Bank 51 Section 2.06 Borrowing Base Deficiency Payments 52 Section 2.07 Discretionary Sales, Substitutions, Lien Release Dividends, Purchases and the Required Sale Date 53 Section 2.08 Payments and Computations, Etc.

  • Notwithstanding anything else in this Agreement or the other Transaction Documents to the contrary, the Borrower shall divest itself of all Required Sale Assets on or prior to the Required Sale Date; provided, however, that the Administrative Agent may, in its sole discretion, give notice at any time to the Borrower to divest itself of any Required Sale Assets.

  • On the Required Sale Date, each Major Stockholder shall deliver certificates for all of its Common Stock, duly endorsed for transfer, to such Third Party in the manner and at the address indicated in the Required Sale Notice and the Holders shall cause each of the Major Stockholders' shares of the purchase price to be paid to the respective Major Stockholder.

  • On the Required Sale Date, each Stockholder shall deliver certificates for its Common Stock (to the extent necessary to effect the consummation of the bring-along transaction in accordance with this Section 8), duly endorsed for transfer, to such Third Party in the manner and at the address indicated in the Required Sale Notice and the Outside Stockholders shall cause the share of the purchase price of each Stockholder to be paid to such Stockholder.


More Definitions of Required Sale Date

Required Sale Date has the meaning ascribed to such term in Section 5.8;
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Required Sale Date means the date immediately prior to July 21, 2015 (or the date immediately prior to such later date (to the extent applicable to the transactions contemplated hereby) as shall be determined by written order of the Board of Governors of the Federal Reserve System with respect to the required conformance with the Volcker Rule by banking entities generally); provided that, if the Administrative Agent receives an opinion of nationally recognized counsel satisfactory to it in its sole discretion that (A) the ownership of the Required Sale Assets will not
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Required Sale Date means the date immediately prior to July 21, 2015 (or the date immediately prior to such later date (to the extent applicable to the transactions contemplated hereby) as shall be determined by written order of the Board of Governors of the Federal Reserve System with respect to the required conformance with the Xxxxxxx Rule by banking entities generally); provided that, if the Administrative Agent receives an opinion of nationally recognized counsel satisfactory to it in its sole discretion that (A) the ownership of the Required Sale Assets will not EXHIBIT A TO AMENDMENT NO. 56 cause the Borrower to be a “covered fund” under the Xxxxxxx Rule, (B) the Advances are not considered to constitute “ownership interests” under the Xxxxxxx Rule or (C) ownership of the Advances will be otherwise exempt from the Xxxxxxx Rule, then the Required Sale Date shall not occur; provided, further, that upon receipt of further official guidance from or on behalf of the Board of Governors of the Federal Reserve System with respect to compliance with the Xxxxxxx Rule, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith in respect of amendments or modifications to the Transaction Documents appropriate to assure compliance with or exemption from the Xxxxxxx Rule.
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Required Sale Date has the meaning specified in Section 4.3(b).
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Required Sale Date shall have the meaning set forth for such term in ------------------
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Related to Required Sale Date

  • Sale Date means the date that the Bonds are awarded by the District to the winning bidder.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Second Closing Date means the date of the Second Closing.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Assumed Final Distribution Date The Distribution Date occurring in November 2035.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • IPO Closing Date means the closing date of the IPO.

  • Outside Closing Date means the date which is 365 days after the earlier of the Firm Closing Date; or Second Tentative Closing Date; or such other date as may be mutually agreed upon in accordance with section 4. “Property” or “home” means the home including lands being acquired by the Purchaser from the Vendor. “Purchaser’s Termination Period” means the 30-day period during which the Purchaser may terminate the Purchase Agreement for delay, in accordance with paragraph 10(b).

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Servicing Transfer Date The date on which a Servicing Transfer occurs.

  • Purchase and Sale Termination Date has the meaning set forth in Section 1.4 of the Sale Agreement.

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

  • Investment End Date : means 11 November 2022, or if such day is not a Scheduled Trading Day, the following day which is a Scheduled Trading Day.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Anticipated Closing Date means the anticipated closing date of any proposed Qualified Sale Transaction, as determined in good faith by the Board of Directors on the Applicable Date.

  • Delayed Closing Date means the date, set in accordance with section 3, on which the Vendor agrees to Close, in the event the Vendor cannot Close on the Firm Closing Date.

  • Closing Transactions has the meaning set forth in Section 11.8(a) of these Bylaws.