Rescission Event definition

Rescission Event has the meaning set forth in Section 5.1.

Rescission Event with respect to the Assets means (a) the determination by any court, regulatory body, administrative agency, governmental body, arbitrator or other authority agency or regulatory authority that the TRMC Contribution (i) is void or invalid or (ii) requires a governmental approval with respect to the transfer of the Tankage or the Avon Wharf Pipeway which was not obtained by TRMC prior to such determination, and, in case of either clause (i) or clause (ii), which TRMC fails to cure within twenty-four (24) months following such determination; or (b) the revocation, termination or TRMC’s material breach of the License Agreement.

Rescission Event any of the events set out in clause 7 below. The Seller and the Buyer agree that all of the provisions in the Original Agreement (as varied by this agreement) are hereby deemed to be incorporated in this agreement:

Examples of Rescission Event in a sentence

• The mailing included a copy of the survey, a postage-paid business reply envelope, and a form to fill out to participate in a raffle to win one of four gift cards (valued at $100, $50, and two at $25).

• Upon the occurrence of a Rescission Event that has not been cured, regardless of the time period set forth in Section 5.1(a), the Operating Company shall have the right, but not the obligation, to rescind the Partnership Contribution and the TRMC Contribution by providing written notice to TRMC.

• In the event that a Participant engages in conduct that constitutes a Rescission Event before, or during the one-year period after, any exercise of the Option, such exercise may be rescinded by the Partnership within two years after the Participant engages in such conduct.

• Upon the occurrence of a Rescission Event, the Operating Company shall have the right, but not the obligation, to rescind the contribution of interests in the Xxxxxxxx Terminal Property as contemplated by this Agreement by providing written notice to TRMC.

• In 2011, Plaintiff signed a one-year residency contract with UCMC that was subject to renewal in the spring of 2012.

More Definitions of Rescission Event

Rescission Event any of the events set out in clause 6 below.

Rescission Event. As defined in Section 1(b)(8) of the Agreement.

Rescission Event the withdrawal by the FTC of, or the imposition by the FTC of conditions on, its final approval of the Provisional Consent Decree resulting in the exercise by any party to the Acquisition Agreement of its right to rescind the transactions consummated pursuant to the Acquisition Agreement and to terminate the Acquisition Agreement.

Rescission Event means the occurrence of any of the following events without the Executive's written consent: (A) any reduction in the Executive's base salary, annual target bonus opportunity or annual long term incentive opportunity, in each case, as in effect on the date hereof, (B) a relocation of 20 miles or more of the Executive's primary place of employment on the date hereof, (C) the failure for any reason of Xxxxx Xxx to serve (I) as Chief Executive Officer of the Company prior to consummation of the Transactions or (II) as Chief Executive Officer of the ultimate parent company of the Company (or its successor) after the consummation of the Transaction, (D) the assignment of duties or responsibilities (but excluding reporting responsibilities) that are a material diminishment of those in effect as of the date hereof or (E) any material diminution or adverse change to the Executive's titles, duties, responsibilities or reporting requirements from those assigned to the Executive by Xxxxx Xxx (in his capacity as Chief Executive Officer) with effect immediately after the consummation of the Transactions; provided that a "Rescission Event" shall not be deemed to exist pursuant to Clauses (A), (B) or (D) unless the Executive provides the Company with written notice within 30 days of the occurrence of the event that purportedly constitutes the Rescission Event and the Company or its affiliates fails to fully cure such event within 10 business days of receipt of such notice;

Rescission Event with respect to the Tankage, means (a) the determination by any court, regulatory body, administrative agency, governmental body, arbitrator or other authority agency or regulatory authority that the TRMC Contribution (i) is void or invalid or (ii) requires a governmental approval with respect to the transfer of the Tankage which was not obtained by TRMC prior to such determination, and, in case of either clause (i) or clause (ii), which TRMC fails to cure within twenty-four (24) months following such determination; or (b) the revocation, termination or TRMC’s material breach of the License Agreement.

Rescission Event has the meaning set forth in Section 5.1. “Second Closing Date” has the meaning set forth in Section 2.8(b). “Second Closing Purchase Price” means $178,387,434.

Rescission Event shall have the meaning given such term in Section 3.4.