Reservation Date definition
Examples of Reservation Date in a sentence
Notwithstanding anything to the contrary set forth herein, the rights and the obligations hereunder shall survive the Reservation Date.
On or prior to the applicable Reservation Date, Founder shall advise the Company in writing of (i) whether Founder intends to exercise its Capital Priority Right and (ii) how much of the Priority Amount Founder intends to use for its activities pursuant to the Program Documents during the Reservation Period (such amount, the “Reserved Priority Amount”).
Any amounts designated as outstanding Reserved Deal Capital on any Reservation Date shall be treated as additional capital reserved for Founder Parties and shall not be included in the calculation for purposes of determining the Priority Amount for that Reservation Date.
In the event a New Lease is executed during the First or Second Segment, but it does not become a Qualified Lease until after the expiration of the Earn-Out Period, but prior to the Lease Reservation Date, Purchaser, subject to the satisfaction of the Earn-Out Conditions, shall pay to Seller at the time aforesaid, an amount equal to the Earn-Out Payment computed in respect to such subsequent Qualified Lease.
If, however, Lost Priority Capital becomes subject to a Third-Party Commitment, the Company may use that amount for such Third-Party Commitment and it shall not added back to the Priority Amount at the next Reservation Date.