Examples of Termination Effective Time in a sentence
The Bank shall have a reasonable after the Termination Effective Time to halt further transfers from the Account to the account specified by Agent in the Activation Effective Notice.
Each termination shall become effective on the Termination Effective Time.
The Company and Two Harbors acknowledge that the purpose and intent of this Agreement is to allow for and provide a means whereby three (3) individuals designated for nomination by Two Harbors and qualifying as Independent Directors may if elected serve on the Board of Directors of the Company during the period commencing with the IPO Date and terminating at the Termination Effective Time.
The Company and Two Harbors acknowledge that the purpose and intent of this Agreement is to allow for and provide a means whereby two (2) individuals designated for nomination by Two Harbors and qualifying as Independent Directors may if elected serve on the Board of Directors of the Company during the period commencing with the IPO Date and terminating at the Termination Effective Time.
Effective as of the Termination Effective Time, except as required by applicable Law, or in connection with any Claim not prohibited hereby, no Party shall, directly or indirectly, make any public statements or any private statements to third parties (in each case, oral or written) that would reasonably be understood as disparaging the business or conduct of any other Party or any of such Party’s Affiliates.
As of the Termination Effective Time, Business Employees shall cease to accrue or enjoy benefits under the Benefit Plans and shall commence accrual of benefits and participation in those compensation and employee benefit plans and benefit arrangements maintained by Buyer in which they are eligible to participate in accordance with the terms of such plans.
The Parties acknowledge and agree that, effective as of, and from and after, the Termination Effective Time, neither the Company Termination Fee nor the Parent Termination Fee shall be payable in connection with this Agreement, the Merger Agreement, the Termination or otherwise.
The “Extended Hedge Termination Date” shall mean the earliest to occur of (i) the Closing Date, (ii) the Termination Effective Time and (iii) May 31, 2017.
Each of the parties hereto agrees that, for the avoidance of doubt, because the PLA is being terminated pursuant to Section 13.2(a) of the PLA, none of AmericasActive: 17837840.467913862;4the parties hereto or their respective Affiliates is required, as of and after the Termination Effective Time, to comply with any of the provisions of Article 15 of the PLA.
As soon as reasonably practicable after the Termination Effective Time, Parent and the Company shall deliver a joint written instruction to the Escrow Agent notifying it of the termination of the Escrow Agreement.