Time of Closing definition
Examples of Time of Closing in a sentence
Until the Time of Closing, the assets utilized in Operations shall be at the risk of the Seller.
The failure of the Seller to obtain any Consent (other than the Seller Consents) will not materially adversely affect the ability of the Buyer to operate the Business following the Time of Closing.
There are, and as of the Time of Closing shall be, no outstanding bonds, debentures or other evidences of indebtedness of any Seller Subsidiaries, or any outstanding cash-settled incentive arrangement, except as listed in Section 4.6(b) of the Seller Disclosure Letter, none of which carry any right to vote with the holders of the outstanding the Purchased Shares or the holders of any other outstanding Equity Securities of any Seller Subsidiaries on any matters.
Other than as set out in Section 4.6(d) of the Seller Disclosure Letter, no other securities of the Seller Subsidiaries are outstanding, or as of the Time of Closing shall be outstanding; and there are no, and there shall not be at the Time of Closing any, outstanding contractual or other obligations of any Seller Subsidiary to cancel, re-purchase, redeem or otherwise acquire any of its securities or with respect to the voting or disposition of any of its outstanding securities.
Subject to compliance with the terms and conditions hereof, the transfer of the Purchased Shares shall be deemed to take effect as at the Time of Closing on the Closing Date or on such other date as the Seller on the one hand and the Buyer on the other hand, may mutually determine in writing, provided that the Closing Date shall occur no later than the Outside Date.