Time of commitment respecting a transaction means the time when the transaction is consummated or, if made pursuant to contract, the time when the corporation, or its subsidiary or the entity in which it has a controlling interest, becomes contractually obligated so that its unilateral withdrawal from the transaction would entail significant loss, liability or other damage.
Time of commitment respecting a transaction means the time when the transaction becomes effective or, if made pursuant to contract, the time when the corporation, or its subsidiary or the entity in which it has a controlling inter- est, becomes contractually obligated so that its unilateral withdrawal from the transaction would entail significant loss, liability, or other damage. [2015 c 20 § 3; 2009 c 189 § 30; 1989 c 165 § 116.]
Time of commitment respecting a transaction means the time when the transaction is consummated or, if made pursuant to contract, the time when the corporation or the entity controlled by the corporation becomes contractually obligated so that its unilateral withdrawal from the transaction would entail significant loss, liability, or other damage.
Examples of Time of commitment in a sentence
Time of commitment" respecting a transaction means the time when the transaction is consummated or, if made pursuant to contract, the time when the corporation or its subsidiary or the entity in which it has a controlling interest becomes contractually obligated so that its unilateral withdrawal from the transaction would entail significant loss, liability or other damage.Sec.
More Definitions of Time of commitment
Time of commitment as to a transaction means the time when the transaction is consummated or, if made pursuant to contract, the time when the Trust becomes contractually obligated so that its unilateral withdrawal from the transaction would entail significant loss, liability or other damage.
Time of commitment respecting a transaction means the time
Time of commitment respecting a transaction means the time when the transaction is consummated or, if made pursuant to contract, the time when the corporation, or its subsidiary or the entity in which it has a controlling interest, becomes contractually obligated so that its unilateral withdrawal from the transaction would entail significant loss, liability, or other damage.
Time of commitment as to a transaction means the time when the transaction is consummated or, if made pursuant to contract, the time when the Trust becomes contractually obligated so that its unilateral withdrawal from the transaction would entail significant loss, liability or other damage. "Related Person" of a Trustee means (a) the spouse (or a parent or sibling thereof) of the Trustee, or a child, grandchild, sibling, parent (or spouse of any thereof) of the Trustee, or an individual sharing the same residence as the Trustee, or a Trust or estate of which a Trustee or an individual specified in this definition is a substantial beneficiary or (b) a trust, estate, incompetent, conservatee or minor of which the Trustee is a fiduciary.
Time of commitment means, (i) respecting a Relevant Transaction, the time when the Relevant Transaction is consummated or, if made pursuant to contract, the time when the withdrawal from the Relevant Transaction would entail significant loss, liability or other damage to the Partnership (or its Affiliate) but in no event later than the time when the Partnership (or its Affiliate) becomes contractually obligated, and (ii) respecting a Relevant Matter, the time when Partnership Committee Action has been taken and is communicated by the Managing General Partner to the relevant parties and such other action is taken so that the unilateral withdrawal of such Partnership Committee Action would entail significant loss, liability, or other damage (including to the reputation or credibility of the Partnership).
Time of commitment respecting a Transaction means (a) the time when the Transaction is consummated or, if made pursuant to contract, the time when the Exchange, becomes contractually obligated so that its unilateral withdrawal from the Transaction would entail significant loss, liability, or other damage, or (b) such other time with regard to a Transaction, when a reasonable third party would expect that a potential conflict would be disclosed, even if a contract has not been executed or the Exchange has not become obligated.
Time of commitment respecting a transaction means the time when the transaction becomes effective or, if