Transaction Failure Date means the 18-month anniversary of the Effective Date (or the 24 month anniversary of the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating thereto has not yet been consummated within such 18-month period).
Transaction Failure Date means if a Transaction Failure first occurs as a result of the failure described in clause (i) of the definition of “Transaction Failure”, the eighteen-month anniversary of the Effective Date, and if a Transaction Failure first occurs as a result of the failure described in clause (ii) of the definition of “Transaction Failure”, the second anniversary of the Effective Date.
Transaction Failure Date means the date upon which a Transaction Failure occurs, as conclusively established by a majority of the Independent Directors of the Company immediately following a Transaction Failure.
Examples of Transaction Failure Date in a sentence
In the event the Company does not consummate a Business Combination by the Transaction Failure Date, the undersigned hereby agrees to assume personally the responsibility to pay the balance of the lease payments for the remainder of the lease term under the lease agreement dated April 9, 2007 with Gateway Ridgecrest, Inc., as lessor.
More Definitions of Transaction Failure Date
Transaction Failure Date means the 24-month anniversary of the closing of the IPO or, if approved by the shareholders in accordance with Section Sixth of the Company’s Articles of Incorporation, the last day of the 36-month extended period.
Transaction Failure Date means (i) the date eighteen (18) months following the closing date of the IPO, or (ii) the date twenty-four (24) months following the closing date of the IPO if a letter of intent, agreement in principle or definitive agreement is executed within eighteen months following the closing date of the IPO.
Transaction Failure Date means the 24-month anniversary of the Effective Date.
Transaction Failure Date means the 18-month anniversary of the closing of the IPO (or the 24-month anniversary of the closing of the IPO, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the closing of the IPO and the Business Combination relating thereto has not yet been consummated within such 18-month period).
Transaction Failure Date means if a Transaction Failure first occurs as a result of the failure described in clause (i) of the definition of "Transaction Failure", the 18-month anniversary of the Effective Date, and if a Transaction Failure first occurs as a result of the failure described in clause (ii) of the definition of "Transaction Failure", the second anniversary of the Effective Date.
Transaction Failure Date means the date upon which a Transaction Failure occurs.
Transaction Failure Date means the 18-month anniversary of the Effective Date (or the 24 month anniversary of the Effective Date, if a letter of intent, agreement in principle or definitive agreement has been executed within 18 months after the Effective Date and the Business Combination relating thereto has not yet been consummated within such 24-month period).