Two Year Anniversary definition
Examples of Two Year Anniversary in a sentence
The Exclusive Relationship will be effective upon the commencement of investment operations for the Fund (the “Effective Date”) and will automatically expire exactly 24 months after the Effective Date (the “Two Year Anniversary Date”) unless on the Two Year Anniversary Date, the total assets of the Fund are equal to or greater than $250 million.
The remaining Tracking Units (“Tranche 3”) shall vest on the Two Year Anniversary (“Tranche 3 Vesting Date”).
Within three (3) Business Days of the Two Year Anniversary of the Closing, ▇▇▇▇▇▇▇ shall (i) send a notice ("Sale Notice") to the Target Company and the Escrow Agent of the ▇▇▇▇▇▇▇ Protection Shares to be sold by the Target Company to ▇▇▇▇▇▇▇, if any, and (ii) deposit the Escrow Purchase Price with the Escrow Agent, if necessary.
The minimum Debt Service Coverage Ratio (as hereinafter defined), as calculated by Lender, shall be (a) 1.00 to 1 as tested within thirty (30) days following the One Year Anniversary Date (the “One Year Anniversary Date Debt Service Coverage Ratio Test”) and (b) 1.15 to 1 as tested at least thirty (30) days prior to the Two Year Anniversary Date but no more than sixty (60) days prior to the Two Year Anniversary Date (the “Two Year Anniversary Date Debt Service Coverage Ratio Test”).
All shares of Varsity Common Stock issued pursuant to Section 2.3(a) or Section 2.3(c) hereto, and all determinations of the Per Share Purchase Price, Two Year Anniversary Price and the per share value of the Varsity Common Stock, shall be equitably adjusted to account for stock splits, reclassifications, recombinations, reverse stock splits, stock dividends or other similar transactions with respect to the Varsity Common Stock occurring after the date hereof.
The Exclusive Relationship will be effective upon the commencement of investment operations for the Fund (the "Effective Date") and will automatically expire exactly 24 months after the Effective Date (the "Two Year Anniversary Date") unless on the Two Year Anniversary Date, the total assets of the Fund are equal to or greater than $250 million.
Except as set forth below, the restrictions on the shares subject to this restricted stock award shall lapse as follows, if Grantee is still serving as a director of the Company or an Affiliate on the applicable date(s): One Year Anniversary 331/3% Two Year Anniversary 662/3% Three Year Anniversary 100% Restrictions shall be deemed to lapse at the close of business on the applicable vesting date.
For the avoidance of doubt, unless the Sellers have foreclosed on the Pledged Stock pursuant to Section 2.3 of this Agreement, the Sellers will not have the power to vote or direct the vote of the Pledged Stock, nor will the Sellers have the power to dispose or direct the disposition of the Pledged Stock prior to the Two Year Anniversary Date.
The Agreement is amended such that on the two year anniversary of the Amendment Effective Date (“Amendment Two Year Anniversary”), either party may terminate the Agreement by providing notice to the other party no later than sixty (60) days prior to the Amendment Two Year Anniversary.
Except as set forth below, the restrictions on the shares subject to this restricted stock award shall lapse as follows, if Grantee is still employed with the Company or an Affiliate on the applicable date(s): One Year Anniversary 331/3% Two Year Anniversary 662/3% Three Year Anniversary 100% Restrictions shall be deemed to lapse at the close of business on the applicable vesting date.