Unwind definition

Unwind means, with respect to any Swap Agreement, the early termination, unwind, cancelation or other Disposition of any such Swap Agreement. “Unwound” shall have a meaning correlative to the foregoing.

Unwind. The Parties acknowledge that but for the anticipated IPO, the Parties would not have executed and delivered this Agreement or contemplated completing the Merger. As a consequence, in the event the Merger closes but the effective time of the IPO does not occur by September 30, 2022, the Parties intend, for all legal and Tax purposes, to rescind the Merger (the “Rescission”) and to put the Parties to where they would have been had they not executed and delivered this Agreement and consummated the Merger. To allow for the Rescission, the Parties agree that the Surviving Entity will operate independently to the extent reasonably possible from the date hereof until the IPO occurs. In the event the IPO does not occur by September 30, 2022, or Holdings learns prior to that time that the IPO will not occur, Holdings will give prompt written notice to the Surviving Entity’s board of directors. Upon receipt of such notice, the Parties agree to execute all documents and take all necessary actions and consummate all necessary transactions to accomplish the Rescission for legal and Tax purposes by restoring the Parties to the position, or as close as possible to the position, they would have been in had the Merger not been consummated; which may include the return of cash payments and Promissory Notes, repurchase of assets and re-issuance of stock. The Parties further agree that in the event the Rescission occurs, for Tax purposes, they will take (and will use their reasonable best efforts to cause the former Target Company Stockholders to take) the position that the Merger and the Rescission had not occurred. Each Party (and each of the former Target Company Stockholders) shall be solely responsible for all costs incurred by such Party (or such former Target Company Stockholder) as part of the Rescission process.”

Unwind means the ability to return funds that were used to pay for a Purchase from Your DDA with the Pay Now™ feature, and to have the original Purchase placed back on to Your Account. You will have up to 30 calendar days to use the Unwind® feature for a Pay Now™ feature Purchase. When the Purchase posts back to Your Account, it will post with the original transaction date, and will be subject to interest charges according to the terms of Your Cardholder Agreement. We reserve the right to limit the total amount of your Unwind® feature requests from exceeding the available credit for Your Account.

Examples of Unwind in a sentence

• Party B acknowledges that (i) during any Unwind Period Party B shall not attempt to exercise any influence over how, when or whether to effect purchases of Shares by Party A (or its agent or affiliate) in connection with this Confirmation and (ii) Party B is entering into the Agreement and this Confirmation in good faith and not as part of a plan or scheme to evade compliance with federal securities laws including, without limitation, Rule 10b-5 promulgated under the Exchange Act.

• Party B hereby agrees with Party A that during any Unwind Period Party B shall not communicate, directly or indirectly, any Material Non-Public Information (as defined herein) to any Derivatives Personnel (as defined below).

• Rule 10b5-1: It is the intent of Party A and Party B that following any election of Cash Settlement or Net Share Settlement by Party B, the purchase of Shares by Party A during any Unwind Period comply with the requirements of Rule 10b5-1(c)(1)(i)(B) under the Exchange Act and that this Confirmation shall be interpreted to comply with the requirements of Rule 10b5-1(c).

• Counterparty acknowledges that under the terms of any Confirmation, any such notice may result in a Regulatory Disruption, a Trading Condition or an Acceleration Event or may affect the length of any ongoing Unwind Period; accordingly, Counterparty acknowledges that its delivery of such notice shall comply with the standards set forth in Section 7(f) of this Master Confirmation.

• If any Exchange Business Day during an Unwind Period for any Transaction is a Disrupted Day, the Calculation Agent shall make commercially reasonable adjustments to the terms of such Transaction (including, without limitation, the Cash Settlement Amount, the number of Net Share Settlement Shares and the 10b-18 VWAP) to account for the occurrence of such Disrupted Day.

More Definitions of Unwind

Unwind transaction “by means of an order requiring defendant . . . to divest” the defendant’s

Unwind means the continuing management of Prattsburgh’s rights, assets, obligations or liabilities for the purpose of selling, transferring or otherwise disposing of such rights and assets and/or the winding down of its business, which management may include (a) paying and discharging its taxes and other obligations as they become due, (b) maintaining or preserving its assets, Properties, licenses and Governmental Approvals, (c) performing, preserving, protecting and defending its rights and obligations whether under any agreements to which it is a party or otherwise existing or (d) taking any actions reasonably related thereto.

Unwind has the meaning assigned to such term in Section 9.19.

Unwind has the meaning set forth in Section 6.20(b).

Unwind means unwinding a Position or a set of Positions by executing an opposite Transaction or a set of opposite Transactions on the same amount of the same Financial Instrument as the Transaction that gave rise to the opening of the Position.

Unwind means a credit card account that is initially treated as a Credit Card Receivable but subsequently has a Z status placed on it through the First Data Resources System or other third party processor and is thereafter treated as if it never was a Credit Card Receivable under the Servicer's Unwind Policy.

Unwind means the unwind transaction of this Lease as set forth in Section 3.2(C).