Assumption Date Clause Samples

Assumption Date. Assumption Date" with respect to the Contracts shall be the date that all regulatory and judicial approval is received for the assumption of the Contracts and FSL accepts and assumes as its own direct obligation the Contract Liabilities.
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Assumption Date. The Payments Administrator shall give each Lender prompt written notice of the occurrence of the Assumption Date.
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Assumption Date. As used in this Agreement, the "Assumption Date" shall be the date set forth in an order issued by the Dane County Circuit Court in the State of Wisconsin on which NHIC must assume the Business in accordance with this Agreement. Notwithstanding the foregoing, in the event an applicable state regulatory body in any state in which the Business is in force requires approval of the assumption set forth herein, then the Assumption Date with respect to such state shall be the first quarter- end date (March 31, June 30, September 30 or December 31) after the date on which NHIC has obtained the required approval from such state regulatory body. It is the expectation of the Parties that within eighteen (18) months following the date of this Agreement, as set forth above, the Business in its entirety will have been assumed by NHIC as set forth in Section 2 below.
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Assumption Date. Assumption Date" shall mean the first date on which the --------------- Contingency occurs.
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Assumption Date. As used in this Agreement, the “Assumption Date” shall be the date set forth in an order issued by the Court on which JHUSA must assume the Assumed Business in accordance with this Agreement, or, if such date is other than the first day of an accounting quarter, the first day of the subsequent quarter in which such order is issued.
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Assumption Date. Defined in the Backup Servicing Agreement.
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Assumption Date. As used in this Agreement, the “Assumption Date” shall be the date set forth in an order issued by the Dane County Circuit Court in the State of Wisconsin on which ▇▇▇▇ must assume the Disability Business in accordance with this Agreement. Notwithstanding the foregoing, in the event an applicable state regulatory body in any state in which the Disability Business is in force requires approval of the assumption set forth herein, then the Assumption Date with respect to such state shall be the first quarter-end date (March 31, June 30, September 30 or December 31) after the date on which ▇▇▇▇ has obtained the required approval from such state regulatory body. It is the expectation of the Parties that within six (6) months following the date of this Agreement, as set forth above, the Disability Business in its entirety will have been assumed by ▇▇▇▇ as set forth in Section 2 below.
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Related to Assumption Date

  • Funding Date Each Lender’s obligations to make any Loan hereunder shall become effective upon the satisfaction or waiver (in accordance with Section 8.02) of the following conditions on or after the Effective Date: (a) The Effective Date shall have occurred; (b) The Acquisition shall have been (or, substantially contemporaneously with the borrowing of the Loans, shall be) consummated in each case in all material respects in accordance with the terms set forth in the Acquisition Agreement after giving effect to any modifications, amendments, supplements, consents, waivers or requests, other than those modifications, amendments, supplements, consents, waivers or requests (including the effects of any such requests) by the Borrower that are materially adverse to the interests of the Lenders (it being understood that any modification, amendment, supplement, consent, waiver or request by the Borrower to the definition of Material Adverse Effect (as defined in the Acquisition Agreement) shall be deemed to be materially adverse to the interests of the Lenders and any consent or request made by the Borrower pursuant to Section 6.15 of the Acquisition Agreement and the Acquired Company’s compliance therewith shall not be deemed to be materially adverse to the interests of the Lenders), unless consented to in writing by the Arrangers (such consent not to be unreasonably withheld, conditioned or delayed); (c) The Administrative Agent shall have received (i) audited consolidated balance sheets and related audited statements of operations, stockholders’ equity and cash flows of the Borrower and the Acquired Company for each of the three fiscal years most recently ended at least 90 days prior to the Funding Date and (b) unaudited consolidated balance sheets and related unaudited statements of operations, stockholders’ equity and cash flows of the Borrower and the Acquired Company for each subsequent fiscal quarter ended at least 45 days prior to the Funding Date; provided that the filing of financial statements complying with the foregoing requirements on Form 10-K or Form 10-Q, as the case may be, by the Borrower or the Acquired Company will satisfy the applicable conditions set forth in this clause (c) of Section 4.

  • Extension of Closing Date (a) If Paragraph 8(b) is checked and Closing funds from Buyer’s lender(s) are not available on Closing Date due 55 to Consumer Financial Protection Bureau Closing Disclosure delivery requirements (“CFPB Requirements”), 56 then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided such 57 period shall not exceed 10 days. (b) If an event constituting “Force Majeure” causes services essential for Closing to be unavailable, including the 59 unavailability of utilities or issuance of hazard, wind, flood or homeowners’ insurance, Closing Date shall be 60 extended as provided in STANDARD G.

  • Closing Date and Option Closing Date Opinion of Counsel On each of the Closing Date and the Option Closing Date, if any, the Representative shall have received the favorable opinion of GM, dated the Closing Date or the Option Closing Date, as the case may be, addressed to the Representative and in form and substance reasonably satisfactory to BM, confirming as of the Closing Date and, if applicable, the Option Closing Date, the statements made by GM in their opinion delivered on the Effective Date.

  • The First Closing Date Delivery of certificates for the Firm Shares to be purchased by the Underwriters and payment therefor shall be made at the offices of ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇ LLP (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on [•], or such other time and date not later than 1:30 p.m. New York City time, on [•] as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representatives may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representatives to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.

  • SUBSEQUENT ASSIGNMENTS After the Effective Date, the Assignee shall have the right pursuant to Section 12.3.1 of the Credit Agreement to assign the rights which are assigned to the Assignee hereunder to any entity or person, provided that (i) any such subsequent assignment does not violate any of the terms and conditions of the Loan Documents or any law, rule, regulation, order, writ, judgment, injunction or decree and that any consent required under the terms of the Loan Documents has been obtained and (ii) unless the prior written consent of the Assignor is obtained, the Assignee is not thereby released from its obligations to the Assignor hereunder, if any remain unsatisfied, including, without limitation, its obligations under Sections 4, 5 and 8 hereof.