Restriction Termination Date Clause Samples

The Restriction Termination Date clause defines the specific date on which certain restrictions, such as limitations on the sale or transfer of securities, will expire. In practice, this clause is commonly used in agreements involving restricted stock or other securities, specifying when holders are free to sell or otherwise dispose of their holdings without violating contractual or regulatory limitations. Its core function is to provide clarity and certainty to parties about when restrictions are lifted, thereby facilitating compliance and planning for future transactions.
Restriction Termination Date. The term “Restriction Termination Date” shall mean the first day after the Initial Date, on which the Board of Directors determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT or that compliance with the restrictions and limitations on Beneficial Ownership, Constructive Ownership and Transfers of Shares set forth herein is no longer required in order for the Corporation to qualify as a REIT.
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Restriction Termination Date. The term “Restriction Termination Date” shall mean the first day a REIT Termination event is effective (rr) Regulations. Regulations mean the Treasury Regulations of the United States.
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Restriction Termination Date. See Section 7.1.
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Restriction Termination Date. Effective on the earlier to occur of the event described in clause (a) of the definition of Restriction Termination Date and the date on which the lenders under the Fourth Amended and Restated Credit Agreement consent to the modifications contemplated by this Section 5.05 and Section 7(n) of the Parent Guaranty, Sections 5.01(b), 5.02(a), 5.02(b)(v)(B) and (vi), 5.02(e)(iv), (v), (vi), (vii) and (xi), 5.02(m) and Section 5.04 of this Article V will be amended to conform to the comparable provisions of the Fourth Amended and Restated Credit Agreement as in effect on the Closing Date.
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Restriction Termination Date. The first day on which the Board of Directors determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT or that compliance with the restrictions and limitations on Beneficial Ownership, Constructive Ownership and Transfers of Shares set forth herein is no longer required in order for the Corporation to qualify as a REIT.
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Related to Restriction Termination Date

  • Duration Termination 1. This License Agreement is concluded for an indefinite period, subject to termination in accordance with the provisions of article 6.2 and 6.

  • Post-Termination Restrictions For the purposes of Clause 1.2 below, the following words shall have the following meanings:

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • Retention Period The Engineer shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred and services provided (hereinafter called the Records). The Engineer shall make the records available at its office during the contract period and for seven (7) years from the date of final payment under this contract, until completion of all audits, or until pending litigation has been completely and fully resolved, whichever occurs last.