Initial Release definition
Examples of Initial Release in a sentence
You are advised to consult with an attorney of your own choosing and will have at least 21 days to review the Initial Release before signing it.
Upon delivery of the Additional Initial Shares in accordance with the requirements of the immediately preceding sentence, the Pledgee will return to the Pledgors the Initial Release Shares, so long as, at the time of such delivery of the Additional Initial Shares, the product of (i) the sum of the number of Initial Pledged Shares and the number of Additional Initial Shares, less the number of Initial Release Shares, and (ii) the Market Price as of such date, is equal to or in excess of $13,000,000.
Any notices, requests, demands or other communications provided for by this Agreement (other than the revocation of the Initial Release or the Release) shall be sufficient if in writing and if sent by registered or certified mail, return receipt requested, (a) in the case of the Executive, to the Executive at the last address filed in writing with NIC, and (b) in the case of NIC, to the Company or NAVISTAR, INC.
Failure to sign the Initial Release and let it become effective will result in this letter agreement’s becoming null and void.
Any capitalized but undefined terms have the meaning set forth in or referenced under the letter agreement to which this Initial Release is attached.