Initial Release Date definition

Initial Release Date has the meaning set forth in Section 2.5(b).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Initial Release Date has the meaning given to it in Clause 4.2.2;

Initial Release Date has the meaning set forth in Section 8.07(c)(i).

Examples of Initial Release Date in a sentence

Subject to the terms of this Agreement, the Escrow Fund shall be (a) available to satisfy any indemnification obligations of the Company pursuant to Section 4.7 for Claims, including, without limitation, Third Party Claims (as the terms Claims and Third Party Claims are defined in Section 4.7(d)) made on or prior to the Initial Release Date (as defined in Section 4.7(c)(ii)(A)(1)) and (b) paid out as provided in Section 4.7(e) and the Escrow Agreement.
The number of shares of Buyer Common Stock so reduced shall equal the quotient obtained by dividing (i) the amount of such Buyer Indemnified Losses (with respect to the Buyer Common Stock portion of the Holdback Consideration to be reduced) by (ii) the Issue Price as of the Closing Date, if such reduction is with respect to the 1st Anniversary Holdback Shares, or the Initial Release Date, if such reduction is with respect to the 2nd Anniversary Holdback Shares.
The Company will notify the trustee of the Trust in writing at least two (2) Business Days prior to the occurrence of the Initial Release Date.
As soon as reasonably practicable upon resolution pursuant to the Escrow Agreement of any Initial Release Date Pending Claims, all of the General Escrow Fund related to such Initial Release Date Pending Claims that is not payable to the Buyer in accordance with such resolution shall be released to the Seller in accordance with the Escrow Agreement.
All shares of Buyer Common Stock that are released to the TopCo Sellers on the Initial Release Date, the Second Release Date or upon resolution of existing claims shall constitute additional Merger Consideration and shall be distributed to the TopCo Sellers based on their respective Holdback Shares Pro Rata Portion.

More Definitions of Initial Release Date

Initial Release Date has the meaning set forth in Section 9.9(a).

Initial Release Date see Section 1.5(a).

Initial Release Date is defined in Section 6.3.

Initial Release Date shall have the meaning set forth in Section 5.1.1.

Initial Release Date means the first Monthly Payment Date following the date that the Debt Service Coverage Ratio has equaled or exceeded 1.50x for two (2) consecutive calendar quarters.

Initial Release Date has the meaning given in clause 2.2(b) of this Schedule 12. MoJ Contract the United Kingdom Ministry of Justice "Transforming Rehabilitation" contract. Payment Event 1 the death or total permanent disability of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, as applicable; or 2 the death or total permanent disability of a family member of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ or ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, as applicable. Release Percentage expressed as a percentage: 1 the number of days since the Initial Release Date; divided by 2 the total number of days between the Initial Release Date and the third anniversary of Completion; multiplied by

Initial Release Date is defined in Section 10.7(b).

Filter & Search

Related Definitions