Exchange Time

Example Definitions of "Exchange Time"
Exchange Time. The time following the Split-Off Effective Time and immediately preceding the DIRECTV Effective Time provided that all conditions set forth in Article VII of the Merger Agreement have been satisfied or waived (other than those conditions that by their nature may only be satisfied at the Closing), and the parties to the Merger Agreement are obligated to complete the Closing.
Exchange Time. Means the time immediately preceding the First Company Merger Effective Time.
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