Tranche A Initial Closing Clause Samples

Tranche A Initial Closing. The initial closing (the “Tranche A Initial Closing”) of the purchase of the Tranche A Notes in return for the first Tranche A Monthly Advance paid by the Tranche A Lender shall take place remotely via the exchange of documents and signatures, no later than 72 hours following the execution of this Agreement, or at such other time and place as the Company and the Tranche A Lender agree upon orally or in writing (the “Tranche A Initial Closing Date”), subject to the satisfaction (or waiver) of the conditions set forth in Section 7 below.