Canadian Closing definition
Examples of Canadian Closing in a sentence
At the Canadian Closing, Canadian Purchaser will deliver to Canadian Seller an assumption agreement with respect to the Canadian Liabilities substantially in the form attached hereto as EXHIBIT B, and all other documents required to be delivered by Purchaser and Canadian Purchaser hereunder and under the Purchase Agreement.
Purchaser and Seller shall cooperate to complete in all material respects the transactions set forth in steps 10 and 14 of the Restructuring Plan immediately prior to the Canadian Closing.
Subject to the terms and conditions set forth herein, each Lender severally agrees to make, on the Closing Date, a U.S. Term Loan to the U.S. Borrower in an aggregate principal amount not to exceed the amount of such ▇▇▇▇▇▇’s U.S. Closing Date Commitment and a Canadian Term Loan to the Canadian Borrower in an aggregate principal amount not to exceed the amount of such ▇▇▇▇▇▇’s Canadian Closing Date Commitment.
In consideration for the shares of CIT ULC, at the Canadian Closing, Purchaser shall cause Purchaser Sub to pay to Dutch BV the Canadian Purchase Price in immediately available funds.
Purchaser and Seller shall cooperate to complete in all material respects the transactions set forth in steps 12 and 13 of the Restructuring Plan after the Canadian Closing.
In full consideration of the sale, conveyance, assignment and transfer of the Canadian Assets to Canadian Purchaser, (a) Purchaser will pay to Parent a purchase price (the "CANADIAN PURCHASE PRICE") in immediately available federal funds in an amount equal to USD$2,000,000.00, such amount to be paid in U.S. dollars by wire transfer to a bank account designated by Parent in writing prior to the Canadian Closing, and (b) Canadian Purchaser will assume the Canadian Liabilities as of the Closing Date.
This Note is a Canadian Closing Date Term Loan Note referred to in, and is issued pursuant to, the Loan and Security Agreement.
Seller shall use its commercially reasonable efforts to obtain hearings and court approvals on shortened notice, if necessary, so that each of the USA Closing and the Canadian Closing can occur no later than April 30, 2008.
At the Canadian Closing, Canadian Buyer shall pay to Canadian Seller, by wire transfer of immediately available funds pursuant to wire instructions previously delivered by Canadian Seller to Canadian Buyer, an amount in cash equal to the sum of the Canadian Estimated Inventory Amount, the Canadian Estimated Dollars/Theme Park Amount and the Canadian Estimated Cash-On-Hand (collectively, the "Canadian Closing Date Estimate").
The parties agree that prior to the USA Closing, they shall engage an independent third party that is in the business of conducting physical inventory counts, to be mutually agreed upon by Buyer and Seller (the "Independent Third Party"), to conduct a physical inventory of (i) the USA Acquired Inventory as of the USA Closing and (ii) the Canadian Acquired Inventory as of the Canadian Closing (if there is a Canadian Closing).