Closing Installment definition

Closing Installment has the meaning set forth in (S) 2(b)(i) below.
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Closing Installment shall bear the meaning given to such term in Section 5.2a);
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Closing Installment means the portion of the Subscription Amount described on the signature page hereto as the Closing Installment.
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Examples of Closing Installment in a sentence

  • The Closing Installment shall bear no interest and shall be applied at the Closing as a principal reduction of the Notes as set forth in Exhibit C.

  • The Closing Installment and Post-Closing Installment shall each be made in US dollars by wire transfer of federal funds or other immediately available funds to such account as the Company may direct by prior notice to the Subscriber.

  • The Notes shall be payable in four (4) installments, with the first installment due at the Closing in the amount of One Million Three Thousand Eight Hundred Eighty-Two and 96/100 Dollars ($1,003,882.96) (the "Closing Installment").

  • As a security for the payment by Buyer to Seller of the full amount of the Post Closing Installments, at the Closing the Buyer shall provide Seller with checks each in the amount of each Post Closing Installment (as adjusted pursuant to Section 2.6(a)(ii)) dated as of the dates set forth in Section 2.6(a); provided that with respect to the Fifth Installment, the Buyer shall provide Seller with 2 checks of US$ 300,000 each dated as of the applicable date set forth in Section 2.6(a).

  • Each Award Installment shall become exercisable based on the closing market price of the Company's Nonvoting Common Shares, without par value ("Common Shares") as follows: Closing Installment Market Class Price* I $30 II $35 III $40 * An installment becomes exercisable when the closing price for the Common Shares reported on Nasdaq-NMS (or other exchange on which the Common Shares are then traded) is equal to or greater than the price set forth in the table for at least 20 consecutive trading days.

  • Each Purchaser shall deliver to the Company, via wire transfer or a certified check of immediately available funds the relevant Closing Installment, and the Company shall deliver to each Purchaser its respective Shares and a Warrant as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing.

  • If Seller deposits a check for a Post Closing Installment, prior to such set-off by Buyer, Seller shall immediately pay such amount to Buyer.

  • In addition to recovering damages, any party seeking to enforce this First Amendment may choose, in its sole discretion, to cause specific performance or seek recission in the event of a material breach hereof, including, any failure to satisfy a closing deliverable or pay the Closing Installment or Amended Purchase Price in full.


More Definitions of Closing Installment

Closing Installment means the portion of the Subscription Amount the relevant Purchaser is obligated to pay to the Company at Closing in exchange for issuance and transfer of the Shares, as forth on the signature page of this Agreement under the caption “Closing Installment,” in United States dollars and in immediately available funds.
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Closing Installment means Ten Million United States Dollars (US$10,000,000) and together with the Initial Installment, the "PURCHASE PRICE").
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Closing Installment shall have the meaning set forth in Section 1.3(a).
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Related to Closing Installment

  • Term Loan Installment Date means any Term B Loan Installment Date or any Incremental Term Loan Installment Date.

  • Incremental Term Loan Installment Date shall have, with respect to any Class of Incremental Term Loans established pursuant to an Incremental Assumption Agreement, the meaning assigned to such term in Section 2.10(a)(ii).

  • Purchase Price Date means the date the Purchase Price is delivered by Lender to Borrower.

  • Annual Installment means the portion of the PACE loan that is due and payable for a particular year under the supplemental agreement.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Principal Installment means, as of any date of calculation, (i) the aggregate principal amount of Outstanding Bonds due on a certain future date, reduced by the aggregate principal amount of such Bonds which would be retired by reason of the payment when due and application in accordance with the Resolution of Sinking Fund Payments payable before such future date plus (ii) the unsatisfied balance, determined as provided in the Resolution, of any Sinking Fund Payments due on such certain future date, together with the aggregate amount of the premiums, if any, applicable on such future date upon the redemption of such Bonds by application of such Sinking Fund Payments in a principal amount equal to said unsatisfied balance.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Closing Payment has the meaning set forth in Section 2.2.

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Tax Payment Date means, with respect to any applicable Taxes, the date occurring 30 days prior to the date the same are due and payable.

  • Minimum Purchase Price has the meaning set forth in Section 2.04.

  • Installment Date as defined in Section 2.12.

  • Settlement Price Date means the Valuation Date. "Valuation Date" means the Redemption Valuation Date.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Installment seller or "seller" means a person engaged in the business of selling, offering for sale, hiring, or leasing motor vehicles under installment sale contracts or a legal successor in interest to that person. As used in this subdivision, "business" does not include an isolated sale.

  • Final Completion Date means the date on which Final Completion occurs.