Draw Down Closing definition

Draw Down Closing means the closing of the purchase and sale of the Preferred Shares pursuant to a Draw Down.
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Draw Down Closing means the closing of the issuance and sale of the Series B Preferred Stock and the Warrants by the Company on any Draw Down Closing Date pursuant to the Investment Agreement.
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Draw Down Closing means the closing of any Equity Investment or Debt Investment that occurs pursuant to Section 1.1(b).
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Examples of Draw Down Closing in a sentence

  • The obligation hereunder of the Company to issue and sell the Shares to the Purchaser is subject to the satisfaction or waiver, at or before the Agreement Closing or at or before each Draw Down Closing, of each of the conditions set forth below.

  • The obligation hereunder of the Purchaser to enter this Agreement is subject to the satisfaction or waiver, at or before the Agreement Closing and at or before each Draw Down Closing, of each of the conditions set forth below.

  • The representations and warranties of the Purchaser shall be true and correct in all material respects as of the date when made and as of the Closing and as of each Draw Down Closing Date as though made at that time, except for representations and warranties that speak as of a particular date.

  • The Purchaser shall have performed, satisfied and complied in all material respects with all material covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Purchaser at or prior to the Closing and as of each Draw Down Closing Date.

  • To exercise such right of withdrawal with respect to any scheduled Draw Down Closing Date, the Company shall provide each Purchaser with written notice of exercise of such withdrawal not later than the second Business Day immediately preceding such scheduled Draw Down Closing Date.

  • Section 1.3(c) Draw Down Closing Date...........................................

  • Section 9.1 Draw Down Closing................................................

  • The Applicable Conversion Price of the Preferred Shares that shall be issued and sold to the Purchaser on each Draw Down Closing Date shall be equal to the lower of (a) the Initial Series B Conversion Price and (b) the sum of (A) the average of the daily Market Prices of the Common Stock for the 20 consecutive trading days ending on the Business Day immediately preceding such Draw Down Closing Date plus (B) 15% of the amount specified in clause (A).

  • The Company shall not issue -------------------------- and sell any Preferred Shares or Warrants at any Draw Down Closing unless the Special Committee shall have authorized and approved such issuance and sale by the Company at such Draw Down Closing before the Company's delivery of the Draw Down Notice with respect to such Draw Down Closing.

  • This Draw Down Notice will commence a “Draw Down Pricing Period,” which shall mean a period of ten (10) consecutive trading days preceding a Draw Down Closing Date (defined below).

Related to Draw Down Closing

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

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

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Second Closing Date means the date of the Second Closing.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • Additional Closing Date has the meaning set forth in Section 3.

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

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

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Final Closing means the last closing under the Private Placement;

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.