Drawdown Closing definition

Drawdown Closing means the completion of an equity drawdown pursuant to this Agreement by the Investor paying the Equity Drawdown Amount to the Company and the Company allotting and issuing Common Shares to the Investor on a private placement basis in consideration for the Equity Drawdown Amount;
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Drawdown Closing is defined in Section 8.21(c).
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Drawdown Closing has the meaning given to such term in Section 3.1(d).
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Examples of Drawdown Closing in a sentence

  • Each Drawdown Closing will occur on the date that is five (5) Business Days after the date of the applicable Acceptance Notice (each, a “Drawdown Date”).

  • In the event that a Drawdown Closing is delayed pursuant to clause (B), (C) or (D) above, Parent shall not be obligated to issue any shares of Parent Series B Preferred Stock, and, subject to Section 8.21(c)(i), such Drawdown Closing shall take place on the fifteenth day (or if such day is not a Business Day, on the first Business Day following such fifteenth day) following the satisfaction of the condition specified in clause (B), (C) or (D), as the case may be.

  • The Purchaser has available funds necessary to consummate the Initial Closing and any Drawdown Closing on the terms and conditions contemplated by this Agreement.

  • The date of each Drawdown Closing is referred to herein as a "Drawdown Closing Date." Unless mutually agreed by Parent and the WCAS Securityholders, no Drawdown Closing Date shall take place earlier than the 30th day after a prior Drawdown Closing Date.

  • The conditions to each party’s obligation to consummate the Initial Closing or any Drawdown Closing are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable Law.

  • At each Drawdown Closing, Parent shall deliver to each WCAS Securityholder a stock certificate in definitive form registered in the name of such WCAS Securityholder representing the shares of Parent Series B Preferred Stock being purchased by such WCAS Securityholder at such Drawdown Closing.

  • Delivery of such stock certificates shall be made against receipt by Parent of the purchase price payable therefor, which shall be paid by wire transfer of immediately available funds to an account designated in writing by Parent to the WCAS Securityholders at least three Business Days prior to the applicable Drawdown Closing Date.

  • Notwithstanding the first sentence of this Section 8.21(c)(i), no Drawdown Closing shall be effected after the date that is the nineteen-month anniversary of the Closing Date.

  • The Company acknowledges, represents, warrants and agrees that, assuming the accuracy of the representations made by an Investor herein, and after giving effect to the purchase of the Purchased Shares hereunder, no Investor will be issued more than its Maximum Committed Percentage and Maximum Voting Percentage in any Drawdown Closing.

  • Each Drawdown Closing shall be subject to the satisfaction (or waiver) of the conditions set forth in Section 2 below.

Related to Drawdown Closing

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

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

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

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

  • Subsequent Closing has the meaning set forth in Section 3.2.

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

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

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

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

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

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

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

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

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

  • 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.

  • Time of Closing means 10:00 a.m. (Vancouver time) on the Closing Date, or such other time as the parties may mutually determine;

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

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

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

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

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

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

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

  • 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.

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