Exit Closing Date definition
Examples of Exit Closing Date in a sentence
The Early Exit Bonus shall be payable in a lump sum in cash on or before the Early Exit Closing Date.
The “Excluded Amount” means if Los W notifies Fintech (prior to the Exit Closing Date) that the base amount on which the Capital Gains Tax is calculated is the actual capital gain obtained by Los W under the Nucleum Exit Price and provides the Tax Documentation, 5.0% of such base amount or otherwise 4.5% of the Nucleum Exit Price.
The “Excluded Amount” means if Los W notifies Fintech (prior to the Exit Closing Date) that the base amount on which the Capital Gains Tax is calculated is the actual capital gain obtained by Los W under the Exit Price and provides the Tax Documentation, 5.0% of such base amount or otherwise 4.5% of the Initial Exit Price.
The Preliminary Escrow Amount shall be deposited into an escrow account that shall be opened with a leading financial institution of escrow services in Brazil to be jointly selected by the Parties, and the Parties agree to negotiate the terms and conditions of the relevant escrow agreement in good faith prior to the Exit Closing Date.
For the avoidance of doubt, in the event there is a disagreement regarding the Post-Closing Adjustment Calculation, the Exit Closing Date shall not occur until final decision on the Post-Closing Adjustment Calculation dispute is settled, in accordance with the procedures set forth in Sections 3.3.2 to 3.3.7.
Closing under the Exit Revolving Facility shall take place upon the occurrence of the “effective date” under the Plan of Reorganization; all obligations under the Exit Revolving Facility shall mature three (3) years from the Exit Closing Date (as defined below) and shall be fully due and payable at such time (or, with respect to the LOCs, cash collateralized, backstopped or otherwise addressed in a manner reasonably acceptable to EBC and the issuing bank).
If the Exit Closing has not occurred on the Exit Closing Date (i) as a result of the conditions set forth in Section 9.1.2 above, except for condition set forth in item (g) therein, or (ii) because the shares are not clear of Liens, the Exit Put Option and the Exit Call Option shall be automatically revoked and canceled.