First Completion Date definition
Examples of First Completion Date in a sentence
First Completion is subject to the Blackstone Scheme Resolutions not being approved by the requisite majorities of IOF securityholders on or before the First Completion Date.
On the First Completion Date, Oxford shall pay or procure the Oxford Nominee to pay the First Purchase Price to ICPF in cash to an account nominated by ICPF in immediately available funds (or, failing nomination of a bank account, by bank cheque).
In the event that, at the election of the Vendor, the transaction is not closed within 180 days of the First Completion Date, this Agreement shall terminate and be null and void, the deposit shall be returned to the Purchaser, and the Parties shall have no further obligations to each other under this Agreement, including, without limiting the generality of the forgoing, liability for damages.
One Transitional Services Agreement (the Non-IT Transitional Services Agreement) will provide for the provision of services by WPP 2005 Limited to the Target Group on a transitional basis with effect from the First Completion Date in respect of, among other matters, finance, payroll, treasury and tax.
Further fund raising: If the General Partner and the Cornerstone Partners consent, twelve (12) months after the First Completion Date or such other longer period as agreed by the General Partner and Cornerstone Partners, the Partnership can accept new limited partner(s) or the existing Limited Partners could increase their capital contribution with further details to be determined by the General Partner and the Cornerstone Partners.