Further Closing definition

Further Closing means the transfer of ownership of the Transferred Assets as well as the payment of the remaining portion of the Transfer Price by the Transferee to the Transferor based on the transfer of Transferred Assets and project contracts to the Transferee and the joining of the management and implementation teams of the Transfer Object in the Transferee, as set forth in Article 5 “Further Closing”.
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Further Closing means the completion of the acquisition of the Further Sale Assets pursuant to the Further Acquisition Agreement;
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Further Closing means the completion of the sale and purchase of the Further Sale Assets pursuant to Clause 5;
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Examples of Further Closing in a sentence

  • The Transferee shall exercise due care in respect of the Transferred Assets and itself bear the damage and loss risk of the Transferred Assets from the Initial Closing Date to Further Closing Date.

  • Further, Closing Stock of finished goods included in Profit & Loss Account and Balance Sheet has been translated at average rate of Exchange & closing rate of exchange respectively.Consequently,Gain of ` 9,104 (previous year Loss ` 7,739,211) has been credited to Foreign Currency Translation Reserve.17 During the previous year, the Company had received ` 3,000,000 from SIDCUL, Uttaranchal towards capital Incentive for its Hardwar Plant.

  • Both parties may specify in writing other time as Further Closing Date according to the performance of this Agreement.

  • Both parties agree that the ownership of the Transferred Assets as listed in Annex 1 will be officially transferred after the remaining portion of the Transfer Price is paid on the Further Closing Date.

  • Further, Closing Balance ED in GH 23 should tally with Closing Balance of 46 after transfer collection of ED to head office.

  • The net proceeds of any Further Advances to be made on any Further Closing Date must be deposited in the Loan Payments Account and may be applied by the Borrower for its general corporate purposes or for making a Restricted Payment provided that the Restricted Payment Condition is satisfied and subject to Clause 14.2.4 (Restricted Payments).

  • If any class of Notes is issued at a premium or discount, an amount equal to any such premium will be paid to the Borrower by the Issuer on the Closing Date or relevant Further Closing Date as a premium on the Closing Date Advance, Further Advance or New Advance.

  • On the Further Closing Date (a) the Issuer shall deliver the Further Global Note Certificate to the Registrar for authentication, and (b) the Registrar shall deliver the authenticated Further Global Note Certificate to the Common Depositary.

  • The Seller shall not be liable for any Further Claim if and to the extent that the Losses in respect of which the Further Claim is made: (i) are covered by a policy of insurance; or (ii) would have been covered if the policies of insurance for the benefit of the XxxX Group Companies in force at the date of Further Closing had been maintained after Further Closing on no less favourable terms.

  • The Further Senior Notes bear interest in respect of their Principal Balance from (and including) the Further Closing Date, such interest being paid first on the Senior Payment Date falling on or about 18 May 2002, and thereafter interest will be paid on the Further Senior Notes together with the Original Senior Notes on each Senior Payment Date.

Related to Further Closing

  • Merger Closing means the “Closing” as defined in the Merger Agreement.

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

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

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

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

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

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

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

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

  • Plant Closing means a permanent cessation or reduction of business at a facility which results or will result as determined by the director in the permanent separation of at least 90% of the employees of said facility within a period of six months prior to the date of certification or with such other period as the director shall prescribe, provided that such period shall fall within the six month period prior to the date of certification.

  • Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

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

  • Option Closing Time has the meaning given to it in Section 16(1);

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

  • Offer Closing Date has the meaning set forth in Section 1.01(f).

  • Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;

  • Closings means the one or more closings of the purchase and sale of the Securities pursuant to Section 2.2.

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • 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.

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

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

  • Seller Ancillary Documents means each agreement, document, instrument or certificate to be delivered by Seller, or its Affiliates, at the Closing pursuant to Section 3.2 and each other document or Contract entered into by Seller, or its Affiliates, in connection with this Agreement or the Closing.