Initial Closing definition

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

Initial Closing has the meaning set forth in Section 2.1.

Initial Closing means the closing of the purchase and sale of the Common Stock pursuant to Section 2.1.

Examples of Initial Closing in a sentence

• This Agreement shall be effective as of the Initial Closing, and if the Purchase Agreement is terminated in accordance with its terms prior to the Initial Closing, then this Agreement shall be null and void.

• Upon the execution of the joinder agreement by an Additional Investor and the Company, Schedule A to this Agreement shall be amended to set forth the number of Initial Closing Shares, the Initial Subscription Amount, the Maximum Second Closing Shares and the Maximum Second Subscription Amount allocated to such Additional Investor.

• The Company is not, and for twelve (12) months following the Initial Closing Date, shall not become, a United States real property holding corporation within the meaning of Section 897(c)(2) of the Code.

• Each of these investors will be a First Limited Partner in the Initial Closing and will therefore be entitled to reduce their Capital Commitments in accordance with Section 3.5(m).

• Any amendment or waiver effected in accordance with this paragraph shall be binding upon (i) prior to the Initial Closing, the Investors and (ii) following the Initial Closing, each Investor of any Shares purchased under this Agreement at the time outstanding, and in each case, each future holder of all such Shares and the Company.

More Definitions of Initial Closing

Initial Closing shall have the meaning set forth in Section 3.1.

Initial Closing shall have the meaning specified in Section 7.2(a) hereof.

Initial Closing means the date of the initial sale of shares of the Company’s Series C Preferred Stock pursuant to the Purchase Agreement.

Initial Closing means the first closing of the Offering that will occur after the Minimum Offering is achieved.

Initial Closing has the meaning set forth in Section 3.1 of this Agreement.

Initial Closing shall have the meaning assigned thereto in the Master PSA.

Initial Closing has the meaning set forth in the Purchase Agreement.