Initial Closing Date definition

Initial Closing Date has the meaning set forth in Section 2.1.

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Initial Closing Date shall have the meaning assigned to such term in Section 2.2 hereof.

Initial Closing Date means the date on which the Initial Closing occurs.

Examples of Initial Closing Date in a sentence

• As of the [Initial] Closing Date [and each Subsequent Closing Date], each Receivable and the related Financed Vehicle is free and clear of any Lien of any Person (other than L▇▇▇▇ created hereunder and Permitted Liens or those Liens that will be released simultaneously with the conveyance hereunder) and is in compliance with all Applicable Laws.

• No effective financing statement or other instrument similar in effect covering any portion of the Second Step Transferred Property shall, on or after the [Initial] Closing Date [and each Subsequent Closing Date], be on file in any recording office except such as may be filed in favor of (1) the Issuing Entity in accordance with this Agreement, [(2) the Grantor Trust in connection with the Receivables Contribution Agreement] or (3) the Indenture Trustee in connection with the Indenture.

• On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate to the Purchaser evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

• The Issuing Entity shall within two (2) Business Days after the [Initial] Closing Date [and each Subsequent Closing Date], transfer all Collections received by it on or after the Cutoff Date with respect to any [applicable] Receivable or related Third Step Transferred Property to, or at the direction of, the Grantor Trust.

• No effective financing statement or other instrument similar in effect covering any portion of the Third Step Transferred Property shall, on or after the [Initial] Closing Date [and each Subsequent Closing Date], be on file in any recording office except such as may be filed in favor of (A) the Grantor Trust in connection with this Agreement or (B) the Indenture Trustee in connection with the Indenture.

More Definitions of Initial Closing Date

Initial Closing Date means the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers’ obligations to pay the Subscription Amount and (ii) the Company’s obligations to deliver the Securities, in each case, have been satisfied or waived; provided, however, the Initial Closing Date shall not be later than two (2) Trading Days after the date of this Agreement.

Initial Closing Date shall have the meaning set forth in the Securities Purchase Agreement.

Initial Closing Date means the date of the Initial Closing.

Initial Closing Date has the meaning set forth in Section 4.

Initial Closing Date. The Closing Date on which the Initial Purchaser purchases and the Seller sells the first Mortgage Loan Package hereunder.

Initial Closing Date means the Initial Closing Date as defined in the Purchase Agreement.

Initial Closing Date means the date of the Agreement.