Examples of Initial Closing Period in a sentence
During each twelve (12)-month period commencing on the first day after the end of the Initial Closing Period (as defined in the Trust Agreement), the Initial Borrower will request that all Investors fund at least one (1) Demand Notice, unless such requirement is otherwise waived in writing by the Administrative Agent.
At, or any time after, the first closing date of 1:00 p.m. (Irish time) / 8:00 a.m. (New York City time) on 31 May 2013, Royalty Pharma intends to declare the Offer unconditional as soon as possible provided all of the conditions have been satisfied, fulfilled or, to the extent permitted, waived, even if this is prior to the expiration of any extension of the Initial Closing Period.
Closings of Subscription Agreements will occur, from time to time in the Adviser’s sole discretion, during a period starting with the Initial Closing Date and ending twelve months thereafter (the “Initial Closing Period”), but the Adviser may modify the Initial Closing Period if approved by the Fund’s Board of Trustees (the “Board”).
After the Initial Closing Period and prior to the end of the Initial Drawdown Period (as defined below), the Fund may permit one or more additional closings (“Subsequent Closings”) as additional capital commitments are obtained.
Under the terms of the Further Increased Offer, Elan Stockholders will be able to withdraw their acceptances at any time during the Initial Closing Period (which shall not expire prior to 24 June 2013).
The Initial Borrower shall give prompt written notice to the Administrative Agent informing it of the occurrence of the first day after the end of the Initial Closing Period.
At, or any time after, the Extended Closing Date of 1:00 p.m. (Irish time) / 8:00 a.m. (New York City time) on 24 June 2013, Royalty Pharma intends to declare the Further Increased Offer unconditional as soon as possible provided all of the conditions have been satisfied, fulfilled or, to the extent permitted, waived, even if this is prior to the expiration of any extension of the Initial Closing Period.
At, or any time after, the Extended Closing Date of 1:00 p.m. (Irish time) / 8:00 a.m. (New York City time) on 6 June 2013, Royalty Pharma intends to declare the Increased Offer unconditional as soon as possible provided all of the conditions have been satisfied, fulfilled or, to the extent permitted, waived, even if this is prior to the expiration of any extension of the Initial Closing Period.
The Fund currently does not expect to draw any Capital Commitments from Subsequent Closings (“Subsequent Capital Commitments”) until 100% of the Capital Commitments from the Initial Closing Period (“Initial Capital Commitments”) have been drawn down, unless otherwise determined by the Board.
The “ Initial Drawdown Period” will begin when Initial Capital Commitments are made and continue until the earlier of (i) an Exchange Listing and (ii) the two year anniversary of the end of the Initial Closing Period.