Net Closing Proceeds definition

Net Closing Proceeds means the funds contained in the Trust Account, together with the cash on SPAC’s balance sheet and the aggregate amount of gross proceeds from any Future PIPE Investment, after giving effect to the SPAC Stockholder Redemptions and the payment of or reimbursement of previously paid Transaction Expenses.
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Net Closing Proceeds means the net proceeds of the issue of the Notes (after payment of all commissions, fees, costs and expenses incurred in connection with the issue of the Notes which are due and payable on the Issue Date);
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Net Closing Proceeds means an amount equal to: (i) the Closing Proceeds, less (ii) the sum of (A) the Purchaser’s accrued Expenses for the transactions contemplated by this Agreement and (B) the deferred Expenses (including cash amounts payable to EBC and any legal fees) of the IPO, including any Expenses that are required to be paid by delivery of the Purchaser’s securities at the Closing.
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Examples of Net Closing Proceeds in a sentence

  • Price less the Deposit of $200,000.00 less the adjustments, if any, pursuant to section 1.5(c) of the Sale Agreement (the "Net Closing Proceeds").

  • The Placement Agent shall deliver the Net Closing Proceeds to the Company either by (i) certified check of the Escrow Agent drawn on the Escrow Account and payable to the Company; or (ii) by wire transfer from the Escrow Account to the account of the Company designated herein.

  • The Receipt shall be held in escrow by counsel for the Placement Agents until either (i) the Placement Agents deliver to the Company a certified check of the Escrow Agent as provided for above, or (ii) the Company receives telephonic confirmation by the Escrow Agent that the Net Closing Proceeds have been wired to the Company by the Escrow Agent, at which time the Receipt shall be released.

  • Notwithstanding the contemporaneous execution and delivery of this Agreement, the obligation of the Seller Representative (on behalf of the Redeemed Shareholders) to close the transactions contemplated by the Stock Redemption Agreement shall be conditioned on the consummation of the transactions contemplated by Section 1.2 of this Agreement and distribution of the Net Closing Proceeds (defined in Section 1.3(a)) and the APA Rights.


More Definitions of Net Closing Proceeds

Net Closing Proceeds means the amount of the Purchase Price remaining any Paydown or any other similar payment to creditors pursuant to an order of the Bankruptcy Court.
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Net Closing Proceeds means the gross proceeds received by Holdings (and contributed to the Company) and the Company from the Equity Investment and the issuance and sale of the Notes minus the sum of transaction costs paid on or before the Closing Date and amounts funded into the Overhead Reserve Account.
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Net Closing Proceeds means, with respect to any sale of a Release Property or any other Real Estate by a Credit Party, the gross sales price to be paid by the purchaser for such property less sums attributable to (i) closing costs, including without limitation, legal costs of the seller in connection with the sale of such property, transfer taxes, fees for recording the applicable lien release, and typical closing adjustments for real property closing (such as prorations for real property taxes and utility charges), in each case to the extent customarily paid by sellers of real property in the relevant jurisdiction and in reasonable amounts, (ii) in the case of any property subject to a Purchase Money Mortgage approved by the Lenders, any amount which must be applied in repayment of the related Purchase Money Mortgage Obligation pursuant to the terms of the documents governing such Purchase Money Mortgage Obligation, and (iii) such other items as shall have been pre-approved as to item and amount by the Agent and Requisite Lenders.
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Net Closing Proceeds means, with respect to the closing of the sale of any Lot, an amount equal to (a) the Gross Closing Cash payable at such closing minus Lender pre-approved costs such as (b) the reasonable, customary, actual and verifiable costs of the sale in question which are payable at the time of such closing, to the extent paid to third parties that are not Affiliates of Borrower, but in no event shall the total of all such costs (including any brokerage commission payable to Affiliates of Borrower) with respect to any Lot, whether payable at the time of execution of a Sales Contract or at the time of closing thereunder, exceed six percent (6%) of the gross sales price for any Lot.
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Related to Net Closing Proceeds

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

  • Closing Working Capital means: (a) the Current Assets of the Company, less (b) the Current Liabilities of the Company, determined as of the close of business on the Closing Date.

  • Closing Cash has the meaning set forth in Section 2.11(a).

  • Closing Cash Payment has the meaning set forth in Section 2.06(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.

  • Net Equity Proceeds means an amount equal to any Cash proceeds from a capital contribution to, or the issuance of any Equity Interests of, Holdings or any of its Subsidiaries, net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses.

  • Second Closing Date means the date of the Second Closing.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.