New Closing Date definition
Examples of New Closing Date in a sentence
For the avoidance of doubt, the failure of the Closing to occur on the Scheduled Closing Date or New Scheduled Closing Date, as applicable, shall not terminate this Joinder or otherwise relieve any party of any of its obligations hereunder, including Additional Purchaser’s obligation to purchase the Shares following the Company’s delivery of a New Closing Date Notice.
On the New Closing Date, Borrower shall (i) pay to Cascade an extension and origination fee in an amount equal to $466,319.21, (ii) pay to the Initial Lenders an extension and origination fee in an amount equal to $1,146,198.33, and (iii) reimburse each Lender for any reasonable and documented out-of-pocket costs and expenses incurred by such Lender in connection with the amendment and restatement of this Agreement and any other matters relating to the Loan.
On the New Closing Date, subject to the terms and conditions of this Agreement, Lender shall make an additional advance to Borrower in the amount of $186,527,682.14 (the “Additional Advance”) such that the Principal Indebtedness immediately following the Additional Advance will be $779,080,837.68.
The Parties recognize, acknowledge and agree that all of the Waived Joint Conditions have been satisfied on the date hereof, and the Parties hereby irrevocably waive, to the maximum extent permitted by applicable Law, each Waived Joint Condition to the respective obligations of each party to effect the Merger and agree that all Waived Joint Conditions shall be, to the maximum extent permitted by applicable Law, deemed satisfied for the New Closing Date or any other date of Closing.
The issuance and delivery of the April 1▇▇▇ ▇▇▇▇▇▇▇ shall take place at the offices of Sandbox as soon as possible on such date and at such time as is mutually agreed upon by the parties (such transaction being the "New Closing" and such date and time being the "New Closing Date").