Phase I Closing has the meaning given such term in Section 2.1.
Phase I Closing shall have the meaning assigned thereto in subsection 2.3(a).
Phase I Closing as used herein, means the timely delivery to each of the specified Parties of the documents, instruments, and other items due from any of the Parties to any of the other Parties pursuant to Section 5 of this Agreement, duly executed and otherwise in a form and manner that enable the transactions contemplated in this Agreement to be effective and/or consummated.
Examples of Phase I Closing in a sentence
EDA shall execute and/or deliver, as applicable, to Developer the following at the Phase I Closing: A.
The parties understand that their share of the taxes due and payable in 2021 will need to be paid in full at the Phase I Closing to allow for the recording of the plat of The Yards Addition.
The Seller must have delivered or caused to be delivered each document that Section 2.10(a) requires it to deliver in connection with the Phase I Closing.
Except as expressly otherwise set forth herein, the Deposit shall be applied against the Purchase Price allocable to the Phase I Property at the Closing with respect to the Phase I Closing and shall otherwise be held and delivered by Escrow Agent in accordance with the provisions of Exhibit C.
The failure to achieve the Phase I Closing Date or the Phase II Closing Date in the time period specified by this Agreement that is not caused by an Event of Default, shall allow either Party to terminate this Agreement upon written notice to the other Party.
More Definitions of Phase I Closing
Phase I Closing means the closing of the purchase and sale of the Common Stock pursuant to Section 2.1.
Phase I Closing means the completion ------------------- of all of TSMC's and OmniVision's contributions to the capital of NEWCO set forth in Section 3.1. The Phase I Closing shall take place on the "Phase I Closing Date" at the principal offices of NEWCO. Within a reasonable time after the Phase I Closing, TSMC and OmniVision shall use their commercially reasonable efforts to apply to the relevant government authorities of the ROC for requisite approval of capital increase relating to Phase II (as defined below).
Phase I Closing shall occur on or before September 15, 2020 (the “Phase I Closing Date”), (ii) the Closing of Phase II (“Phase II Closing”) shall occur on or before September 15, 2020 (the “Phase II Closing Date”), and (iii) the Closing of Phase III (“Phase III Closing”) shall occur on or before December 21, 2020 (the “Phase III Closing Date”).” As used in the Agreement and this Third Amendment: (a) the term “Closing” shall mean and refer to the Phase I Closing, the Phase II Closing and/or the Phase III Closing as applicable and as the context may require; (b) the term “Closing Date” shall mean and refer to the Phase I Closing Date, the Phase II Closing Date and/or the Phase III Closing Date as applicable and as the context may require; and (c) the term “Phase” shall mean and refer to Phase I, Phase II and/or Phase III as applicable and as the context may require.
Phase I Closing means the closing of the Refinancing.
Phase I Closing. The consummation of the sale and delivery of the Phase II Assets to the Phase II Buyer and the Loop Real Property to RE LLC and the receipt of the consideration therefor by payment as provided in this Article 4 shall constitute the “Phase II Closing.” The consummation of the sale and delivery of the Phase III Assets to the Phase III Buyer and the receipt of the consideration therefor by payment as provided in this Article 4 shall constitute the “Phase III Closing” (which together with the Phase I Closing and the Phase II Closing shall be the “Closings”) Unless otherwise agreed by the parties or unless this Agreement shall be terminated pursuant to the terms hereof, each of the Closings shall take place at 10:00 a.m., local time, at the offices of Xxxxxxxx & Xxxxx LLP, 000 00xx Xxxxxx, XX, Xxxxxxxxxx, XX 00000, or such other place as is mutually and reasonably acceptable to the Seller and Ethanex, and shall occur on the date that is three (3) Business Days following satisfaction or waiver of all of the conditions to the applicable Closing set forth in Articles 9 and 10, other than those conditions which by their terms may only be satisfied on the respective Closing Date. The date on which the Phase I Closing actually occurs shall constitute the “Phase I Closing Date,” the date on which the Phase II Closing actually occurs shall constitute the “Phase II Closing Date,” and the date on which the Phase III Closing actually occurs shall constitute the “Phase III Closing Date”; provided, that in no event shall the Phase III Closing occur prior to the Phase II Closing.
Phase I Closing means the closing of the Domestic Cellular Transactions to be closed upon satisfaction or waiver of all conditions set forth in SECTION 6.2(a) of this Organization Agreement.
Phase I Closing means the closing of the sale of the Units offered during the Phase I Financing, including, without 15 limitation, the initial closing which shall occur on June 30, 1997 and each subsequent closing which shall occur on subsequent dates chosen by the General Partner.