Preclosing definition

Preclosing means preclosing of the sale and purchase of the Assets as specified in Section 4. "Pre-Closing Date" means Friday, September 27, 1996 or such other date as the Quantum U.S. and Iomega may agree in writing. "Property" means all the leasehold estate in and to the real property as set out in the attached Schedule and any building thereon or other improvements thereto subject to any and all express or implied conditions listed on the title; "Iomega's Lawyers" means Francis Tan of the Azman Davidson law offices ▇▇ ▇▇▇la Lumpur; and Eugene Lim of Donaldson and Burkinshaw in ▇▇▇▇▇▇▇▇▇. "Quantum's ▇▇▇▇▇▇▇" means Baker & McKenzie of 1 Temasek Avenue, #27-01
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Examples of Preclosing in a sentence

  • The date on which Pre-closing actually takes place is referred to in this Agreement as the “Pre-closing Date”.

  • Parent shall deposit with the Paying Agent cash in the Pre-closing Amount to pay the Merger Consideration and the Warrant Consideration.

  • DI has full power and authority to consummate the transactions contemplated hereby, including the Pre-signing Transactions, the Pre-closing Transactions and the Transaction.

  • The Company shall have performed and complied in all material respects with all agreements, covenants, obligations and conditions contained in this Agreement that are required to be performed or complied with by it at or prior to the Pre-closing.

  • SABV has full power and authority to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the transactions contemplated hereby, including the Pre-signing Transactions, the Pre-closing Transactions and the Transaction.

  • Each of the representations and warranties of Purchaser in this Agreement shall be true and correct in all material respects (without giving effect to any limitation as to “materiality” set forth therein) as of Pre-closing, except for such representations and warranties made as of a specific date, which shall be true and correct as of such date.

  • None of the Group Companies is, immediately prior to this Agreement, or will be, at the time of the Pre-closing after giving effect to the Pre-closing, in default in the payment of any Indebtedness with an outstanding principal amount of more than US$500,000.

  • SAJ has full power and authority to consummate the transactions contemplated hereby, including the Pre-signing Transactions and the Pre-closing Transactions.

  • The Company shall have filed, on a timely basis, all the SEC Filings during the thirty six (36) months preceding the Pre-closing Date.

  • All registrations, qualifications, permits and approvals, if any, required to be obtained prior to the Pre-closing under applicable securities Laws shall have been obtained for the lawful execution, delivery and performance of this Agreement including, without limitation, the offer and sale of the Subject Shares.

Related to Preclosing

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1.

  • State property means any building, land, or other real property owned, leased, or occupied by any department, agency, or instrumentality wholly owned by the State, unless, with respect to any building, land, or other real property leased or rented by the State, the lease or rental agreement shall prohibit the establishment of such vending facilities.

  • Residence in foreclosure or “affected residence” means residential real property consisting of one to four family dwelling units, one of which the owner occupies as the owner’s principal place of residence, where a delinquency or default on any loan payment or debt is secured by or attached to the residential real property including but not limited to contract for deed payments, real estate contracts, or real estate taxes.