Second Closing Amount definition

Second Closing Amount has the meaning set forth in the Recitals.

Second Closing Amount means such amount equal to the product of (i) the Purchase Price and (ii) that number of Common Shares purchased at the Second Closing.

Second Closing Amount has the meaning set forth in the Recitals. “Second Closing Date” has the meaning set forth in Section 1.4. “Second Closing Purchase Price” has the meaning set forth in Section 1.3. “Second Closing Securities” has the meaning set forth in Section 1.1(b). “Securities” has the meaning set forth in Section 1.1(b). “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. “Selling Expenses” means all selling commissions applicable to the sale of Registrable Securities and all fees and expenses of legal counsel for any Holder other than as set forth in the definition of “Registration Expenses.” “Shortfall Amount” has the meaning set forth in Section 1.1(c). “Special Rights Termination Event” shall mean either (i) the failure of the Investor Purchasers to timely exercise their option to fund the Investor Second Closing Amount pursuant to -25- Section 1.1(c) of the Investors Purchase Agreement or (ii) the timely exercise of such option by the Investor Purchasers followed by the failure of the Investors Second Closing to occur due to the failure of the Investor Purchasers to satisfy any of the conditions provided in Sections 5.3(a)-(c) of the Investor Purchase Agreement. “Subsidiary” of any Person shall mean any corporation, partnership, limited liability company, joint venture or other legal entity of which such Person (either alone or through or together with any other subsidiary) owns, directly or indirectly, more than 50% of the stock or other equity interests the holders of which are generally entitled to vote for the election of the board of directors or other governing body of such corporation or other legal entity. ARTICLE 8 TERMINATION SECTION 8.1.

Examples of Second Closing Amount in a sentence

• Unless other arrangements have been made with a particular Investor, upon such receipt by OMM of the certificates issuable to an Investor, such Investor shall promptly, but no more than one (1) Business Day thereafter, cause a wire transfer in same day funds to be sent to the account of the Company as instructed in writing by the Company, in an amount representing such Investor's Second Closing Amount.

• The date upon which such agreement is reached or upon which the Final Purchase Price is established shall be herein called the “Final Settlement Date.” Enerplus agrees to pay American the Second Closing Amount on Friday, July 14, 2006.

• Other Purchasers shall have paid, in the aggregate, not less than that portion of the aggregate Second Closing Purchase Price which, when added to the Second Closing Purchase Price to be paid by such Purchaser, equals at least 75% of the Second Closing Amount.

• On the date (the "Second Closing Date" and, together with the First Closing Date, the "Closing Dates" and each a "Closing Date") the Company receives the Second Closing Amount, the certificates evidencing the Shares purchased on the Second Closing Date and Warrants shall be released to the Investors (the "Second Closing" and, together with the First Closing, the "Closings" and each a "Closing").

• The Parties shall, by joint written instruction, instruct the Escrow Agent to distribute to the Buyers the amount of such LandPro Reduction at the same time the Second Closing Amount is distributed to the Sellers.

More Definitions of Second Closing Amount

Second Closing Amount. At the Second Closing, an amount equal to the Second Closing Amount (the “Second Closing Payment”) shall be paid by Purchaser to Seller by federal funds wire transfer of immediately available funds to an account or accounts designated in writing by Seller to Purchaser.

Second Closing Amount shall have the meaning ascribed to it in Section 2.2(a)(y).

Second Closing Amount shall equal $165,000 minus the Loan Arrangement Fee of 10% of the Principal amount of the Note funded ($15,000 for Second Closing Amount”); (z) and the “Third Closing Amount” shall equal $275,000 minus the Loan Arrangement Fee of 10% of the Principal amount of the Note funded ($25,000 for Third Closing Amount”).

Second Closing Amount means such amount equal to the product of (i) the Purchase Price and (ii) that number of Common Shares purchased at the Second Closing. "Securities" means the Shares, the Warrants and the Warrant Shares.

Second Closing Amount means Thirty Seven Million Five Hundred Thousand Dollars ($37,500,000).

Second Closing Amount has the meaning set forth in Section 4.5 hereof.

Second Closing Amount has the meaning ascribed to such term in the table set forth in Section 2.2(b).