Examples of Second Closing Time in a sentence
Such time and date for delivery of the Firm Shares is herein called the "First Closing Time", such time and date for delivery of the Optional Shares, if not the First Closing Time, is herein called the "Second Closing Time", and each such time and date for delivery is herein called a "Closing Time".
In full satisfaction of the Second Subscription Amount for the remaining US$50,000,000 aggregate principal amount of Convertible Debentures, the Investor shall pay, or cause to be paid, to the Company (or as directed by the Company) by wire transfer in immediately available funds or in any other manner agreed upon by the Parties, at or before the Second Closing Time on the Second Closing Date, the Second Subscription Amount.
The transactions to be consummated at the Second Closing shall be deemed to have been consummated at the time (the "Second Closing Time") on the date (the "Second Closing Date") as mutually agreed upon by the Parties.
Subject to the terms and conditions hereof, the transactions contemplated herein shall be closed at the First Closing Time and at the Second Closing Time at the offices of Xxxxxx Xxxxxx LLP at 000 Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxxxxxx, Xxxxxxx or at such other place or places as may be mutually agreed upon by the Vendor and the Purchaser.
At the Second Closing Time, Yi Tai shall execute or affix its corporate seal on a joint written instruction in the form stipulated in the Escrow Agreement and submit the same to Seller against the delivery of deliverable set forth in Section 1.3(a).
At the Second Closing Time, the Vendor shall have discharged the Secured Obligations and shall deliver to the Purchaser good and marketable title to the Purchased Assets and execute and deliver to the Purchaser one or more forms of general conveyance or bills of sale in respect of the assignment, conveyance, transfer and delivery of the Purchased Assets to the Purchaser in form acceptable to the Purchaser.
At the Second Closing Time, the Share Acquiror shall pay and satisfy the Share Purchase Price for the Purchased Shares by the allotment, issuance and delivery to the Seller, as fully paid and non-assessable, of 100,000 redeemable, retractable preference shares in the capital of the Share Acquiror having the rights, privileges, restrictions and conditions set forth in the articles of incorporation of the Share Acquiror a true copy of which is annexed as Schedule 3.3 hereto (the "PREFERENCE SHARES").
Upon and subject to the terms and conditions of this Agreement, the Seller shall sell, transfer, assign and set over to the Share Acquiror and the Share Acquiror shall purchase and acquire from the Seller at the Second Closing Time, the Purchased Shares for the Share Purchase Price payable as provided in Section 3.3.
The Vendor and Shareholder shall obtain both such approvals on or before the Second Closing Time.
If this Agreement is terminated between the First Closing Time and the Second Closing Time, the purchase and sale of the Seller Shares that has been transferred at the First Closing Time shall not be affected, and the parties do not have the right to terminate or cancel such purchase and sale.