Examples of Second Completion in a sentence
Second Completion means completion of the Second Sale in accordance with clauses 7.1 to 7.4. Second Completion Date means a date determined under clause 7.1 and all references in this deed to the Second Completion Date shall mean the day of Second Completion.
Any Second Sale Securities transferred under this deed must be transferred free from any Security Interest, and with all rights, including distribution or interest rights, attached or accruing to them on and from the date of Second Completion.
Until the Second Completion Date, the title to, property in and risk of the Second Sale Securities remain solely with ICPF and, for the avoidance of doubt, ICPF is entitled to control the exercise of any rights to vote attaching to the Second Sale Securities until Second Completion has occurred.
Subject to Second Completion occurring, ICPF irrevocably appoints Oxford (or the Oxford Nominee) as its attorney from Second Completion until Oxford (or the Oxford Nominee) becomes the registered holder of the Second Sale Securities with full power and authority to exercise all rights attaching to the Second Sale Securities for and on behalf of ICPF and in the name of ICPF.
Each of the obligations in clauses 7.1 to 7.3 are interdependent and Second Completion will not occur unless the obligations in clauses 7.1 to 7.3 are complied with and are fully effective.