Examples of Second Installment Date in a sentence
Installment Date” and, together with the First Installment Date, the Second Installment Date and the Third Installment Date, the “Installment Dates”.
Each Lender’s First Installment Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s First Installment Commitment on such date and each Lenders Second Installment Commitment shall terminate immediately and without further action on the Second Installment Date after giving effect to the funding of such Lender’s Second Installment Commitment on such date.
Second Installment Date to be the date that is three months after the First Redemption Date; Third Installment Date to be the date that is six months after the First Redemption Date; and Fourth Redemption Date to be the date that is nine months after the First Redemption Date.
Subject to the terms and conditions hereof, each Lender severally agrees to make, (x) on the Closing Date, a Loan to the Borrower in an amount equal to such Lender’s First Installment Commitment (the “First Installment Loan”) and (y) on the Second Installment Date, a Loan to the Borrower in an amount equal to such Lender’s Second Installment Commitment (the “Second Installment Loan” and, together with the First Installment Loan, collectively, the “Loans” and each a “Loan”).
Subject to the terms and conditions of this Agreement, Investor agrees to pay $2,250,000 (the "Second Installment") to the Company and the Company agrees to sell and issue to Investor the number of shares (the "Second Installment Shares") of the Company's Common Stock equal to *** divided by 120% of the average daily closing price of the Company's Common Stock reported by the NASD on the *** to the Second Installment Date (as defined below).
The Borrower may make only one borrowing under the First Installment Commitment which shall be on the Closing Date and only one borrowing under the Second Installment Commitment which shall be on the Second Installment Date.
Payments shall be applied first to payment of any fees, costs, expenses and other amounts (other than principal and interest) due, then to payment of accrued but unpaid interest, if any, then to the portion of the Principal Amount due on the First Installment Date, then to the portion of the Principal Amount due on the Second Installment Date, then to the portion of the Principal Amount due on the Third Installment Date, then to the portion of the Principal Amount due on the Fourth Installment Date.
Investor shall deliver the Second Installment to the Company in accordance with Section 1.2 within thirty (30) days of the Second Installment Date and shall simultaneously deliver a written verification that the representations and covenants of Investor set forth in Section 3 of this Agreement are true and correct with respect to the Second Installment Shares as of the date of delivery of the Second ***Certain confidential portions of this Exhibit were omitted by means of blackout of the text (the "Mark").
Unless otherwise indicated by the Borrower to the Administrative Agent prior to the Second Installment Date, the Second Installment Loans made on the Second Installment Date shall be deemed to be LIBO Rate Loans with an initial Interest Period of one month.
The date on which such notice is delivered shall be the "Second Installment Date".