Series A Closing definition

Series A Closing is defined in Section 3.1.

Series A Closing means June 20, 2014.

Series A Closing means August 27, 2015.

Examples of Series A Closing in a sentence

• The issued and paid-up share capital of the Company as well as the current shareholding pattern of the Company as on the Effective Date is as specified in Part A of Schedule II and upon Series A Closing, will be as specified in Part B of Schedule II.

• The Series A Certificates shall be dated as of the Series A Closing Date.

• Upon the Series A Closing, if any, the Company shall issue to the Note Purchaser a Warrant to purchase shares of Series A Stock in the form attached hereto as Exhibit B (the "Warrant") for the number of shares of Series A Stock calculated by dividing 15% of the Principal Amount by the price per share paid by the investors in the Series A Closing (the "Warrant Shares").

• The per share exercise price of the Warrant will be the price per share paid by the investors in the Series A Closing.

• Exhibit B Supplemental Opinion of Fulbright & Xxxxxxxx LLP, a Member of Xxxxxx Xxxx Xxxxxxxxx Addressed to the Underwriter $[Principal Amount] Lake Elsinore Public Financing Authority Local Agency Revenue Bonds (Canyon Hills IA D), 2014 Series A [Closing Date], 2014 X’Xxxxxx & Company Securities, Inc.

More Definitions of Series A Closing

Series A Closing shall have the meaning specified in paragraph 2H(1).

Series A Closing has the meaning ascribed to it in the Series A and Series B Share Subscription Agreement.

Series A Closing means the consummation of the purchase and sale of the Series A Preferred Stock contemplated by the Securities Purchase Agreement.

Series A Closing has the meaning given to the defined term of “Closing” in the Series A Share Purchase Agreement.

Series A Closing has the meaning ascribed to it in Section 2.2(b).

Series A Closing is defined in Section 3.1 of this Agreement. “Series A Notes” is defined in Section 1.1 of this Agreement. “Solvent” means, with respect to any Person, that as of the date of determination, (i) the sum of such Person’s debt (including contingent liabilities) does not exceed the fair value and present fair saleable value of such Person’s present assets, in each case on a going concern basis, (ii) such Person’s capital is not unreasonably small in relation to its business as contemplated on the Closing Date and (iii) such Person has not incurred and does not intend to incur, or believe that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise). For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (regardless of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). “Source” is defined in Section 6.2. “Specified Credit Facility” means any Material Credit Facility other than the Federal Home Loan Facility. “State Sanctions List” means a list that is adopted by any state Governmental Authority within the United States of America pertaining to Persons that engage in investment or other

Series A Closing shall have the meaning set forth in the Purchase Agreement.