Series B Closing definition

Series B Closing has the meaning set forth in Section 2.03.

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

Series B Closing means closing of issue of the Series B+ Preferred Shares to Orchid Asia pursuant to the terms of the Series B+ Share Subscription Agreement.

Examples of Series B Closing in a sentence

• No action or proceeding shall have been instituted nor shall governmental action be threatened before any court or governmental agency, nor shall any order, judgment or decree have been issued or proposed to be issued by any court or governmental agency at the time of the Series B Closing to set aside, restrain, enjoin or prevent the completion and consummation of this Amendment or the transactions contemplated hereby.

• The amendments to the Original Participation Agreement contemplated hereby and the agreements set forth herein shall be effective as of the time of the Series B Closing.

• The representations and warranties contained in Section 7.15 of the Basic Pass Through Trust Agreement and Section 7.04 of each Trust Supplement are true, complete and correct as of the Series B Closing Date.

• The amendments to the Original Indenture contemplated hereby and the agreements set forth herein shall be effective as of the time of the Series B Closing.

• The Company shall have obtained the Rating Agency Confirmation with respect to the Class AA Certificates and the Class A Certificates required by Section 4(a)(v) of the Note Purchase Agreement (as in effect immediately prior to the Series B Closing) and the Ratings Confirmation with respect to the Class AA Certificates and the Class A Certificates required by Section 8.01(d) of the Intercreditor Agreement (as in effect immediately prior to the Series B Closing).

More Definitions of Series B Closing

Series B Closing has the meaning ascribed to it in Section 2.2(d). “Series B Closing Date” has the meaning ascribed to it in Section 2.2(d). “Series B Investor” or “Series B Investors” has the meaning ascribed to it in Section 2.1(b).

Series B Closing means the initial closing of the issuance and sale by Maverick of Series B Preferred Stock to one or more investors primarily for capital raising purposes.

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

Series B Closing means the closing of the sale of the Initial Series B Shares by the Company to the Investor pursuant to the Series B Purchase Agreement.

Series B Closing the meaning specified in section 3.2(b). ----------------

Series B Closing means the Closing as defined in Section 4.1(a) of the Series B Shares Subscription Agreement.

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