Examples of Sixth Closing in a sentence
In such event the provisions relating to the consummation of the Fifth Closing, the Sixth Closing and/or Seventh Closing, as applicable, shall terminate and shall have no further force and effect.
Any other suitable evidence from a recognized body can also be used.
The sale of the Sixth Notes and the issuance of the Sixth Warrants shall take place at a sixth closing (the "Sixth Closing") at the offices of Company’s counsel, Fxxxxxx Behar Chen Well Orion & Co., at Ha-Migdal, 3 Dani'el Fxxxxx St., Tel Aviv, Israel, on September 15, 2016, or at such other time and place as the Company and the Major Purchasers shall mutually agree in writing (the "Sixth Closing Date").
The Company incurred share issue costs before legal and other costs related to the Sixth Closing of $211,656 and issued 203,500 broker warrants exercisable at $0.80 for a period of 4 years.
Concurrent with completion of the purchase and sale required at the Sixth Closing, or as soon thereafter as Purchaser identifies a nominee, Company shall cause a vacancy to exist on its board of directors and shall cause such vacancy to be filled by Purchaser's nominee, leaving five duly elected or appointed members of the board of directors in office, three of whom being Purchaser's nominees.
With respect to any such additional closing (each an “Additional Closing” and each of the Additional Closings, Seventh Closing, Sixth Closing, Fifth Closing, Fourth Closing, Third Closing, Second Closing and Initial Closing, a “Closing”) all such sales at such Additional Closing shall be made on the terms and conditions set forth in this Agreement.
Tower One is pleased to announce that, further to its news releases of October 20, 2021, November 16, 2021, December 15, 2021, April 22, 2022, and May 13, 2022 it has completed the Sixth Closing of a private placement pursuant Offering.The Company issued a total of 1,000 class B units (each, a “Class B Unit”) at a price of $100 per each unit (the “Units”) for aggregate cash proceeds of $100,000.
After the Sixth Closing Date, the Borrowers will use the proceeds of the Loans to finance working capital of the Borrowers and their Subsidiaries, to fund cash to the applicable Borrower’s balance sheet and for general corporate purposes of the Borrowers and their Subsidiaries (including for capital expenditures, acquisitions and other Investments, Restricted Payments and any other transaction not prohibited by the Credit Documents).
The successor Company shall mail to Warrant holders a notice describing the supplemental Sixth Closing Warrant Agreement.
Subject to the limitations set forth herein, the number of Warrant Shares issuable upon the exercise of each Warrant is subject to adjustment from time to time upon the occurrence following the Sixth Closing Date of the events enumerated in this Section 7.