Subsequent Closing Member definition

Subsequent Closing Member shall have the meaning set forth in Section 5.3(a).
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Examples of Subsequent Closing Member in a sentence

  • To the extent that a Subsequent Closing Member is an AlbaCore Affiliate, the payments in this Clause14 shall be adjusted by the Directors to reflect the fact that AlbaCore Affiliate may not (and the remaining Members do) bear the Management Fee on their Capital Commitment.

  • A Subsequent Closing Member shall be deemed admitted to the Fund as a Member upon acceptance by the Managing Members of such Subsequent Closing Member’s Capital Commitment (or increase in such Subsequent Closing Member’s Capital Commitment) and its agreement to be bound by the terms of this Agreement.

  • The Managing Members shall revise the Schedule to reflect the admission of each Subsequent Closing Member (or any increase in a Subsequent Closing Member’s Capital Commitment).

  • For the avoidance of doubt, prior to an Exchange Listing, Units will be issued to each Subsequent Closing Member at a per-Unit price which is not below the NAV per Unit as of the close of the last quarter preceding the funding date, subject to any adjustments, which adjustments would take into account a determination of changes to NAV within 48 hours of the sale to assure compliance with Section 23(b) of the Investment Company Act.

  • To the extent that a Subsequent Closing Member is an AlbaCore Affiliate, the payments in this Clause 14 shall be adjusted by the Directors to reflect the fact that AlbaCore Affiliate may not (and the remaining Members do) bear the Management Fee on their Capital Commitment.

  • Following the Initial Closing, each Subsequent Closing Member (as defined below) will be required to make a purchase or successive purchases of Units to fund a portion of its Undrawn Commitment on a non-pro rata basis (each, a “Catch-up Purchase”) on a date (or dates) (each, a “Catch-up Date”) to be determined by the Company that occurs no later than the next succeeding Drawdown Date.

  • Upon or following the acceptance of a Subsequent Closing Member’s Commitment on any Subsequent Closing Date, such Subsequent Closing Member may be required to make a Catch-up Purchase, on no less than seven Business Days (measured from the date the Company sends the applicable notice, rather than the date such notice is received), at the Adjusted Purchase Price.

  • Upon payment of the Adjusted Purchase Price on each Catch-up Date, the number of Units (including fractional Units) issuable to a Subsequent Closing Member will equal: (x) the Adjusted Purchase Price for such Subsequent Closing Member, minus the Organizational Expense allocation, divided by (y) the then-current NAV per Unit.

  • Upon payment of the Adjusted Purchase Price on each Catch-up Date, the number of Units issuable to a Subsequent Closing Member will equal: (x) the Adjusted Purchase Price for such Subsequent Closing Member, minus the Organizational Expense allocation, divided by (y) the then-current NAV per Unit.

Related to Subsequent Closing Member

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Second Closing Date means the date of the Second Closing.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Second Closing has the meaning set forth in Section 2.2.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Outside Closing Date means the date which is 365 days after the earlier of the Firm Closing Date; or Second Tentative Closing Date; or such other date as may be mutually agreed upon in accordance with section 4. “Property” or “home” means the home including lands being acquired by the Purchaser from the Vendor. “Purchaser’s Termination Period” means the 30-day period during which the Purchaser may terminate the Purchase Agreement for delay, in accordance with paragraph 10(b).

  • First Closing has the meaning set forth in Section 2.1(a).

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • IPO Closing Date means the closing date of the IPO.

  • Additional Closing Date has the meaning set forth in Section 3.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Final Closing means the last closing under the Private Placement;

  • Original Closing Date means the "Closing Date" as defined in the Existing Credit Agreement.

  • Tender Closing Date means the date and time set out in column (C) of Part 1 of the Schedule to the Tender Notice;

  • Offer Closing Date has the meaning set forth in Section 1.01(f).