Tranche 1 Closing definition

Tranche 1 Closing has the meaning ascribed thereto in Section 5.1;
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Tranche 1 Closing. As defined in the Securities Purchase Agreement.
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Tranche 1 Closing shall take place at the offices of Xxxxxx Xxxxxxxx LLP, 000 Xxxx Xxxxxx, Xxxxxx, Xxxxxxxxxxxxx 00000 (or remotely via the exchange of documents and signatures) at 11:00 a.m., Eastern time, on the date of this Agreement unless another date, place or time is agreed to in writing by the Company and the Purchasers obligated to purchase sixty-six percent (66%) of the shares of Series C Preferred Shares to be issued pursuant to this Agreement at the Initial Tranche 1 Closing (the “Initial Tranche 1 Closing Date”). At the Initial Tranche 1 Closing, the Company will issue and deliver certificates evidencing the Series C Preferred Shares to be sold at the Initial Tranche 1 Closing to each of the Purchasers against payment of the full purchase price therefor by wire transfer of immediately available U.S. funds.
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Examples of Tranche 1 Closing in a sentence

  • Upon the terms and subject to the conditions set forth in this Agreement, the Investor agrees to subscribe for and purchase from the Corporation at the Tranche 1 Closing Time 15,002,243 subscription receipts ("Subscription Receipts") for aggregate consideration of US$320,147,865.62 (the "Tranche 1 Subscription Price").

  • Section 7.3 of the Agreement is hereby amended to state that, at the Tranche 1 Closing, Five Hundred Thousand Dollars ($500,000) of the Post-Closing Escrow Funds shall be deposited into and held in the Holdback Escrow, and shall be subject to the terms of the Holdback Escrow Agreement and support the obligations of all Tranche 1 Property Sellers arising thereunder.

  • The Investor shall purchase the Subscription Receipts and pay the Tranche 1 Subscription Price at the Tranche 1 Closing, by wire transfer of immediately available funds to an account designated in writing by the Corporation.

  • The Subscription Receipt Agreement provides that, upon the Tranche 1 Closing, the Tranche 1 Subscription Price shall be deposited in escrow with the Subscription Receipt Agent in accordance with the provisions of the Subscription Receipt Agreement.

  • If Buyer notifies Seller during such five (5) business day period that it does not approve the Seller Financial Conditions, then, within two (2) business days thereafter, Seller shall either (i) terminate the Agreement, in which case the Deposit shall be returned to Buyer or (ii) agree to fund One Million Five Hundred Thousand Dollars ($1,500,000) (rather than $500,000 as otherwise required) into the Holdback Escrow at the Tranche 1 Closing.

  • The Purchaser shall deposit the amount of the Purchase Price payable for the Tranche 1 Shares (as set out in Exhibit A) into the Company’s account at Westpac Banking Corporation, the details of which are set out in Exhibit B, on the Tranche 1 Closing Date in immediately available cleared funds.

  • The Purchaser hereby represents and warrants to the Company as of the date of this Agreement and as of the Tranche 1 Closing and (subject to the Company having received the approval of its shareholders to issue the Tranche 2 Shares) as of the Tranche 2 Closing that the Purchaser is not aware of any general solicitation or publication of any advertisement, as such terms are defined in Regulation D under the Securities Act, in connection with the transactions contemplated in this Agreement.

  • Pursuant to and in accordance with the rights set forth in Section 4.13, the Board of Directors shall have elected, effective as of the Tranche 1 Closing, Xxxx Xxxxxx and Xxxx Xxxxxx (or such other individuals designated by the applicable Purchasers, which other individuals are acceptable to the Company, such acceptance not to be unreasonably withheld) to the Board of Directors of the Company, to serve as a Class I Director and a Class III Director, respectively.

  • The Purchaser hereby represents and warrants to the Company as of the date of this Agreement and as of the Tranche 1 Closing and (subject to the Company having received the approval of its shareholders to issue the Tranche 2 Shares) as of the Tranche 2 Closing that the Purchaser is acquiring the Shares for its own account, and not with a view towards their distribution.

  • The Company represents and warrants to the Purchaser that each warranty in this Section 3 is true and accurate and not misleading as of the date of this Agreement and as of the Tranche 1 Closing and (subject to the Company having received the approval of its shareholders to issue the Tranche 2 Shares) as of the Tranche 2 Closing.


More Definitions of Tranche 1 Closing

Tranche 1 Closing has the meaning ascribed thereto in the Securities Purchase Agreement.
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Tranche 1 Closing. “Tranche 2 Closing” and “Tranche 3 Closing”: As defined in Section 1.3.”
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Tranche 1 Closing is defined in ‎Section 3.1(a).
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Tranche 1 Closing has the meaning set forth in Section 1.2(a).
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Tranche 1 Closing has the meaning ascribed thereto in Section 2.2.
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Related to Tranche 1 Closing

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

  • Loan Closing Date means the date upon which the Loan is made to the Company.

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

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

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

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

  • Subsequent Closing has the meaning set forth in Section 3.2.

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

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

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

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • 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.

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

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

  • Scheduled Closing Date Has the meaning specified in the Note Purchase Agreement.

  • Acquisition Closing Date means the “Closing Date” as defined in the Acquisition Agreement.

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

  • 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.

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

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

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

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

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

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

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

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