Tranche C Closing definition

Tranche C Closing means the consummation of the transactions contemplated by this Agreement in respect of the issuance and purchase of the Tranche C Debenture, after the fulfillment or waiver of the conditions set out in Sections 4.5.
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Tranche C Closing has the meaning set forth in Section 2.3(c)(3).
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Tranche C Closing. Each Tranche C Closing shall take place at the offices of Kxxxxxxx & Exxxx LLP located at 300 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx at 10:00 a.m. local time on the second Business Day following full satisfaction or due waiver of all of the closing conditions set forth in Section 4 hereof, or at such other place or on such other date as may be mutually agreeable to the Company and Purchaser. At each Tranche C Closing, the Company shall cause its transfer agent to deliver to Purchaser stock certificates evidencing the Tranche C Preferred Stock to be purchased by Purchaser, registered in Purchaser’s or its nominee’s name, upon payment of the purchase price thereof by wire transfer of immediately available funds to the Company’s account, which such account shall be specified in writing by the Company not less than two Business Days prior to such Tranche C Closing, in the aggregate amount equal to the number of shares of Tranche C Preferred Stock purchased by Purchaser at such Tranche C Closing times the Per Share Purchase Price. The term “Closing” shall refer to the Initial Closing, the Tranche B Closing and any Tranche C Closing, as the context requires, and the term “Subsequent Closing” shall refer to the Tranche B Closing or any Tranche C Closing, as the context requires.
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Examples of Tranche C Closing in a sentence

  • The term “Closing” shall refer to the Initial Closing, the Tranche B Closing and any Tranche C Closing, as the context requires, and the term “Subsequent Closing” shall refer to the Tranche B Closing or any Tranche C Closing, as the context requires.

  • The Borrower may borrow under the Tranche C Term Loan Commitment on the Tranche C Closing Date, provided that, the Borrower shall deliver to the Administrative Agent a Borrowing Notice (which Borrowing Notice must be received by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day prior to the Tranche C Closing Date), specifying the amount of Tranche C Term Loans to be borrowed.

  • On the date that the Issuer confirms to the Purchaser’s counsel that such funds have been received (which shall occur promptly following receipt of the Tranche C Subscription Amount), the Tranche C Debenture shall be released to the Purchaser (and the date of receipt of such funds shall be deemed the Tranche C Closing Date).

  • Upon receipt of the Tranche C Debenture by counsel to the Purchaser and the execution and/or delivery of such other documents contemplated hereby to be executed and/or delivered on or prior to the Tranche C Closing, the Purchaser shall promptly cause a wire transfer in same day funds to be sent to the account of the Issuer, as instructed in writing by the Issuer, in an amount equal to the Tranche C Subscription Amount.

  • On the Tranche C Closing Date, provided the conditions set out in this Section 4.5 below have been fulfilled or waived on or before such date, the Issuer shall promptly deliver to Purchaser’s counsel, in trust, the Tranche C Debenture, registered in the name of the Purchaser, with instructions that such Tranche C Debenture is to be held in escrow for release to the Purchaser only upon payment of the Tranche C Subscription Amount to the Issuer, and confirmation of receipt of such payments by the Issuer.

  • Subject to the terms and conditions hereof, each Tranche C Term Loan Lender severally agrees to make a term loan (a “Tranche C Term Loan”) to the Borrower on the Tranche C Closing Date in an amount not to exceed the Tranche C Term Loan Commitment of such Lender.

  • The Debenture or Preferred Shares, as the case may be, and the Warrant purchased by the Purchaser at the Tranche C Closing are sometimes referred to as the Tranche C Debenture, the Tranche C Preferred Shares and the Tranche C Warrant, respectively.

  • Schedule 1 hereto sets forth the portion, if any, of the undersigned’s Tranche C Term Loan Commitment that the undersigned wishes to satisfy by converting to Tranche C Term Loans an equivalent portion of the undersigned’s Term Loans outstanding on the Tranche C Closing Date.

  • The incurrence of the Tranche C Loans by the Company hereunder shall not be enjoined (temporarily or permanently) on the Tranche C Closing Date.

  • Borrower shall issue, execute and deliver to each Lender to evidence such Lender’s Term Loan, (i) on the Tranche A Closing Date, a Tranche A Term Loan Note, (ii) on the Tranche B Closing Date, a Tranche B Term Loan Note, (iii) on the Tranche C Closing Date, a Tranche C Term Loan Note, (iv) on the Tranche D Closing Date, a Tranche D Term Loan Note, (v) on the Tranche E Closing Date, a Tranche E Term Loan Note, and (vi) on the Tranche F Closing Date, a Tranche F Term Loan Note.


More Definitions of Tranche C Closing

Tranche C Closing has the meaning set forth in Section 1.4A.
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Tranche C Closing. Tranche B Closing Date", "Tranche C Closing Date ", "Preferred Stock", "Preferred Shares", "Articles of Amendment", "Exchange" and "Exchange Date" shall be deleted.
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Related to Tranche C 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.

  • 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.

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

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

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

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

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

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

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

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

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

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

  • 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.

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

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

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

  • 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.

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

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

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

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

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

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

  • Increased Facility Closing Date any Business Day designated as such in an Increased Facility Activation Notice.