Tranche II Closing definition
Examples of Tranche II Closing in a sentence
If the conditions described by this Section 3.7 are subsequently satisfied, then the Purchaser shall render payment for the Tranche II Shares in the amount of $225,000 as directed by the Company on the Tranche II Closing Date as specified in Section 1.2(b).
CommScope shall satisfy the Tranche II Subscription Price at the Tranche II Closing Time by a wire transfer of funds to the Company of an amount equal to the Tranche II Subscription Price.
At the Tranche II Closing Category 5 will execute and deliver or cause to be executed and delivered to the Sellers Instructions to the Escrow Agent to release the applicable number of Tranche II Shares.
The release of the Tranche II Shares from Escrow (each, a "Tranche II Closing") shall occur at Category 5's offices in Salt Lake City, Utah, on the 30th day following confirmation by Category 5 that Flash has met the conditions set forth in Section 1.2(ii) above and in the Escrow Agreement for release of the Tranche II Shares.
At the Trance II Closing, the Company shall have received the resignation, effective as of the Tranche II Closing and in a form reasonably acceptable to Purchaser of T▇▇ ▇.
Upon and subject to the terms and conditions of this Agreement, on the Tranche II Closing Date, CommScope shall purchase, and the Company shall issue to CommScope, the Tranche II Shares for the Tranche II Subscription Price.
All representations of the Sellers in this Agreement or the Schedules and Exhibits hereto, or in any written statement or certificate that shall be delivered to Category 5 under this Agreement, other than those representations which reference a specific date therein, shall be true on and as of such Tranche II Closing Date as though such representations and warranties were made on and as of that date, and the Sellers shall have delivered a certificate, dated such Tranche II Closing date so certifying.
The Tranche I Closing, the Tranche II Closing, the Tranche III Closing and the Tranche IV Closing shall take place at the Tranche I Closing Time, the Tranche II Closing Time, the Tranche III Closing Time and the Tranche IV Closing Time, respectively, at the offices of Torys LLP located at ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ West, Suite 3000, Toronto, Ontario, or at such other place as may be agreed upon by the Company and CommScope.
The representations and warranties in this Agreement that are qualified by a reference to materiality or Material Adverse Effect shall be true and accurate as of Tranche II Closing Date, and the representations and warranties in this Agreement that are not qualified by a reference to materiality or Material Adverse Effect shall be true and accurate in all material respects as of the Tranche II Closing Date.
The Purchaser has on call and will have on the Tranche I Closing Date available funds sufficient to (a) consummate the purchase of the Tranche I Stock to be purchased by it on the Tranche I Closing Date and (b) consummate the purchase of the Tranche II Stock to be purchased by it on the Tranche II Closing Date.