Examples of Tranche II Closing in a sentence
Upon the making of any Tranche II Advance by a Lender, such Lender’s Tranche II Commitment shall be permanently reduced by an amount equal to such Tranche II Advance and any Tranche II Commitment not drawn on the Tranche II Closing Date shall terminate.
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.
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 00 Xxxxxxxxxx Xxxxxx West, Suite 3000, Toronto, Ontario, or at such other place as may be agreed upon by the Company and CommScope.
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.
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.
Any interest accruing under this Clause 10.4 shall be immediately payable by the Obligor on demand by the BPIAE Agent.
Xxxxxxxx XX shall remain the sole officer and director of the Company and shall resign upon the Tranche II Closing Date.
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.
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.
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).