Common use of Early Closing Clause in Contracts

Early Closing. Upon written notice by the Shareholders Representative ------------- to the Buyer (the "Shareholders' Notice"), the Shareholders may demand that Buyer take down the funds pursuant to the commitments attached as Schedule 6.9 to fund the transactions contemplated by this Agreement. In the event a Shareholders' Notice is given, the Closing shall occur on the later of (i) fifteen calendar days after delivery of the Shareholders' Notice to Buyer; or (ii) the date which is three business days after receipt by Buyer and DBI of necessary approvals under the HSR Act, but in any event, not prior to twenty- eight days after the date of this Agreement, or on such earlier date agreed upon by Buyer and DBI.

Appears in 2 contracts

Sources: Recapitalization Agreement (Diamond Brands Operating Corp), Recapitalization Agreement (Diamond Brands Inc)