Common use of Second Tranche Closing Clause in Contracts

Second Tranche Closing. Subject to the satisfaction of the conditions set forth in Section 7.1, Section 7.2 and Section 7.3, or the waiver thereof by the Party entitled to waive that condition, the closing of the subscription and payment for the Second Tranche Shares (the “Second Closing”) will take place at, or be directed from, the offices of ▇▇▇▇▇ Day located at ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, New York, New York, or at such other place as NII Telecom and Investor may agree, at 10:00 a.m. New York City time, on the date that is five Business Days following the satisfaction or waiver of the conditions set forth in Article VII, other than conditions that by their nature are to be satisfied at the Second Closing, but subject to the satisfaction or waiver of such conditions, unless another time or date, or both, are agreed to in writing by the Parties (the “Second Closing Date”).