Common use of Simultaneous Closing Clause in Contracts

Simultaneous Closing. The Formation Transactions shall close simultaneously with the closing of the IPO and the receipt of the net proceeds of the IPO by the Company (the “Closing”). The date on which the Formation Transactions close shall be the “Closing Date.”

Appears in 27 contracts

Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)

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Simultaneous Closing. The Formation Transactions Transaction shall close simultaneously with the closing of the IPO and IPO, the receipt of the net proceeds of the IPO by the Company and the receipt by Contributor of the Exchange Consideration (as defined below) (the “Closing”). The date on which the Formation Transactions close Transaction closes shall be the “Closing Date.”

Appears in 8 contracts

Samples: Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.), Purchase and Sale Agreement (Campus Crest Communities, Inc.)

Simultaneous Closing. The Formation Transactions Transaction shall close simultaneously with the closing of the IPO and IPO, the receipt of the net proceeds of the IPO by the Company and the receipt of the consideration by Xxxxxx of the Xxxxxx Consideration (as defined below) (the “Closing”). The date on which the Formation Transactions close Transaction closes shall be the “Closing Date.”

Appears in 2 contracts

Samples: Contribution Agreement (Campus Crest Communities, Inc.), Contribution Agreement (Campus Crest Communities, Inc.)

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Simultaneous Closing. The Formation Transactions shall close simultaneously with the closing of the IPO and the receipt of the net proceeds of the IPO by the Company (the “Closing”). The date on which the Formation Transactions close shall be the “Closing Date.”

Appears in 2 contracts

Samples: Contribution Agreement (American Campus Communities Inc), Contribution Agreement (American Campus Communities Inc)

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