Common use of Transaction Closing Clause in Contracts

Transaction Closing. On or before March 6, 2026, Borrower shall consummate the Specified Asset Sale or the Refinancing Alternative (and in either case, for avoidance of doubt, shall repay the First Out Obligations in full at such time).”

Appears in 1 contract

Sources: Loan and Security Agreement (XCel Brands, Inc.)

Transaction Closing. On or before March 624, 2026, Borrower shall consummate the Specified Asset Sale or the Refinancing Alternative (and in either case, for avoidance of doubt, shall repay the First Out Obligations in full at such time).”

Appears in 1 contract

Sources: Loan and Security Agreement (XCel Brands, Inc.)