1st Closing definition

1st Closing means the completion of the transfer of Shares pursuant to Section 3.1 and “1st Closing Date” shall have the meaning as defined in Section 3.1.
Sample 1

Examples of 1st Closing in a sentence

  • As promptly as practicable after the 1st Closing, the Company shall use its best efforts to obtain the resignation of one current member of the Board of Directors and cause the nomination and election to the two vacant director positions the Initial Investor Designees.

  • The Commercial & Leisure Services Manager reported on the Car Parking Working Group meeting held recently.

  • If the 1st Closing does not occur on or before 30 September 2019, or such later date as the parties may mutually agree in writing, the ATA shall be terminated at any time by any party to the ATA, provided that the failure to consummate the transactions under the ATA is not due to the breach of such party.

  • Under the ATA, SG Bike will also assume and thereafter pay, discharge and perform in such manner as SG Bike shall determine in its discretion, the liabilities of the Seller to repay user deposits and prepayments as at the 1st Closing date, in an aggregate amount not exceeding US$1,470,000 (or approximately S$2,021,250).

  • Intellectual property license agreement, whereby under (b) and (c), SG Bike may utilise the specified trademarks and intellectual property of the Seller’s group for a certain term after the 1st Closing.

  • The Seller and Mobike further agree and undertake to, inter alia, facilitate the user migration to SG Bike’s application platform, and also not to directly or indirectly seek to repay or reduce any user deposits and prepayments from the 1st Closing date to 31 December 2019, save as required by any government authority or applicable laws.

  • The structure is located north to south on the east central side of the site.

  • Pursuant to the 1st Closing, the Company issued 4,173,632 Shares for aggregate gross proceeds from the 1st Closing of $918,199.

  • All such qualifications and filings will, in the case of qualifications, be effective on the date of the 1st Closing or the 2nd Closing and will, in the case of filings, be made within the time prescribed by law.

  • Interest on the unpaid Loan Principal Amount shall accrue with respect to each installment payment from the date of the actual payment of such respective installment to the Company (including the 1st Closing, the 2nd Closing or any other date of actual payment), at a rate equals to LIBOR for one year plus 2.3% per annum, compounded annually (and prorated with respect to any portion thereof), until the entire Loan Amount is paid in full (the “Interest”).

Related to 1st Closing

  • First Closing has the meaning set forth in Section 2.1(a).

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Second Closing has the meaning set forth in Section 2.2.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Final Closing means the last closing under the Private Placement;

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • Additional Closing has the meaning set forth in Section 2.3.

  • Second Closing Date has the meaning set forth in Section 1.3.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • Seller’s Closing Documents as defined in Section 3.2(a).

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Acquisition Closing Date means the “Closing Date” under and as defined in the Acquisition Agreement.

  • Original Closing Date means March 21, 2013.

  • Merger Closing shall have the meaning set forth in Section 2.2.