Accelerated Closing definition
Examples of Accelerated Closing in a sentence
Without limiting the foregoing, and for the purpose of clarification only, delivery by Purchaser of the Accelerated Closing Date Notice shall constitute Purchaser’s acceptance of all title exceptions encumbering the Property as of the Closing Date.
The parties agree that immediately upon the date Supplier learns of any such Accelerated Closing of a Covered Store, ▇▇▇▇▇ Mart shall have the obligation to immediately reconcile any underpayments made to Supplier of Net Revenue for each such applicable Covered Store.
Within thirty (30) days after the actual closing of such Covered Store(s), the actual shrinkage will be calculated for such Covered Store(s) and ▇▇▇▇▇ Mart agrees Supplier shall have the right to the actual cost value of such shrink occurring during the time period commencing the one hundred twentieth (120th) day prior to the closing of such Covered Store(s) and continuing until the actual closing date in the event of an Accelerated Closing.
In the event that Series A Preferred Shares are purchased and sold at an Accelerated Closing in accordance with this Section 1.03, then the respective obligations of the parties to purchase and sell shares on the immediately subsequent Scheduled Closing Date(s) shall be correspondingly reduced.
With respect to an Accelerated Closing, Connector shall have the option of following the procedure set forth above, or, in the alternative, engaging the Company's independent certified public accountants to conduct an audit of the Company's financial statements for the twelve (12) consecutive accounting months for which the Closing EBITA was determined.
The foregoing shall not apply if the Company fails to provide at least fifteen (15) days’ notice of an Accelerated Closing Event as required pursuant to the terms of Section 2.2(b) above.
Notwithstanding anything to the -------------------- contrary herein, the Purchaser may, upon written notice to the Company (each, an "Acceleration Notice"), elect to have an accelerated closing (each, an "Accelerated Closing"), wherein the parties close on the purchase and sale of any or all of the Series A Preferred Shares in advance of one or more of the Scheduled Closing Dates.
Within five (5) business days following written request by Seller, which request may be made from time to time following an Accelerated Closing Notice, Purchaser may (but shall not be obligated to) furnish to Seller a written description and quantification (a “Lost Financing Cost Summary”) of any costs that would constitute Lost Financing Costs if Seller were to send an Acceleration Revocation to Purchaser as of the date of such Lost Financing Cost Summary.
In the event Purchaser makes such election, closing on the purchase and sale of the Ownership Interests of the Owner of the Accelerated Closing Property shall take place on the Accelerated Closing Date on the same terms and conditions, and for the same price, as payable by Declarant for the Accelerated Closing Property pursuant to Declarant's repurchase right arising as a result of Owner's failure to complete the "Required Improvements" for such Property pursuant to Article 9 of the DCCRO.
Upon receipt of an Accelerated Closing Notice, the Purchaser shall deliver the applicable Subscription Amount and the Company shall deliver the applicable Advanced Conversion Shares on the 2nd Trading Day following receipt of the Advanced Closing Notice.