Closing and Delivery definition
Closing and Delivery. Subject to the fulfillment or valid waiver of the conditions set forth in Section 6, the closing of the subscription for Series A Shares by the Investor (the “Closing”) shall be held at the offices of Skadden, Arps, Slate, ▇▇▇▇▇▇▇ & ▇▇▇▇ LLP, in Beijing, the PRC, on August 21, 2006, or at such other time and place as the parties hereto may agree upon. If the Closing does not occur on August 21, 2006, this Agreement shall expire unless the parties hereto otherwise agree. At the Closing, the Investor shall issue an irrevocable instruction to transfer the Subscription Amount in immediately available funds to the Company Account and deliver a confirmation notice to the Company that such instruction has been given. Upon the receipt of such confirmation notice from the Investor, the Company shall, forthwith, issue a share certificate representing the Series A Shares subscribed for by the Investor, enter such subscription in its Register of Members and deliver to the Investor a certified copy of the Register of Members reflecting the issuance of the Series A Shares.”
Examples of Closing and Delivery in a sentence
Acquiree has one class of stock, which is denominated as Common Shares, of which 25,000,000 shares are authorized and a total of 13,845,000 shares are and will be issued and outstanding as of the Closing and Delivery Date.
Cash or certified check at time of Closing and Delivery of the Deed $ Total $ The Department of General Services, pending Closing, shall hold the 10% deposit in escrow.
In the event that Buyer accepts physical possession of the Aircraft’s logbooks or records at any time during the course of its due diligence and/or technical Inspection prior to the Closing and Delivery, then Buyer assumes the risk of loss for those records and shall be liable for damages caused to Seller caused as a result of Buyer’s loss of records.