Closing Call definition
Examples of Closing Call in a sentence
Except as otherwise stated below, the purchase price of the Shares purchased pursuant to each Closing Call will be the Fund's net asset value per Share ("Net Asset Value") on the date of each purchase, as determined in conformity with the requirements of the Investment Company Act of 1940, as amended ("1940 Act").
Closing Calls shall be deemed made when mailed to the Subscriber not later than 15 days before the date for the purchase of Shares specified in the Closing Call, by first class mail to the Subscriber's address specified on the signature page of this Agreement or such other address as the Subscriber shall notify the Fund in writing.
During Closing Call Auction, the current bid (or last traded price in the absence of the current bid) will be used for checking.
Payments made to purchase Shares specified in a Closing Call shall be made on or before the payment date specified in the Closing Call therefore (the "Payment Date").
No Closing Call shall be made after December 31, 1998, and any uncalled portion of the Subscriber's Commitment as of that date will lapse as to the uncalled portion of the Commitment.
Subscriber agrees to purchase Shares with a purchase price equal to the amount of the Subscriber's Commitment, in one or more installments and in the amounts and on the dates specified by the Fund in one or more written notices ("Closing Call") conforming to the requirements of this Agreement.
If the Closing Call Right shall ever expire unexercised, then the Closing Call Right may never be exercised thereafter regardless of whether or not any subsequent WMX Control Change shall occur.
GoodLeap hereby reserves the right to perform a Closing Call following the Loan Funding Date for any such Consumer.
Loanpal hereby reserves the right to perform a Closing Call following the Loan Funding Date for any such Consumer.
If any material Consumer Complaint is brought forth by the Consumer as part of the Closing Call, Loanpal shall promptly notify Installer.