Final Closing definition
Examples of Final Closing in a sentence
Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Final Closing shall take place remotely by electronic transfer of the Final Closing documentation.
The Company will notify the Purchasers and the Placement Agent in writing, prior to the Final Closing Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, become a Disqualification Event relating to any Issuer Covered Person.
This Agreement may be terminated by any Purchaser, as to such Purchaser’s obligations hereunder only and without any effect whatsoever on the obligations between the Company and the other Purchasers, by written notice to the other parties, if the Final Closing has not been consummated on or before February 28, 2026; provided, however, that no such termination will affect the right of any party to sue for any breach by any other party (or parties).
The Company has no knowledge of any facts or circumstances which lead it to believe that it will file for reorganization or liquidation under the bankruptcy or reorganization laws of any jurisdiction within one year from the Final Closing Date.
Until the two (2)-year anniversary of the Final Closing, the Company shall not increase the size of the Board of Directors to more than seven (7) directors without the prior written consent of 325 Capital.