First Closing definition
Examples of First Closing in a sentence
Each time for the delivery of and payment for the Optional Securities, being herein referred to as an “Optional Closing Date,” which may be the First Closing Date (the First Closing Date and each Optional Closing Date, if any, being sometimes referred to as a “Closing Date”), shall be determined by the Representative but shall not be earlier than the First Closing Date nor later than five (5) full Business Days after written notice of election to purchase Optional Securities is given.
As at the Execution Date and repeated immediately prior to the First Closing Date and the Second Closing Date (as applicable), 80 Mile gives the Warranties set out in Schedule 1, and March GL gives the Warranties set out in Schedule 2, subject in each case to the limitations set out in Schedule 3.
In the event that such a claim is not paid prior to First Closing, 80 Mile shall use reasonable endeavours to pursue payment in respect of such a claim and shall have the right to receive any payment made in respect of any such claim made prior to First Closing as, when and to the extent such claim shall be paid.