Fund Closing definition
Examples of Fund Closing in a sentence
As of the Valuation Time, the Acquiring Fund will advise the Target Fund of all known liabilities, contingent or otherwise, whether or not incurred in the ordinary course of business, existing or accrued as of such time, except to the extent disclosed in the Acquiring Fund Closing Financial Statements or to the extent already known by the Target Fund.
As of the Valuation Time, the Target Fund will advise the Acquiring Fund of all known liabilities, contingent or otherwise, whether or not incurred in the ordinary course of business, existing or accrued as of such time, except to the extent disclosed in the Target Fund Closing Financial Statements or to the extent already known by the Acquiring Fund.
As of the Valuation Date, the Acquiring Fund will advise the Target Fund in writing of all known liabilities, contingent or otherwise, whether or not incurred in the ordinary course of business, existing or accrued as of such time, not otherwise disclosed in the Acquiring Fund Closing Financial Statements.
The PEF processes Grant payments via automatic clearinghouse (“ACH”) payments through FROST BANK and its integrated Treasury Management System.
In the event Developer has not commenced and diligently pursued construction of the Project within sixty (60) days of the Fund Closing Date, through no fault of City, in addition to any other rights that may accrue to the City pursuant to this Agreement, City shall have the right to terminate this Agreement.
This subscription, if submitted to the Fund on or before December 31, 1998 (the "Offering Termination Date"), is subject to acceptance by the Fund with respect to the Commitment subscribed for herein, or such smaller Commitment as the Fund may, in its sole discretion, determine, at a closing to be held on such date on or before December 31, 1998 as is designated by the Fund ("Closing").
It is the express intent of the parties that the Fund Closing shall occur simultaneously with the closing of all of the Developer’s equity, financing and all other funding as shown on the Financial Projections.
Developer agrees to commence and subsequently complete, in all material respects, construction of the Project as soon as reasonably possible after the Development Closing, but in no event later than thirty-six (36) months from the Fund Closing, subject to permitted delays provided for in Section 5.06 hereof.
Prior to the Fund Closing, Developer shall prepare a form of Declaration containing private restrictions governing the development of the Project Real Estate in a form subject to City approval, which approval City agrees shall not be withheld, conditioned or delayed (“Declaration”).
Developer hereby grants and conveys to City a right of first refusal to acquire the Project Real Estate which shall commence on the Effective Date and expire on the Fund Closing.