Initial Closing definition

Initial Closing shall have the meaning ascribed to such term in Section 2.1.

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Initial Closing shall have the meaning set forth in Section 2.1.

Initial Closing means the closing of the purchase and sale of the Common Stock pursuant to Section 2.1.

Examples of Initial Closing in a sentence

• On the Initial Closing Date, upon the payment by the Purchaser of the Purchase Price, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.

• The representations, warranties and covenants of PLBY and the Company contained herein (including, PLBY’s obligations under Clause 11.2) shall survive each of the Initial Closing, the Second Sale and the Final Sale, and shall remain in full force and effect until the date that is 12 months after the Final Sale.

• Upon consummation of the transactions contemplated by this Agreement and the Transaction Documents, at and immediately after each of the Initial Closing Date, 2027 Closing Date and 2028 Closing Date, UTG will (a) be able to pay its respective debts as they become due and (b) have adequate capital to carry on its obligations provided in the Management Services Agreement.

• Subject to required government approvals, UTG has, and will have at the Initial Closing Date, the 2027 Closing Date and the 2028 Closing Date, sufficient funds on hand or immediately available to pay the applicable consideration with respect to each Closing pursuant to Clauses 4.1, 4.2 and 4.3 above.

• From the date hereof until the earlier of termination of this Agreement or the Initial Closing Date, none of PLBY, PLBY Parent or the Company shall, nor shall they permit their respective Representatives or Affiliates to, solicit, initiate, facilitate or encourage any Competing Offer or Competing Transaction or negotiate with respect to, discuss, continue or agree to any Competing Offer or any Competing Transaction.

More Definitions of Initial Closing

Initial Closing shall have the meaning set forth in Section 3.1.

Initial Closing shall have the meaning specified in Section 7.2(a) hereof.

Initial Closing means the date of the initial sale of shares of the Company’s Series C Preferred Stock pursuant to the Purchase Agreement.

Initial Closing means the first closing of the Offering that will occur after the Minimum Offering is achieved.

Initial Closing has the meaning set forth in Section 6.3.

Initial Closing has the meaning assigned that term in the Purchase Agreement.

Initial Closing shall have the meaning assigned thereto in the Master PSA.