Initial Closing definition

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

Initial Closing has 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

• The covenants and agreements herein that Buyer is required hereby to perform or comply with at or prior to the Effective Time (solely to the extent that such covenant or agreement was required to be complied with by Buyer prior to the Initial Closing) shall have been complied with in all material respects.

• Each Subsequent Closing Partner shall be treated as if it has been admitted, or as if the increase has been included in its Commitment, at the Initial Closing Date.

• No later than one (1) Business Day prior to the Initial Closing, Seller and Buyer shall execute and deliver to each other and the Escrow Agent duly executed counterparts of the Escrow Agreement, and shall cause the Escrow Agent to execute and deliver a duly executed counterpart to the Escrow Agreement to each of Seller and Buyer.

• If on termination of the Fund, any amount of Fee Income remains that has not been applied to reduce the Management Fee pursuant to this 13 Initial Closing Date may be appropriate for some funds.

• The covenants and agreements herein (other than those set forth in Section 5.17) that Seller is required hereby to perform or comply with at or prior to the Effective Time (solely to the extent that such covenant or agreement was required to be complied with by Seller prior to the Initial Closing) shall have been complied with in all material respects.

More Definitions of Initial Closing

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

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

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 2.4(a) of this Agreement.

Initial Closing has the meaning set forth in the Purchase Agreement.

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