Initial Closing Date definition

Initial Closing Date has the meaning set forth in Section 2.1.

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Initial Closing Date shall have the meaning assigned to such term in Section 2.2 hereof.

Initial Closing Date means the date on which the Initial Closing occurs.

Examples of Initial Closing Date in a sentence

• Any investment vehicle for multiple investors formed after the Initial Closing Date with investment objectives and criteria substantially similar to those of the Company and whose investments are directed by the Adviser’s Private Credit Group.

• Furthermore, certain Drawdown Purchases may be made on a non-pro rata basis by Members that provide Commitments after the Initial Closing Date.

• Commencing with the calendar year that begins after the Initial Closing Date, the Company will hold an annual meeting for the purposes of electing Directors and offering the Members the opportunity to review and discuss the Company’s investment activity and portfolio, and for such other business as may lawfully come before the Members.

• In addition, the Adviser has delivered on the Initial Closing Date to the Company (for the benefit of the Company and the Members) the adviser representation letter in the form attached hereto as Exhibit 2.

• The Company has agreed to reimburse the Lead Investor for its reasonable and documented out-of-pocket legal fees and expenses incurred in connection with the Transaction Documents, provided that the total fees and expenses for which the Company shall reimburse shall not exceed $400,000.00, which shall be deducted from the Lead Investor’s Subscription Amount to be delivered by the Lead Investor to the Company on the Initial Closing Date.

More Definitions of Initial Closing Date

Initial Closing Date means the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers’ obligations to pay the Subscription Amount and (ii) the Company’s obligations to deliver the Securities, in each case, have been satisfied or waived; provided, however, the Initial Closing Date shall not be later than two (2) Trading Days after the date of this Agreement.

Initial Closing Date shall have the meaning set forth in the Securities Purchase Agreement.

Initial Closing Date means the date of the Initial Closing.

Initial Closing Date is defined in Section 3.

Initial Closing Date has the meaning set forth in Section 4.

Initial Closing Date. The Closing Date on which the Initial Purchaser purchases and the Seller sells the first Mortgage Loan Package hereunder.

Initial Closing Date means the Initial Closing Date as defined in the Purchase Agreement.