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 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.

Examples of Initial Closing Date in a sentence

Each of the Private Unit Subscribers shall have caused the purchase price for the number of Private Units to be purchased by it on the Initial Closing Date to be wired to the Trust Account and/or the Company’s operating account, as directed by the Company.
On the Initial Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and the Purchasers, severally and not jointly, agree to purchase, up to an aggregate of approximately $16 million Initial Preferred Shares with an aggregate Stated Value for each Purchaser equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser, and Initial Warrants as determined pursuant to Section 2.3(a).
The Company covenants that, if the Purchaser delivers a Notice of Conversion (as defined in the Certificate of Designations) to convert any Initial Preferred Shares between the date hereof and the Initial Closing Date, the Company shall deliver Conversion Shares to the Purchaser on the Initial Closing Date in connection with such Notice of Conversion.
Prior to the Initial Closing Date, not to issue any press release or other communication directly or indirectly or hold any press conference with respect to the Company, its condition, financial or otherwise, or earnings, business affairs or business prospects, without the prior consent of the Representative, unless in the judgment of the Company and its counsel, and after notification to the Representative, such press release or communication is required by law or the rules of the Exchange.
The Initial Closing Date and the location of delivery of, and the form of payment for, the Firm Units may be varied by agreement between the Company and the Representative.

More Definitions of Initial Closing Date

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

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 has the meaning set forth in Section 3.1 hereof.

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.