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

• This Agreement may be terminated by the Company by written notice to the Purchaser, if in either case, if a Closing has not been consummated on or before the fifth (5th) Trading Day following the scheduled deadline of the Initial Closing Date and any Subsequent Closing Date; provided, however, that no such termination will affect the right of any party to sue for any breach by any other party (or parties).

• On the Initial Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and the Purchaser agrees to purchase, the Initial Closing Shares at a price per Share equal to the Per Share Purchase Price.

• The Purchaser covenants that neither it nor any Affiliate acting on its behalf or pursuant to any understanding with it will execute any purchases or sales, including Short Sales of any of the Company’s securities during the period commencing with the execution of this Agreement and the Initial Closing Date.

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 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.

Initial Closing Date means the date of the Agreement.