Initial Closing Sellers definition

Initial Closing Sellers means the Sellers listed as “Initial Closing Sellers” on Schedule I hereto.
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Examples of Initial Closing Sellers in a sentence

  • At the Initial Closing, Sellers shall payoff all amounts owed under the vehicle leases and Sellers shall direct the leasing company to deliver title to the Vehicles, and the Buyer shall receive good and marketable title to each and all of the Vehicles, free and clear of all Liens.

  • Name and Address of Initial Closing Sellers Initial Purchased Paired Interests Class [ ] Address: [ ] [ ] [ ] Additional Purchased Paired Interests.

  • At least [***] days prior to the Initial Closing, Sellers shall provide to Buyer a register of all Furnishings and Equipment owned by Sellers and located at the Stores as of the Sellers’ most recent monthly accounting period for which the Sellers’ books have been closed.

  • If Purchaser does not exercise its remedies to terminate this Agreement and does not elect to accept title with uncured title matters, for each such property not conveyed at the Initial Closing Sellers shall execute and deliver to Purchaser a lease or management agreement for a period of six (6) months for a total consideration to SELLERS in the sum of ONE DOLLAR ($1.00) to allow Sellers additional time to cure the objectionable title matters.

  • At the Initial Closing, Sellers shall deliver executed subordination agreements from each of BBB Funding, LLC, Thermo Fluids, Inc.

  • From time to time following the Initial Closing, Sellers and the Shareholder shall execute and deliver, or cause to be executed and delivered, to Buyer such other instruments of conveyance and transfer as Buyer may reasonably request or as may be otherwise necessary to more effectively convey and transfer to, and vest in, Buyer and put the Buyer in possession of the Licenses.

  • At the Initial Closing, Sellers, in their sole discretion, may defer until Subsequent Closings the sale of the Deferred Assets.

  • Name of Initial Closing Sellers Initial Purchased Paired Interests Xxxxx 2015 Charitable Remainder Trust 249,050 Xxxxxx Free 1,944,444 Xxxxx Xxxxx 2015 Charitable Remainder Trust 298,861 Xxx Xxxxxxxxx 124,525 Xxxxxx X.

  • At the Closing, subject to the terms and conditions set forth in Section 7.1 and Section 7.2 below, as applicable: (a) the Purchaser shall purchase from the Initial Closing Sellers, and the Initial Closing Sellers shall sell, convey, assign, transfer, and deliver to the Purchaser, all of the Initial Closing Shares free and clear of all liens; and (b) the Purchaser shall purchase from Xxxxxxx X.

  • Prior to the Initial Closing, Sellers and their Covered Affiliates shall change, effective as of the Initial Closing, the individuals authorized to draw on or having access to the bank, savings, deposit or custodial accounts and safe deposit boxes used in the Business or maintained by the Group Companies to the individuals designated in writing by Buyer.

Related to Initial Closing Sellers

  • Second Closing has the meaning set forth in Section 2.2.

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

  • Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

  • Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

  • First Closing has the meaning set forth in Section 2.1(a).

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Second Closing Date means the date of the Second Closing.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Selling Stockholders means Purchaser and any other purchaser of Units in the Offering, and their respective successors and assigns.

  • Other Selling Stockholders means persons other than Holders who, by virtue of agreements with the Company, are entitled to include their Other Shares in certain registrations hereunder.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Selling Shareholders sections in substantially the form attached hereto as Exhibit B. The Company shall use its reasonable best efforts to have the Initial Registration Statement declared effective by the SEC as soon as practicable, but in no event later than the Initial Effectiveness Deadline. By 9:30 a.m. New York time on the Business Day following the Initial Effective Date, the Company shall file with the SEC in accordance with Rule 424 under the 1933 Act the final prospectus to be used in connection with sales pursuant to such Initial Registration Statement.

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Selling Shareholder has the meaning set forth in Section 3.04(a).

  • Final Closing means the last closing under the Private Placement;

  • Additional Closing has the meaning set forth in Section 2.3.

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

  • Applicable Closing Date Has the meaning specified in Section 5.01(b) of this Trust Supplement.

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.