Examples of Initial Sale in a sentence
BACKTOCONTENT1.3. Investor roleAt the end of the promo period each Investor (every holder of 10=Active Cards from “Promo Collection”+Land cards+Construction cards) will receive an access to the 1st stage of Initial sale.
More Definitions of Initial Sale
Initial Sale means (i) the first transaction after the commencement of any accounts receivable financing arrangement in which accounts receivable are sold by the Company and/or its Restricted Subsidiaries to an Accounts Receivable Subsidiary and (ii) the first transaction following any amendment to any such arrangement pursuant to which the class of eligible receivables to be purchased pursuant to such arrangement is expanded in which such expanded class of accounts receivable are sold by the Company and/or its Restricted Subsidiaries to an Accounts Receivable Subsidiary.