Initial Subsequent Closing definition

Initial Subsequent Closing shall have the meaning ascribed thereto in Section 12.6 hereof.

Examples of Initial Subsequent Closing in a sentence

  • Upon the satisfaction and/or waiver of the conditions to the Initial Subsequent Closing, (a) the Apollo Loan shall be converted into Class A Interests as set forth in Section 2.4(c); (b) the Promissory Note shall be cancelled; (c) the Pledge Agreement shall be terminated; and (d) the parties shall make additional capital contributions and shall be issued additional Interests as set forth in Section 2.4(c).

  • Upon written notice by the Board of Managers to each of Apollo and New Valley as set forth in Section 2.4(d) hereof, other subsequent closings (the "Other Subsequent Closings"; the Initial Subsequent Closing, the Second Subsequent Closing and the Other Subsequent Closings are collectively referred to herein as the "Subsequent Closings") shall be scheduled for purposes of funding additional contributions by each of Apollo and New Valley to the Company.

  • The closing of the transactions set forth in Section 2.4(c) hereof (the "Initial Subsequent Closing") shall take place on April 28, 1998 at the offices of Coudert Brothers, 1114 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, XX 00000, xx on such other date and time and at such other place as shall be mutually agreed by the parties hereto (the date and time of the Initial Subsequent Closing being referred to herein as the "Initial Subsequent Closing Date").

  • The initial Subsequent Closing (the "Initial Subsequent Closing") shall take place on June 30, 1998 or on such other date as shall be mutually agreed by the parties hereto.

  • Upon written notice by the Board of Managers to each of Apollo and New Valley as set forth in Section 2.4(c) hereof, other subsequent closings (the "Other Subsequent Closings"; the Initial Subsequent Closing and the Other Subsequent Closings are collectively referred to herein as the "Subsequent Closings") shall be scheduled for purposes of funding additional contributions by each of Apollo and New Valley to the Company.

  • Conditions to the obligations of Apollo at the Initial Subsequent Closing shall be deemed waived if Apollo has not terminated this Agreement on or before June 10, 1998 in accordance with Section 14.2(a)(iii).

  • At the Initial Subsequent Closing, Apollo shall contribute to the Company $5,300,000 in cash in exchange for 2,826 Class A Interests to be issued to Apollo, and New Valley shall contribute $1,766,666 in expenditures as set forth in Section 2.4(c) in exchange for 2,826 Class B Interests to be issued to New Valley.

  • The first Subsequent Closing (the "Initial Subsequent Closing") shall take place as soon as practicable after the conditions set forth in Section 12.9 have been satisfied at the offices of Coudert Brothers, 1114 Xxxxxx xx xxx Xxxxxxxx, Xxx Xxxx, XX 00000, xx on such other date and time and at such other place as shall be mutually agreed by the parties hereto (the date and time of the Initial Closing being referred to herein as the "Initial Subsequent Closing Date").

  • At the Initial Subsequent Closing, New Valley shall be reimbursed by the Company from the proceeds of the Initial Subsequent Closing for expenditures with respect to the Kremlin Sites and the Kremlin Entities set forth in Schedule 2.4(c) and for other expenditures incurred by it before or after the Initial Closing Date on items set forth in the approved Budget, to the extent such expenditures exceed 25% of the total contributions by Apollo and New Valley.

Related to Initial Subsequent Closing

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

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Second Closing Date has the meaning set forth in Section 1.3.

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

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

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

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

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

  • IPO Closing Date means the closing date of the IPO.

  • Additional Closing Date shall have the meaning set forth in Section 2.3.2.

  • 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.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

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

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.

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

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

  • 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.

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

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Original Closing Date means March 21, 2013.

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

  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

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

  • Acquisition Closing Date means the “Closing Date” under and as defined in the Acquisition Agreement.