On the Closing Date definition

On the Closing Date. (i) XeQute and the Buyer shall agree to the final Schedule 2.2 which shall be attached to and become part of this Agreement and form part of the Assumed Liabilities at Closing; (ii) XeQute and the Buyer shall execute and deliver the Instrument of Assignment and Assumption and Bill of Sale; (iii) the Buyer shall deliver the shares of Class A Com▇▇▇ Stock as provided for in Section 2.5(a) above; (iv) the Private Placement shall be consummated; (v) the MidMark Investments existing financing shall be discharged as provided herein and the financing provided by Ayreh Trust shall be discharged and the Permitted Liens shall be released; (vi) XeQute and the Management Stockholders shall vote their shares in the Buyer or take an action by written consent increasing the number of directors of the Buyer from three to four and electing the Sellers' nominees to all such Board positions; and
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On the Closing Date. (the "Hire Date"). Each Hired Employee shall receive (i) credit under Buyer's employee benefit plans (including, without limitation, pension, welfare and fringe benefit plans) for purposes of determining eligibility and vesting under such plans and (ii) credit for purposes of determining vacation and severance pay, for the period during which such Hired Employee was employed by the Seller; provided, however, that in no event shall the Buyer be required to provide such a credit to a Hired Employee to the extent that such credit would result in a duplication of benefits. Each Hired Employee shall be entitled to participate in the employee benefit plans maintained by Buyer without any waiting periods, any evidence of insurability or the application of any preexisting condition restrictions (to the extent such waiting periods, insurability or preexisting conditions were waived under Seller's plan) and with credit for claims incurred prior to the Hire Date for purposes of applying co-payments, deductibles, out of pocket maximums and similar matters.
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Examples of On the Closing Date in a sentence

  • On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto.

  • On the Closing Date, the Trustee shall countersign the Certificates to be issued at the direction of the Depositor, or any affiliate thereof.

  • On the Closing Date, the Company shall have delivered to the Representative executed copies of the Representative’s Warrant Agreement.

  • On the Closing Date, all stock transfer or other taxes (other than income or similar taxes) which are required to be paid in connection with the issuance, sale and transfer of the Securities to be sold to each Buyer hereunder will be, or will have been, fully paid or provided for by the Company, and all laws imposing such taxes will be or will have been complied with.

  • On the Closing Date, the Company’s shares of Common Stock, including the Firm Shares, shall have been approved for listing on the Exchange, subject only to official notice of issuance.

  • On the Closing Date, the Trustee shall authenticate the Certificates to be issued at the written direction of the Depositor, or any affiliate thereof.

  • On the Closing Date (as defined below), the Company shall issue and sell to the Buyer, and the Buyer agrees to purchase from the Company, the Note, as further provided herein.

  • On the Closing Date, the Certificate Administrator shall execute, the Authenticating Agent shall authenticate, and the Certificate Administrator shall deliver to the Certificate Registrar the Regulation S Global Certificates, which shall be held by the Certificate Registrar for purposes of effecting the exchanges contemplated by the preceding paragraph.

  • On the Closing Date, the Firm Shares shall have been approved for listing on the Exchange, subject only to official notice of issuance.

  • On the Closing Date, the Depositor will acquire the Certificates from the Trust Fund, as consideration for its transfer to the Trust Fund of the Mortgage Loans and the other property constituting the Trust Fund.