Definition of Post-Closing Commitment


Post-Closing Commitment means the commitment of ComVest to purchase the Second Note and the Additional Notes subject to and in accordance with Section 2.3.
Sample 1

Examples of Post-Closing Commitment in a sentence

If the FDA Certificate is not received by ComVest by November 15, 2005, then the Post-Closing Commitment shall automatically terminate and be of no further force or effect.
Until thirty (30) days after the expiration of the Post-Closing Commitment, the Holder may not assign or transfer this Note or any right or obligation hereunder.
In no event and under no circumstances shall ComVest be required to purchase any Additional Notes based upon any request made by the Company subsequent to November 15, 2005, and in the event that any of the Notes shall be accelerated or shall be declared to be immediately due and payable in either case by reason of any Event of Default, then the Post-Closing Commitment (or the remaining portion thereof not theretofore funded) shall automatically terminate and be of no further force or effect.