Definition of Post-Closing Covenants


Post-Closing Covenants means the covenants by the Corporation that within 180 days of the Issue Date, the Corporation shall (i) reincorporate from Washington to Delaware, (ii) amend its Articles to provide that the number of members of the Board of Directors be increased from seven to up to eleven directors and (iii) authorize a number of shares of Common Stock sufficient for Mandatory Conversion of all shares of the Series B Preferred Stock (collectively, the Reincorporation)

Examples of Post-Closing Covenants in a sentence

All Post-Closing Covenants of the Buyer will survive the Closing in accordance with their terms.
Except as otherwise agreed by the Administrative Agent in its sole discretion, the Borrower shall, and shall cause each of the other Loan Parties to, deliver each of the documents, instruments and agreements and take each of the actions set forth on Schedule 6.16 (Post-Closing Covenants) within the time periods set forth therein (or such longer time periods as determined by the Administrative Agent in its sole discretion).
Section 11.7 Special Environmental Indemnification and Post-Closing Covenants by Purchaser.
All Post-Closing Covenants of the Company and the Sellers will survive the Closing in accordance with their terms.
All Post-Closing Covenants of the Seller and the Equity Holder will survive the Closing in accordance with their terms.