Purchase Closing definition

Purchase Closing shall have the meaning set forth in Section 10.7.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Purchase Closing shall have the meaning ascribed to such term in Section 2.2 hereof.

Purchase Closing means the 23rd Floor Closing. The 23rd Floor Closing shall occur on a date following the date the 23rd Floor becomes Available mutually agreed upon by the Parties, but not later than forty-five (45) days after such date on which the 23rd Floor becomes Available (the date on which the Purchase Closing actually occurs with respect to such Purchase Option Exercise Space (the “23rd Floor Closing Date”). The Purchase Price for the purchase of the 23rd Floor shall be determined in accordance with Section 4 which shall apply, mutatis mutandis, with respect to the 23rd Floor, except that: (x) all references to “Purchase Option Exercise Space” shall be deemed to refer to the 23rd Floor, (y) all references to “Purchase Closing Date” shall be deemed to refer to 23rd Floor Closing Date and (z) “Optionor’s Initial Purchase Price Determination” shall be deemed to mean the amount specified as the Purchase Price in the Offer Notice. If Optionee elects to purchase the 23rd Floor, then on the 23rd Floor Closing Date (1) the Deposit, together with the balance of the Purchase Price, shall be paid by wire transfer of immediately available funds to Optionor to such account or accounts specified by Optionor, as provided in the Purchase Option Terms, and (2) Optionor and Optionee shall execute and deliver the documents and other deliveries set forth in the Purchase Option Terms in accordance with the terms hereof and thereof.

Examples of Purchase Closing in a sentence

• Notwithstanding anything contained herein to the contrary, Administrator, Parent and/or their Affiliates shall not be obligated to sell the Purchase Assets to the Group as provided in Section 10.6(d)(i) above if the Group is not able to pay the Purchase Price pursuant to the terms set forth above and assume the Practice Related Liabilities at the Purchase Closing.

• In such event, the Group shall surrender the Purchase Assets to Administrator, Parent and/or their Affiliates as of the Purchase Closing.

• The closing of the transactions contemplated by Section 10.6 (the "Purchase Closing") shall occur (a) on the Termination Date if this Agreement expires pursuant to the terms of Sections 10.1 and 10.2, or (b) on a date mutually acceptable to the parties hereto that shall be within 180 days after receipt of a Termination Notice.

• Notwithstanding anything to the contrary contained herein, the Company shall not be entitled to reimbursement for any costs expended or incurred from the Lease Termination Date or Cancellation Date, as applicable, through the Purchase Closing Date, if extended by the Lessor under Section 15(e) of the Lease, in the event that the Company elects to purchase the Facility and elects to remain in possession of the Facility pursuant to the license referenced in Section 15(e) of the Lease.

• Subject to the limitations and other provisions of this Agreement, the representations and warranties contained herein shall survive the Share Purchase Closing and shall remain in full force and effect until the first anniversary of the Closing Date.

More Definitions of Purchase Closing

Purchase Closing means the date of the consummation of the transfer of the OCHI Interests to OCHI in accordance with the Share Purchase Agreement.

Purchase Closing means the closing of the purchase by the Stockholder from the Company of the Purchased Common Stock, as set forth in the Stock Purchase Agreement.

Purchase Closing means the consummation of the transactions contemplated by the Purchase Agreement.

Purchase Closing shall have the meaning specified in Section 1.3.

Purchase Closing has the meaning set forth in Section 1.6.

Purchase Closing. Section 8(g) "Purchased Assets Section 8(c)(ii)(A) "Practice Area" Section 14 "Practice Site" Section 3.4 "Section 8(d)(ii) Assets" Section 8(d)(ii) "Section 8(d)(iii) Assets" Section 8(d)(iii) "Section 8(e)(ii) Assets" Section 8(e)(ii) "Services Agreement" Recitals "Termination Date" Section 8

Purchase Closing has the meaning ascribed thereto in Section 8.22(b).