Ready to Close definition
Ready to Close means that all of the following conditions are met:
Ready to Close means, with respect to the NY Bulbs Acquisition, that all documents relating to the NY Bulbs Acquisition have been fully and finally executed and delivered by all applicable parties thereto to DKPA, and all other terms and conditions of any nature or kind to closing on the NY Bulbs Acquisition have been fully satisfied and performed, other than payment of the cash portion of the purchase price for such Acquisition to the NY Bulbs Shareholders.
Ready to Close means, with respect to the Acquisition, that all documents have been signed and all other terms and conditions to closing on the Acquisition have been fully satisfied and/or waived, other than payment of the purchase price for such Acquisition to the seller thereunder.
Examples of Ready to Close in a sentence
The Closing Notice shall be deemed a representation and warranty by Borrower to Lender that the Acquisition is Ready to Close.
The Escrowed Funds shall be released only as follows: (i) when Borrower is “Ready to Close” (as hereinafter defined) on the “Acquisition” (as hereinafter defined), Borrower, or Borrower’s counsel, shall deliver a written notice to Lender and to Escrow Agent stating and confirming that the Acquisition is Ready to Close (the “Closing Notice”).
More Definitions of Ready to Close
Ready to Close means, with respect to the Acquisition, that all documents relating to the Acquisition have been fully and finally executed by all applicable parties thereto, and all other terms and conditions of any nature or kind to closing on the Acquisition have been fully satisfied and performed, other than payment of the purchase price for such Acquisition to the YEN Membership Interest Holder.
Ready to Close means, with respect to the Acquisition, that all documents relating to the Acquisition have been fully and finally executed and delivered by all applicable parties thereto, and all other terms and conditions of any nature or kind to closing on the Acquisition have been fully satisfied and performed, other than payment of the purchase price for such Acquisition to the HowCo Shareholder.
Ready to Close means, with respect to an Acquisition, that all documents relating to the Acquisition have been fully and finally executed by all applicable parties thereto, and all other terms and conditions of any nature or kind to closing on the Acquisition have been fully satisfied and performed, other than payment of the purchase price for such Acquisition to the sellers. Notwithstanding anything contained herein to the contrary, in no event shall Lender have any obligation to release any portion of the withheld Amount unless and until the Credit Parties have complied with their obligations under Section 10.22 above.