Examples of Second Installment Date in a sentence
Subject to the terms and conditions hereof, each Lender severally agrees to make, (x) on the Closing Date, a Loan to the Borrower in an amount equal to such Lender’s First Installment Commitment (the “First Installment Loan”) and (y) on the Second Installment Date, a Loan to the Borrower in an amount equal to such Lender’s Second Installment Commitment (the “Second Installment Loan” and, together with the First Installment Loan, collectively, the “Loans” and each a “Loan”).
Payments shall be applied first to payment of any fees, costs, expenses and other amounts (other than principal and interest) due, then to payment of accrued but unpaid interest, if any, then to the portion of the Principal Amount due on the First Installment Date, then to the portion of the Principal Amount due on the Second Installment Date, then to the portion of the Principal Amount due on the Third Installment Date, then to the portion of the Principal Amount due on the Fourth Installment Date.
Each Lender’s First Installment Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s First Installment Commitment on such date and each Lenders Second Installment Commitment shall terminate immediately and without further action on the Second Installment Date after giving effect to the funding of such Lender’s Second Installment Commitment on such date.
If this formula results in any fractional Share allocation to any Installment Date, the number of Shares with respect to which the Restrictions lapse on the First Installment Date will be rounded up, and the number of shares with respect to which the Restrictions lapse on the Second Installment Date will be rounded down, to the nearest whole Share so that only full Shares are covered by each Installment Date.
Installment Date” and, together with the First Installment Date, the Second Installment Date and the Third Installment Date, the “Installment Dates”.
The Borrower may make only one borrowing under the First Installment Commitment which shall be on the Closing Date and only one borrowing under the Second Installment Commitment which shall be on the Second Installment Date.
Second Installment Date to be the date that is three months after the First Redemption Date; Third Installment Date to be the date that is six months after the First Redemption Date; and Fourth Redemption Date to be the date that is nine months after the First Redemption Date.
Purchaser shall hold back the Holdback Amount from the Second Installment Merger Consideration and Second Installment Option Payment otherwise payable on the Second Installment Date as set forth in Article I.
If the Company is unable to cause such payment to be made to Deutsche Bank from the underwriter(s) on either the First Installment Date or Second Installment Date, as applicable, the Company will remain fully responsible for prompt payment to Deutsche Bank of the applicable installment of the Advisory Fee.
Subject to the terms and conditions of this Agreement, Investor agrees to pay $2,250,000 (the "Second Installment") to the Company and the Company agrees to sell and issue to Investor the number of shares (the "Second Installment Shares") of the Company's Common Stock equal to *** divided by 120% of the average daily closing price of the Company's Common Stock reported by the NASD on the *** to the Second Installment Date (as defined below).