Examples of Section 3 Closing in a sentence
At least three Business Days prior to the date of the Closing, each Purchaser shall have received written instructions signed by a Responsible Officer on letterhead of the Company confirming the information specified in Section 3 (Closing) including (a) the name and address of the transferee bank, (b) such transferee bank’s ABA number and (c) the account name and number into which the purchase price for the Notes is to be deposited.
Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3 (Closing), Notes in the principal amount specified opposite such Purchaser’s name in the Purchaser Schedule at the purchase price of 100% of the principal amount thereof.
Promptly after the Section 3 Closing, the Section 3 Seller shall furnish such other evidence of the completion and time of completion of such sale and the terms thereof as may reasonably be requested by any of the other Securityholders.
In the event that the Employee Stockholder, or any holder of Covered Shares, fails to tender any Covered Shares subject to purchase under this Section 3 on or before the Section 3 Closing Date, such Covered Shares shall be canceled on the books and records of the Company on the Section 3 Closing Date and the Employee Stockholder or other holder shall no longer have any dividend or voting or other rights with respect to such Covered Shares.
The closing of a purchase pursuant to this Section 3 (the "Section 3 Closing") shall take place at the principal office of the Company on the fifteenth (15th) business day after the date of delivery of the Price Determination Notice (the "Section 3 Closing Date").
Promptly after the Section 3 Closing, the Custodian shall give notice thereof to the Holders, shall remit to each of the Holders the total consideration for the shares of such Holder sold pursuant thereto, and shall furnish such other evidence of the completion and time of completion of such sale and the terms thereof as may reasonably be requested by any of the Holders.