Subsequent Closing definition

Subsequent Closing shall have the meaning ascribed to such term in Section 2.4.

Subsequent Closing has the meaning set forth in Section 2.5(b).

Subsequent Closing and “Subsequent Closing Date” as defined in Section 2.2(b) hereof.

Examples of Subsequent Closing in a sentence

• Any Member increasing its Capital Commitment on any Subsequent Closing Date shall be treated as if it were making a new Commitment to the Company.

• Upon payment of the Adjusted Purchase Price on each Catch-up Date, the number of Units issuable to a Subsequent Closing Member will equal: (x) the Adjusted Purchase Price for such Subsequent Closing Member, minus the Organizational Expense allocation, divided by (y) the then-current NAV per Unit.

• Following the Initial Closing, each Subsequent Closing Member (as defined below) will be required to make a purchase or successive purchases of Units to fund a portion of its Undrawn Commitment on a non-pro rata basis (each, a “Catch-up Purchase”) on a date (or dates) (each, a “Catch-up Date”) to be determined by the Company that occurs no later than the next succeeding Drawdown Date.

• Upon or following the acceptance of a Subsequent Closing Member’s Commitment on any Subsequent Closing Date, such Subsequent Closing Member may be required to make a Catch-up Purchase, on no less than seven Business Days (measured from the date the Company sends the applicable notice, rather than the date such notice is received), at the Adjusted Purchase Price.

• In connection with each Drawdown Date following any Subsequent Closing Date, all Members, including Subsequent Closing Members, shall purchase Units in accordance with 6.1, subject in all cases to the Company’s right to limit issuances of Units in order to comply with applicable law, including ERISA.

More Definitions of Subsequent Closing

Subsequent Closing means each closing of the purchase and sale of the Common Stock pursuant to Section 2.2.

Subsequent Closing means the funding which occurs on the Subsequent Closing Date.

Subsequent Closing shall have the meaning set forth in Section 4.4(b).

Subsequent Closing has the meaning set forth in Section 3.2.

Subsequent Closing means, at the option of the Borrowers, one or more Closings for the purchase and sale of Revolving Notes following the First Closing, in each case as contemplated herein, provided that no more than $29,608,403.20 principal amount of Revolving Notes (plus (i) any PIK Amount added to the outstanding principal amount of the Revolving Notes pursuant to Section 2.11(1) and (ii) any portion of the Monitoring Fee added to the outstanding principal amount of the Revolving Notes pursuant to Section 2.11(5)), shall be issued and outstanding at any time.

Subsequent Closing means the conversion of (i) a Non-Contributable Site to a Contributable Site or (ii) a Pre-Lease Site into a Lease Site subsequent to the Effective Date.

Subsequent Closing shall have the meaning set forth in Section 3.1.