Subsequent Closings definition

Subsequent Closings shall have the meaning set forth in Section 7.1(b).

Subsequent Closings and together with the Initial Closing, the "Closings") shall take place at 12:00 p.m. Pacific Time on the second business day following the date the Company shall deliver to the Lender a Borrowing Certificate in the form attached hereto ("Subsequent Closing Dates"), provided that such borrowing request, together with all prior borrowing requests that have been funded, does not exceed the Maximum Loan Commitment Amount. The Closings shall take place at the principal executive offices of the Company, in Van Nuys, California or at such other place or in such other manner as the parties hereto may mutually agree. These amounts advanced by the Lender pursuant to such borrowing requests are referred to as the "Loans."

Subsequent Closings shall have the meaning ascribed to it in Section 2.5.

Examples of Subsequent Closings in a sentence

• Any provision of this Agreement may be amended, waived or modified only upon the written consent of the Company and the Investors holding Notes with a principal amount equal to at least 50% of the principal then outstanding under all Notes (a “Majority in Interest”); provided however, that no consent is required for amendments to Schedule I to reflect Subsequent Closings.

• As to the Subsequent Closings, the Company shall have performed and complied with the covenants and provisions of this Agreement and the other Transaction Documents required to be performed or complied with by it at or prior to the Subsequent Closing Date.

• This Agreement may only be amended or supplemented by the written consent of each of the General Partner and UST; provided that the General Partner may, without the consent of UST or any other Limited Partner, amend Schedule B in connection with Subsequent Closings of the Partnership.

• The Initial Closing, each of the Subsequent Closings and the Option Shares Closing Date, as applicable, may be collectively referred to herein as the “Closing Dates.” Certificates evidencing the Shares will be in definitive form, registered in such names and in such denominations as the Underwriter requests and will be made available to the Underwriter for checking and packaging on the applicable Closing Date.

• Upon delivery of the Escrow Fund by the Escrow Agent (i) to the Issuer following the Initial Closing, if there are to be no Subsequent Closings, (ii) following a final Subsequent Closing, or (iii) to the Subscribers upon termination of the Offering prior to the Initial Closing, as the case may be, and in each case notice of termination of the Offering having been delivered by the Issuer and the Depositor to the Escrow Agent, this Escrow Agreement shall terminate, subject to the provisions of Section 8.

More Definitions of Subsequent Closings

Subsequent Closings is defined in Section 3.

Subsequent Closings shall have the meaning ascribed thereto in Section 10.7 hereof.

Subsequent Closings is hereby amended by replacing the phrase "12 months after the First Closing" with "December 31, 2006 (or such later date as is mutually agreed by the parties hereto)" in the first sentence thereof.

Subsequent Closings has the meaning given to such term in Clause 2.5;

Subsequent Closings. As defined in Section 3.3(a). Successor Fund: As defined in Section 4.6(a).

Subsequent Closings has the meaning ascribed to such term in Section 1D.

Subsequent Closings has the meaning set forth in paragraph 1D. -------------------