Third Closing definition

Third Closing shall have the meaning ascribed to such term in Section 2.1(c).

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Third Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1(c).

Third Closing has the meaning set forth in Section 2.2.3

Examples of Third Closing in a sentence

• Except for the Transaction Documents, the Initial Closing Purchase Agreement, the Second Closing Purchase Agreement and the Third Closing Purchase Agreement, there are no agreements or understandings between or among the Company and the holders of any of its Equity Interests or among any other Persons with respect to the voting or transfer of the Company’s Equity Interests or with respect to any other aspect of its governance.

• The Company is not subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any Equity Interests of the Company or any warrants, options or other rights to acquire its Equity Interests, other than as expressly provided in or contemplated by this Agreement, the Initial Closing Purchase Agreement, the Second Closing Purchase Agreement, the Third Closing Purchase Agreement, the A&R Memorandum and Articles of Association or the Shareholders Agreement.

• The Rollover shall occur, with respect to the Ordinary Shares of the Second Surviving Company held by the Rollover Investor, conditioned upon the Third Closing and as of immediately prior to the Third Effective Time (the “Rollover Closing”).

• At the Third Closing, J▇▇.▇▇ shall also receive Class B Units for the Maritime Subsidiary equal to a 17.5% equity interest in such Maritime Subsidiary.

• AI of the Third Closing Milestones (the “Third Closing”), J▇▇.▇▇ will contribute an additional two million dollars denominated in currency of the United States ($2,000,000) to JV LLC (the “J▇▇.▇▇ Third Cash Contribution”).

More Definitions of Third Closing

Third Closing shall have the meaning set forth in Section 1.

Third Closing is defined in Section 3.

Third Closing is defined in Section 2.2(c).

Third Closing has the meaning ascribed thereto in the SPA.

Third Closing means the consummation of the purchase and sale of the Third Closing Eco Telecom Shares as provided in this Agreement.

Third Closing means the closing of the purchase and sale of the Third Subordinated Note, and the payment of the Third Purchase Price therefor, as contemplated by this Agreement and the other Transaction Documents.

Third Closing means the closing of the purchase and sale of Shares and/or Pre-Funded Warrants on the Third Closing Date pursuant to Section 3.3 of this Agreement.