Tranche B Closing definition

Tranche B Closing has the meaning attributed to such term in Section 4.2;

Tranche B Closing has the meaning set forth in Section 2.3(b).

Tranche B Closing. The Tranche B Closing shall take place at the offices of Kxxxxxxx & Exxxx LLP located at 300 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx at 10:00 a.m. local time on the second Business Day following full satisfaction or due waiver of all of the closing conditions set forth in Section 4 hereof, or at such other place or on such other date as may be mutually agreeable to the Company and Purchaser. At the Tranche B Closing, the Company shall cause its transfer agent to deliver to Purchaser stock certificates evidencing the Tranche B Preferred Stock to be purchased by Purchaser, registered in Purchaser’s or its nominee’s name, upon payment of the purchase price thereof by wire transfer of immediately available funds to the Company’s account, which such account shall be specified in writing by the Company not less than two Business Days prior to such Tranche B Closing, in the aggregate amount equal to the number of shares of Tranche B Preferred Stock purchased by Purchaser at the Tranche B Closing times the Per Share Purchase Price.

Examples of Tranche B Closing in a sentence

• Subject to the terms of this Agreement, the Lenders make available to the Borrower a euro term loan facility in a maximum aggregate amount equal to the Total Commitments, which shall be split into two tranches for purposes of enabling the Lenders to make available their Commitments under the Loans on the Tranche A Closing Date and the Tranche B Closing Date, respectively.

• Interest on the Excess Commitments shall accrue from the Tranche B Closing Date and otherwise in accordance with the terms of the Agreement.6. By confirming your acknowledgement you accepted that the Excess Commitments allocated to you shall be [•].

• Each Lender shall issue to Borrower, and Borrower shall execute and deliver to each Lender to evidence such Lender’s Term Loan, (i) on the Tranche A Closing Date, a Tranche A Note, and (ii) on the Tranche B Closing Date, a Tranche B Note.

• In addition, the Purchaser hereby further agrees to permit the Issuer to deliver the documents and agreements described in subclauses (d), (e) and (f) (solely as such subclause relates to the Erie Plant Mortgage and the Erie Plant Mortgage Amendment) of Section 4.4 of the Purchase Agreement on or before the New Due Date (collectively, the “Erie Plant Mortgage Documents”) as conditions subsequent to the Tranche B Closing.

• For purposes of paragraph11.2.4 above, any reference to a ‘Reset Date’ in the definitions of 10 Year Swap Rate and 12 Year Swap Rate shall be deemed to refer to the date that is two Business Days prior to the Tranche A Closing Date or the Tranche B Closing Date, as applicable.

More Definitions of Tranche B Closing

Tranche B Closing means the consummation of the transactions contemplated by this Agreement in respect of the issuance and purchase of the Tranche B Debenture, after the fulfillment or waiver of the conditions set out in Sections 4.4.

Tranche B Closing is defined in Section 3 of this Agreement.

Tranche B Closing. Tranche C Closing ", "Tranche B Closing Date", "Tranche C Closing Date ", "Preferred Stock", "Preferred Shares", "Articles of Amendment", "Exchange" and "Exchange Date" shall be deleted.

Tranche B Closing. Tranche B Closing Date", "Preferred Stock", "Preferred Shares" and "Articles of Amendment" shall be deleted

Tranche B Closing shall have the meaning ascribed to such term in the Stock Purchase Agreement.

Tranche B Closing means the completion of the subscription of the Tranche B Subscription Shares in accordance with Section 2(f) and Section 2(h).

Tranche B Closing as defined in Section 2.2.