Unit Closing definition

Unit Closing means a closing of the sale of a Unit by a Loan Party to a bona fide purchaser for value that is not an Affiliate of a Loan Party.
Unit Closing means a closing of the sale of a Unit by the Borrower or a Guarantor to a bona fide purchaser for value that is not the Borrower or a Guarantor or an Affiliate of the Borrower or a Guarantor.

Examples of Unit Closing in a sentence

  • However, the debt must be in evidence at the time of Unit Closing or no funds can be disbursed.

  • At Unit Closing, a 3-year forgivable lien and compliance period for the property begins.

  • BRP funds will only be disbursed at Unit Closing and costs must be supported and documented by the approved program participants.

  • After the Unit Closing, you can begin any redevelopment and reuse as eligible under the Program.

  • As used herein, “Closing” means the Unit Closing or the Founder Shares Closing, as applicable, and “Closing Date” means the Unit Closing Date or the Founder Shares Closing Date, as applicable.

  • Certification of such permits must be included in the Unit Closing package but NOT for the application submission.

  • No employee shall fail to be classified as full-time due to time spent on FMLA, Military (USERRA) or Temporary Unit Closing (TUC) leave.

  • Yes, if the expenses fall within an eligible expense category and are documented at Unit Closing.

  • No, the NFP must hold title ownership to the property prior to Unit Closing.

  • Yes, if they meet the eligibility requirements as detailed in the Program Guide and are documented at Unit Closing.

Related to Unit Closing

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • First Closing has the meaning set forth in Section 2.1(a).

  • Put Closing shall have the meaning set forth in Section 2.3.8.

  • Subsequent Closing has the meaning set forth in Section 3.2.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Second Closing has the meaning set forth in Section 2.2.

  • Additional Closing has the meaning set forth in Section 2.3.

  • Put Closing Date shall have the meaning set forth in Section 2.3.8.

  • Series Closing Date means the date designated as such in the Series Term Sheet.

  • First Closing Date shall refer to the time and date of delivery of certificates for the Firm Shares and such Optional Shares). Any such time and date of delivery, if subsequent to the First Closing Date, is called an “Option Closing Date,” shall be determined by the Representatives and shall not be earlier than three or later than five full business days after delivery of such notice of exercise. If any Optional Shares are to be purchased, each Underwriter agrees, severally and not jointly, to purchase the number of Optional Shares (subject to such adjustments to eliminate fractional shares as the Representatives may determine) that bears the same proportion to the total number of Optional Shares to be purchased as the number of Firm Shares set forth on Schedule A opposite the name of such Underwriter bears to the total number of Firm Shares. The Representatives may cancel the option at any time prior to its expiration by giving written notice of such cancellation to the Company.

  • Target Closing Date means three (3) Business Days following receipt of the Approval and Vesting Order, or such other date as the Parties may agree.

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

  • Acquisition Closing Date means the “Closing Date” under and as defined in the Acquisition Agreement.

  • Subsequent Closing Date means, with respect to each Subsequent Closing, the date on which such Subsequent Closing is deemed to have occurred.

  • Merger Closing Date the Closing Date (as defined in the Merger Agreement).

  • Second Closing Date has the meaning set forth in Section 1.3.

  • IPO Closing means the initial closing of the sale of the Class A Common Stock in the IPO.

  • Option Closing means the closing of the purchase and sale of the Option Shares pursuant to Section 2.2.

  • Option Closing Purchase Price shall have the meaning ascribed to such term in Section 2.2(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1.

  • Initial Closing Date shall have the meaning assigned to such term in Section 1.2 hereof.

  • Option Closing Date shall have the meaning ascribed to such term in Section 2.2(c).

  • Merger Closing shall have the meaning set forth in Section 2.2.

  • Final Closing means the last closing under the Private Placement;

  • Outside Closing Date means the date which is 365 days after the earlier of the Firm Closing Date; or Second Tentative Closing Date; or such other date as may be mutually agreed upon in accordance with section 4. “Property” or “home” means the home including lands being acquired by the Purchaser from the Vendor. “Purchaser’s Termination Period” means the 30-day period during which the Purchaser may terminate the Purchase Agreement for delay, in accordance with paragraph 10(b).

  • Additional Closing Date shall have the meaning set forth in Section 2.3.2.