Upon closing definition

Upon closing. Buyer shall instruct the escrow agent to release the Deposit to the Seller, and shall pay to Seller the remaining balance of the Purchase Price ("Closing Purchase Price Payment") via cashier's check or wire transfer of immediately available funds to an account designated by Seller in written notice to Buyer at least three (3) business days before the Closing Date. As additional consideration for the Assets to be purchased by Buyer, Buyer shall grant a credit to Seller for trade in services, airtime, or such other valuable consideration, as set forth in a certain Trade Agreement ("Trade Agreement"), to be executed between the parties as of the same date hereof and attached hereto as Exhibit 2.1(b), in the value equivalent to Seven Hundred and Fifty Thousand Dollars ($750,000.00) ("Trade Consideration"), to be redeemed by Seller over a ten (10) year period, in accordance with the terms and conditions of the Trade Agreement.
Sample 1
Upon closing. Any observer who closes because of weather conditions should notify the other domes about the conditions. If one dome is required to close, all domes should close. Reopening: After closing a dome due to weather, the observer must wait a minimum of 30 minutes with conditions at a safe level before reopening. I acknowledge the above rules governing weather closures and safety and agree that I will operate the telescope in a safe manner. I understand that failure to follow the above rules will result in my being forbidden from using the telescope for a period of time set by the Director. Observer signature and date I acknowledge that I have reviewed these safety and weather rules with the above observer and have pointed out the list of staff members responsible for each instrument and the call lists for emergencies. McDonald Staff member who presented this form
Sample 1

Examples of Upon closing in a sentence

  • Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed, or Quit Claim Deed conveying title to the Cabin/Home Site.

  • Upon closing of Contract, BHEL shall issue a completion certificate as per standard format, based on specific request of Contractor.

  • Upon closing, Xxxxxx shall execute and deliver to Buyer a Patent, Xxxxx Xxxx, or Quit Claim Deed conveying title to the Cabin/Home Site.

  • Upon closing of the solicitation, a committee will convene to review the applications.

  • Upon closing time, all proposals become irrevocable and are valid for a minimum of 60 days.

  • Upon closing the Account, you also agree to destroy all Credit Card(s) and any unused Convenience Checks.

  • Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed or Quit Claim Deed conveying title to the parcel.

  • Upon closing, security in the form of letters of credit totalling $5.0 million ($3.0 million for the Diversified site, $1.0 million for the Chalco Lake site and $1.0 million for the Spider Lake site) were posted in favour of AANDC (collectively, the “Colomac LOC’s”) to secure the obligation to perform the services for each site.

  • Upon closing of the application period, the selection committee shall meet for selection of the candidates according to the criteria set forth in no.

  • Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed or Quit Claim Deed conveying title to the Cabin/Home Site.

Related to Upon closing

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

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

  • Time of Closing means 10:00 a.m. (Vancouver time) on the Closing Date, or such other time as the parties may mutually determine;

  • Merger Closing means the “Closing” as defined in the Merger Agreement.

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

  • Acquisition Closing Date means the date on which the Acquisition is consummated.

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

  • 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.

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

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

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

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

  • Date of Closing shall have the meaning specified in paragraph 2 hereof.

  • Sellers has the meaning set forth in the preamble.

  • Acquirer means a business organization, financial institution, or an agent of a business organization or financial institution that has authority from an organization that operates or licenses a credit card system to authorize merchants to accept, transmit, or process payment by credit card through the credit card system for money, goods or services, or anything else of value.

  • Seller’s Closing Documents as defined in Section 3.2(a).

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

  • Closing has the meaning set forth in Section 2.2.

  • Selling Parties shall have the meaning specified in the preamble.

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

  • Transfer Time has the meaning set forth in Section 4.3(a).

  • Newco has the meaning set forth in the first paragraph of this Agreement.

  • Buyer has the meaning set forth in the preamble.

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

  • 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.

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