Examples of Class B Closing in a sentence
Upon receipt of subscriptions for not less than the Minimum Offering acceptable to the Managing Trustee and the determination of the Managing Trustee to proceed to the Class B Closing, the Escrow Agent shall release the proceeds of such subscriptions to the Trust.
Any Escrow Interest shall be paid to the subscribers who become Class B Beneficiaries by the Escrow Agent within fifteen (15) days after the Class B Closing; provided, however, that no Escrow Interest shall be paid with respect to subscription payments received fewer than three days prior to such Closing.
Promptly after the Class B Closing, the Trust will make the Special Class A Distribution to the Class A Beneficiaries.
Promptly after the Class B Closing the Trust will make the Special Class A Distribution to the Class A Beneficiaries.
On the terms and conditions set forth in this Agreement and the other Basic Documents, and in reliance on the covenants, representations and agreements set forth herein and therein, the Issuer shall issue and cause the Trustee to authenticate and deliver to the Class A Note Purchaser an amended and restated Class A Note on the Class B Closing Date.
The Class A Notes were originally issued on the Class A Closing Date and the Class B Notes will be issued on the Class B Closing Date.
The obligation of Owner to participate in the transaction contemplated hereby on the Class B Closing Date is subject to the satisfaction or waiver by Owner, on or prior to the Class B Closing Date, of the conditions precedent set forth below in this Section 4.3.
Prior to any Class B Closing, the Company and IMS Holdco shall use their best efforts to obtain any required governmental or regulatory approval or approvals.
The term of the Commitment hereunder (the "Class A Term") shall be for a period commencing on the Class B Closing Date and ending on the Class A Facility Termination Date.
The closing of the sale and transfer of the rights to acquire the Warrant (the “Warrant Closing” and, together with the Class B Closing, the “Closings”) shall take place concurrently with the Class B Closing.