Closing Procedure definition

Closing Procedure means any closing procedure in respect of the Bond Issue agreed between, among others, the Issuer and the Bond Trustee.
Closing Procedure means such closing procedure as may be agreed between the Bond Trustee and the Issuer where the parties may agree that certain conditions precedent as set out in paragraph (b) of Clause 6.1 (Conditions for disbursement to the Issuer) are to be delivered prior to, in connection with or within a deadline not to exceed 10 Business Days after the release of funds from the Escrow Account.
Closing Procedure means as defined in Clause 6.1 (Conditions precedent for disbursement to the Issuer).

Examples of Closing Procedure in a sentence

  • Chapter 11 cases with confirmed plans shall follow the District Chapter 11 Closing Procedure to prepare and file the final report and motion for final decree.

  • If a school closes or an enterprise discontinues business for any reason, the authorizing official or training manager shall complete and submit the "Enterprise Closing Procedure" to the director at least thirty days prior to closing.

  • Management is responsible for recording transactions; and management, the Board, and the Sponsor are responsible for complying with the Closing Procedure requirements.

  • Ontario has established ½-hour POI levels for numerous non-criteria pollutants, while Alberta recommends using the lesser value of either the Ontario POI criteria or the Texas Ambient Air Quality guideline concentrations.

  • Reference: Emergency Closing Procedure Applicable Group(s) A, B, C, F, G, H, I: On occasion, due to weather conditions, Milwaukee Public Schools may need to partially or fully close.


More Definitions of Closing Procedure

Closing Procedure means the a customary closing procedure agreed between the Bond Trustee (on behalf of the Bondholders) and the Issuer.
Closing Procedure means the agreed closing procedure pursuant to Clause 6.1.
Closing Procedure means any closing procedure in respect of the Bond Issue agreed between, among others, the Issuer and the Bond Trustee, pursuant to which the parties may agree that certain Conditions Precedent to be delivered under the Bond Terms are delivered as conditions subsequent instead. Notwithstanding the foregoing and subject to the Agreed Security Principles, perfection of the Transaction Security (except for the Escrow Account Pledge) shall be established without undue delay.
Closing Procedure means a customary closing mechanism agreed between the Issuer, (to the extent required) the lenders under the Existing Debt and the Bond Trustee (as applicable).
Closing Procedure means a closing procedure agreed between the Bond Trustee and the Issuer where the parties may agree that certain pre-disbursement conditions precedent are to be delivered prior to, in connection with the release of funds from the Escrow Account or as conditions subsequent, provided, however, that perfection of the Transaction Security (except for the Escrow Account Pledge and the Existing Bonds Escrow Account Pledge) shall be established as soon as possible in accordance with the terms of such Closing Procedure on or immediately after the release of funds from the Escrow Account, including to allow for certain matters to be handled post disbursement, as customary or required for practical reasons, and, without limiting the generality of the foregoing and for the sake of good order, the Bond Trustee is authorised, under any Closing Procedure, to agree that the granting and/or perfection of Transaction Security over assets subject to security securing the Existing Debt shall be done immediately after the Existing Debt have been repaid and that the net proceeds from the issuance of the Bonds may be released from the Escrow Account to the Settlement Escrow Account prior to such Security having been granted and/or perfected, provided it is agreed that the relevant Security will be granted and/or perfected upon release of funds from the Settlement Escrow Account in accordance with a Closing Procedure.
Closing Procedure means a closing procedure for the release of funds from the issuance of the Bonds or the Escrow Account or for the granting of Additional Security, in each case agreed between the Bond Trustee (in consultation with its advisors and the RCF Agent) and the Issuer, and, if applicable, existing creditors of the Group.
Closing Procedure means a closing procedure to be agreed between the Bond Trustee and the Issuer where the parties may agree that (i) certain Pre-Disbursement Conditions Precedent are to be delivered prior to or as soon as possible after the release of funds from the Escrow Account and (ii) perfection of the Transaction Security (related to the Material Group Company immediately prior to the completion of the Acquisition) shall be established as soon as possible subject to the Agreed Security Principles upon or immediately after the release of funds from the Escrow Account, including to allow for certain matters to be handled post disbursement (including any deliveries under Clause 6.3 (Conditions subsequent – security take-up)), as customary or required for practical reasons. Notwithstanding the foregoing, any deliveries (including the granting of Guarantees and Security) and accession to the Intercreditor Agreement under Clause 6.2 (Disbursement of the proceeds) to be made by or in respect of any Material Group Company shall in no event be made later than ten (10) Business Days after first release of funds from the Escrow Account.