Examples of First Tranche Closing Date in a sentence
The Participation Right shall be made available by the Investor to certain Shareholders, at the sole discretion of the Corporation’s board of directors, for a period of 15 Business Days after the First Tranche Closing Date, with the actual funding in connection with the exercise of the Participation Right to occur by no later than 30 Business Days after the exercise of the Participation Right by the Shareholder.
Upon the First Tranche Closing Date, the Investor shall; (i) pay the First Tranche Price by wire transfer in immediately available funds or such other method of payment acceptable to the Corporation to the account specified on Schedule “E”; and (ii) deposit the Second Tranche Price into the Second Tranche Price Escrow Account.
During the two year period preceding the First Tranche Closing Date, the Company has timely filed all reports, schedules, forms, statements and other documents required to be filed by it with the Commission pursuant to the reporting requirements of the Exchange Act (the “SEC Documents”).
Closing will occur on the First Tranche Closing Date and the Second Tranche Closing Date at which time DRS statements and certificates representing the Shares and Warrants will be available against payment of funds for delivery to the Subscriber as the Subscriber will instruct.
The Subscriber will receive DRS statements and certificates representing the Shares and the Warrants bearing the following legends imprinted thereon: “Unless permitted under securities legislation, the holder of this security must not trade the security before [four months plus one day from the First Tranche Closing Date or the Second Tranche Closing Date, as the case may be]”.