Subsequent Closing Date Clause Samples
The 'Subsequent Closing Date' clause defines the specific dates after the initial closing when additional closings may occur under an agreement. This clause typically applies in transactions where multiple tranches of assets, securities, or interests are transferred over time, rather than all at once. By establishing clear timelines and procedures for these later closings, the clause ensures both parties understand when and how further transfers or obligations will be completed, thereby providing structure and predictability to multi-stage transactions.
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Subsequent Closing Date. The term Subsequent Closing Date shall mean on or before September 30, 2002.
Subsequent Closing Date. (i) The date and time of the Subsequent Closing (the “Subsequent Closing Date,” and together with the Initial Closing Date, each a “Closing Date” and collectively, the “Closing Dates”) shall be 10:00 a.m., New York City time, on the date hereof, subject to satisfaction (or waiver) of the conditions to the Subsequent Closing set forth in Sections 6(b) and 7(b) and the conditions contained in this Section 1(c), at the offices of the Company. Any Person approved by the Company and the Required Holders may become a Subsequent Buyer and may purchase Subsequent Notes and Subsequent Warrants by duly executing and delivering a Joinder Agreement to the Company. Any Initial Buyer may also purchase, at such Initial Buyer’s option, Subsequent Notes and Subsequent Warrants by delivering written notice to the Company (each, a “Subsequent Closing Notice”). Notwithstanding anything herein, in a Joinder Agreement or in a Subsequent Closing Notice to the contrary, the number of Subsequent Notes to be purchased by the Subsequent Buyers at the Subsequent Closing shall not exceed $444,445 aggregate principal amount of Subsequent Notes.
(ii) The Initial Buyers hereby consent to the transactions contemplated by this Section 1(c).
Subsequent Closing Date. The Closing of the transactions described in Section 2.2 (the “Subsequent Closing”) shall take place on the third Business Day immediately following the day on which all of the conditions set forth in Section 2.3 shall be satisfied or waived, or at such other time and place as the Parties shall agree (the “Subsequent Closing Date”).
Subsequent Closing Date. 21 Transaction................................................................39
Subsequent Closing Date. (i) The date and time of the Subsequent Closing (the “Subsequent Closing Date,” and together with the Initial Closing Date, each a “Closing Date” and collectively, the “Closing Dates”) shall be 10:00 a.m., New York City time, on the date hereof, subject to satisfaction (or waiver) of the conditions to the Subsequent Closing set forth in Sections 2.2(b), 2.3(c) and 2.3(d) below and the conditions contained in this Section 2.1(d), at the offices of the Company or such other location determined by the parties. Any Initial Purchaser or any Person approved by the Company and the Required Holders may become a Subsequent Purchaser and may purchase Subsequent Notes and Subsequent Warrants by duly executing and delivering a Joinder Agreement to the Company. The number of Subsequent Notes to be purchased by the Subsequent Purchaser at the Subsequent Closing shall not exceed $3,750,000 aggregate principal amount of Subsequent Notes.
Subsequent Closing Date. The first date on which the conditions set forth in Sections 3.2 and 3.3 have been satisfied and the Subsequent Loans are to be made hereunder.
Subsequent Closing Date. The obligations of Buyers to consummate the purchase and sale of the number of Pre-Emptive Right Shares, the Subsequent Offering Shares and the Subsequent Over-Allotment Shares that Buyers have elected to purchase pursuant to Section 1.2(a) shall be subject to the satisfaction or waiver on or prior to the applicable Subsequent Closing Date of each of the following conditions:
Subsequent Closing Date. The term "Subsequent Closing Date" shall have the meaning specified in Section 2.3 of this Agreement.
Subsequent Closing Date. (a) Subject to the exercise by either the Purchaser, ND or MD of their rights pursuant to one or more of the Option Agreements, the Subsequent Closing shall take place at the offices of ▇▇▇▇▇▇ & ▇▇▇▇▇▇▇, ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ as soon as practicable following the determination of the Second Tranche Purchase Price, or on any other date or location as mutually agreed upon by the Parties, it being understood that the Parties shall make their best efforts so that the Subsequent Closing occurs no later than thirty (30) days following the expiration of the latest option exercise period stated in any of the Option Agreements (the "Subsequent Limit Date").
(b) If the Subsequent Closing does not occur by the Subsequent Limit Date as a result of the Parties being in a disagreement regarding the final determination of the Second Tranche Purchase Price:
(i) the Parties may agree to postpone the Subsequent Limit Date; or
(ii) the Purchaser may require that all the Parties proceed with the Subsequent Closing on the basis of a consideration for the acquisition of the Remaining Shares being equal to the Minimum Second Tranche Purchase Price, without prejudice to ND’s and MD’s right to seek and obtain additional consideration for the sale of the Remaining Shares in the event they disagree with the Purchaser’s calculation of the Second Tranche Purchase Price based upon Reference Year Revenues.
Subsequent Closing Date. Section 2.2..................................................7