Common use of THE INITIAL CLOSING DATE Clause in Contracts

THE INITIAL CLOSING DATE. The date and time of the Initial Closing (the "INITIAL CLOSING DATE") shall be 10:00 a.m. New York Time, within three (3) Business Days following the date hereof, subject to the satisfaction of the conditions to the Initial Closing set forth in Sections 9(a) and 10(a) (or such later date as is mutually agreed to by the Company and Buyer). The Initial Closing shall occur on the Initial Closing Date at the offices of Buyer, 1114 Avenue of the ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇. "BUSINESS DAY" means any day other than Saturday, Sunday or other day on which commercial banks in the City of New York are authorized or required by law to remain closed.