Drawdown Closing definition

Drawdown Closing means the completion of an equity drawdown pursuant to this Agreement by the Investor paying the Equity Drawdown Amount to the Company and the Company allotting and issuing Common Shares to the Investor on a private placement basis in consideration for the Equity Drawdown Amount;
View Source
Drawdown Closing is defined in Section 8.21(c).
View Source
Drawdown Closing has the meaning given to such term in Section 3.1(d).
View Source

Examples of Drawdown Closing in a sentence

  • Each Drawdown Closing will occur on the date that is five (5) Business Days after the date of the applicable Acceptance Notice (each, a “Drawdown Date”).

  • Delivery of such stock certificates shall be made against receipt by Parent of the purchase price payable therefor, which shall be paid by wire transfer of immediately available funds to an account designated in writing by Parent to the WCAS Securityholders at least three Business Days prior to the applicable Drawdown Closing Date.

  • Notwithstanding the first sentence of this Section 8.21(c)(i), no Drawdown Closing shall be effected after the date that is the nineteen-month anniversary of the Closing Date.

  • The Purchaser has available funds necessary to consummate the Initial Closing and any Drawdown Closing on the terms and conditions contemplated by this Agreement.

  • The date of each Drawdown Closing is referred to herein as a "Drawdown Closing Date." Unless mutually agreed by Parent and the WCAS Securityholders, no Drawdown Closing Date shall take place earlier than the 30th day after a prior Drawdown Closing Date.

  • At each Drawdown Closing, Parent shall deliver to each WCAS Securityholder a stock certificate in definitive form registered in the name of such WCAS Securityholder representing the shares of Parent Series B Preferred Stock being purchased by such WCAS Securityholder at such Drawdown Closing.

  • In the event that a Drawdown Closing is delayed pursuant to clause (B), (C) or (D) above, Parent shall not be obligated to issue any shares of Parent Series B Preferred Stock, and, subject to Section 8.21(c)(i), such Drawdown Closing shall take place on the fifteenth day (or if such day is not a Business Day, on the first Business Day following such fifteenth day) following the satisfaction of the condition specified in clause (B), (C) or (D), as the case may be.

  • The conditions to each party’s obligation to consummate the Initial Closing or any Drawdown Closing are for the sole benefit of such party and may be waived by such party in whole or in part to the extent permitted by applicable Law.

  • The Corporation shall make all filings and reports relating to the offer and sale of the securities being sold in the Offering required under applicable securities or “Blue Sky” laws of the states of the United States following the Initial Closing Date and any Drawdown Closing Date and Escrow Funding Date.

  • Except as set forth herein, at the Effective Date and each Drawdown Closing, the Company shall be responsible for the payment of any placement agent’s fees, financial advisory fees, or brokers’ commissions, relating to or arising out of the transactions contemplated hereby.

Related to Drawdown Closing

  • Loan Closing means the date on which an executed Loan Agreement between the Trust and a Borrower is delivered pursuant to this Bond Resolution.

  • Loan Closing Date means the date upon which the Loan is made to the Company.

  • Second Closing has the meaning set forth in Section 2.2.

  • Initial Closing shall have the meaning ascribed to such term in Section 2.1.

  • Subsequent Closing has the meaning set forth in Section 3.2.