Initial Closing Date definition

Initial Closing Date has the meaning set forth in Section 2.1.

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Initial Closing Date shall have the meaning assigned to such term in Section 2.2 hereof.

Initial Closing Date means the date on which the Initial Closing occurs.

Examples of Initial Closing Date in a sentence

Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6(a) and 7(a) below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, shall purchase from the Company on the Initial Closing Date (as defined below), an Initial Note in the original principal amount as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers (the “Initial Closing”).
The Management Fee shall commence on the Initial Closing Date and shall be earned annually based on the number of years set forth in the Subscription Agreement; provided, that the Management Fee with respect to any Member may be paid in full and in advance upon the date of such Member’s admission or Subscription Amount increase.
The Facility Fee shall be due and payable on each anniversary of the Initial Closing Date until the Buyers have purchased an aggregate original principal amount of $10 million of Notes pursuant to the terms of this Agreement or until the termination of this Agreement in accordance with its terms.
The Buyers’ rights to effect any Additional Optional Closings hereunder shall terminate on the three (3) year anniversary of the Initial Closing Date (or such earlier date as the Buyers shall determine, in their sole discretion, by delivery of a written notice to the Company) (the “Additional Closing Expiration Date”).
For the avoidance of doubt, each of the Initial Closing and each Additional Closing is referred to herein as a “Closing.” Each of the Initial Closing Date and each Additional Closing Date is referred to herein as a “Closing Date.” At each Closing, the Company will deliver to each Investor the Note and Warrant to be purchased by such Investor, against receipt by the Company of the corresponding principal amount funded by such Investor and the purchase price of the corresponding Warrant.

More Definitions of Initial Closing Date

Initial Closing Date means the Trading Day on which all of the Transaction Documents have been executed and delivered by the applicable parties thereto, and all conditions precedent to (i) the Purchasers’ obligations to pay the Subscription Amount and (ii) the Company’s obligations to deliver the Securities, in each case, have been satisfied or waived; provided, however, the Initial Closing Date shall not be later than two (2) Trading Days after the date of this Agreement.

Initial Closing Date means the date of the Initial Closing.

Initial Closing Date shall have the meaning set forth in the Securities Purchase Agreement.

Initial Closing Date shall have the meaning set forth in Section 3.1.

Initial Closing Date has the meaning set forth in Section 4.

Initial Closing Date. The Closing Date on which the Initial Purchaser purchases and the Seller sells the first Mortgage Loan Package hereunder.

Initial Closing Date means the Initial Closing Date as defined in the Purchase Agreement.

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