Tranche I Closing Date definition
Examples of Tranche I Closing Date in a sentence
Since the Tranche I Closing Date, no event that had or is reasonably likely to have a material adverse effect on the business or financial condition of the Company, or materially and adversely affect the ability of the Company to perform its obligations pursuant to this Agreement has occurred.
Upon and subject to the terms and conditions of this Agreement, on the Tranche I Closing Date, CommScope shall purchase, and the Company shall issue to CommScope, the Tranche I Shares for the Tranche I Subscription Price.
On the Tranche I Closing Date, provided the conditions set out below in subsections (a) to (n) in this Section 4.11 have been fulfilled by the Issuer and the Company or waived in writing by the Purchaser, the Purchaser shall promptly initiate and cause a wire transfer in same day funds to be sent to the account of the Issuer, as instructed in writing by the Issuer, in an amount equal to the Tranche I Subscription Amount.
The parties hereto agree to enter into the Registration Rights Agreement, in substantially the form attached hereto as ANNEX IV, on or before the Tranche I Closing Date (as defined in Section 7(b) hereof), and the Company shall cause such Registration Rights Agreement to remain in full force and effect for so long as the Securities are outstanding, and the Company shall comply with the terms thereof.
The Purchaser shall enter into the Escrow Agreement prior to the Tranche I Closing Date.
Further, the Company shall have no obligations under this Section to indemnify any Investor unless and until the actual aggregate losses incurred by all Investors arising out of or based upon one or more Violations as provided for in Section from the Tranche I Closing Date on a cumulative basis, are at least U.S.$25,000.
Subject to the satisfaction or waiver of the conditions set forth in Sections 7.01 and 7.02, the closing in respect of the Tranche I Issuance (the "Tranche I Closing") shall occur immediately after the Company Contribution and immediately prior to the Distribution, which is expected to occur no later than 12 months from the date hereof, or at such other time and date as the parties hereto shall agree in writing (such date and time, the "Tranche I Closing Date").
The Purchaser has on call and will have on the Tranche I Closing Date available funds sufficient to (a) consummate the purchase of the Tranche I Stock to be purchased by it on the Tranche I Closing Date and (b) consummate the purchase of the Tranche II Stock to be purchased by it on the Tranche II Closing Date.
In the event that the Seller Parties and Purchaser agree to revisions to the Tranche I Estimated Closing Statement, the Seller Parties shall deliver their revised, if applicable, statement of estimated Proration Items and other credits and adjustments to the Tranche I Unadjusted Purchase Price to Purchaser no less than two Business Days before the Tranche I Closing Date (the Tranche I Estimated Closing Statement or the revised statement, if any, the “Tranche I Closing Statement”).
The date of the Tranche I Closing is hereinafter referred to as the "Tranche I Closing Date" and the date of the Tranche II Closing is hereinafter referred to as the "Tranche II Closing Date").