Unit Closing definition

Unit Closing means a closing of the sale of a Unit by the Borrower or a Guarantor to a bona fide purchaser for value that is not the Borrower or a Guarantor or an Affiliate of the Borrower or a Guarantor.
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Unit Closing means a closing of the sale of a Unit by a Loan Party to a bona fide purchaser for value that is not an Affiliate of a Loan Party.
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Examples of Unit Closing in a sentence

  • No employee shall fail to be classified as full-time due to time spent on FMLA, Military (USERRA) or Temporary Unit Closing (TUC) leave.

  • As used herein, “Closing” means the Unit Closing or the Founder Shares Closing, as applicable, and “Closing Date” means the Unit Closing Date or the Founder Shares Closing Date, as applicable.

  • NRKW population size has been generally increasing for the last four decades with 268 individuals at the end of 2011.

  • On the applicable Unit Closing Date, the Company shall deliver to the Purchaser: (i) a certificate representing the number of shares of Common Stock to be purchased at such Unit Closing Date by the Purchaser, and (ii) an executed copy of this Agreement.

  • On each respective Unit Closing Date, subject to the satisfaction of the conditions to closing, each Purchaser shall deliver by wire transfer to an account designated by the Company, no later than the close of business on such respective Unit Closing Date, the aggregate Purchase Price for the Units purchased on such respective Unit Closing Date.

  • During the months that an employee is on Temporary Unit Closing (TUC) leave (that is, the summer months between academic years, Winter Break and Spring Break), the Employer will continue to pay its share of the cost of the premium on behalf of the employee so long as the employee continues to pay his/her share of the cost of the premium.

  • On the applicable Unit Closing Date, the Purchaser shall deliver to the Company: (i) an executed copy of this Agreement, and (ii) the applicable consideration provided for in Section 1(a)(iii) hereof.

  • Employees on Temporary Unit Closing (TUC) leave will be required to make arrangements with the Employer in May, prior to the end of the academic year, as to how they will pay their share of the premium during the summer Temporary Unit Closing (TUC) leave period.

  • In the event that the Agent receives such request in accordance herewith, then the Agent shall release its Liens on such Mortgaged Property (or the portion thereof, including any related personal property) within five Business Days prior to the date of the Housing Unit Closing so long as no Default has occurred.

  • All limited liability company action required to be taken by the General Partner for the execution and delivery of this Agreement and the other Basic Documents to which it is or will be a party and the consummation of the transactions contemplated hereby and thereby have been, or prior to the applicable Preferred Unit Closing shall have been, duly and validly taken.

Related to Unit Closing

  • Plant closing means the closing of a plant site or other corporate location that directly results in termination of the Grantee’s Service.

  • First Closing has the meaning set forth in Section 2.2(a).

  • Put Closing shall have the meaning set forth in Section 2.3.8.

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

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