Closing Date definition: Copy, customize, and use instantly
Introduction
The term "Closing Date" refers to the specific date on which the final actions required for the completion of a transaction occur. It is essential for marking the official completion of a deal, ensuring that all closing conditions are met, and formalizing the transfer of ownership or responsibilities.
Below are various examples of how "Closing Date" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Closing Date" as business transaction completion
This definition ties "Closing Date" to the finalization of all required actions in a business transaction.
"Closing Date" means the date on which all closing conditions have been met, and the transaction is completed, as specified in the agreement, including the transfer of ownership, exchange of consideration, and signing of final documentation.
Definition of "Closing Date" as real estate transaction completion
This definition connects "Closing Date" to the completion of a real estate sale.
"Closing Date" refers to the date upon which the title to the property is transferred from the seller to the buyer, and the purchase price is paid, completing the transaction as outlined in the sales contract.
Definition of "Closing Date" as investment agreement finalization
This definition links "Closing Date" to the final exchange of capital in an investment agreement.
"Closing Date" means the date when the investment is finalized, and the investor’s funds are exchanged for the agreed-upon shares, equity, or other investment interests in the company or project.
Definition of "Closing Date" as merger and acquisition conclusion
This definition applies "Closing Date" to the completion of a merger or acquisition.
"Closing Date" refers to the date on which all conditions precedent to closing have been satisfied or waived, and the merger or acquisition is concluded, resulting in the transfer of shares or assets to the acquirer.
Definition of "Closing Date" as business transaction completion
This definition ties "Closing Date" to the finalization of all required actions in a business transaction.
"Closing Date" means the date on which all closing conditions have been met, and the transaction is completed, as specified in the agreement, including the transfer of ownership, exchange of consideration, and signing of final documentation.
Definition of "Closing Date" as real estate transaction completion
This definition connects "Closing Date" to the completion of a real estate sale.
"Closing Date" refers to the date upon which the title to the property is transferred from the seller to the buyer, and the purchase price is paid, completing the transaction as outlined in the sales contract.
Definition of "Closing Date" as investment agreement finalization
This definition links "Closing Date" to the final exchange of capital in an investment agreement.
"Closing Date" means the date when the investment is finalized, and the investor’s funds are exchanged for the agreed-upon shares, equity, or other investment interests in the company or project.
Definition of "Closing Date" as merger and acquisition conclusion
This definition applies "Closing Date" to the completion of a merger or acquisition.
"Closing Date" refers to the date on which all conditions precedent to closing have been satisfied or waived, and the merger or acquisition is concluded, resulting in the transfer of shares or assets to the acquirer.
Definition of "Closing Date" as funding release in a loan agreement
This definition connects "Closing Date" to the final release of loan funds.
"Closing Date" refers to the date when the borrower receives the loan amount in full, following the completion of all necessary steps and documentation, as specified in the loan agreement.
Definition of "Closing Date" as the end of a financing round
This definition links "Closing Date" to the conclusion of a financing round in venture capital or private equity.
"Closing Date" means the date on which all subscriptions in the financing round are completed, and the capital commitment is finalized, including the issuance of new shares or securities to investors.
Definition of "Closing Date" as intellectual property transaction completion
This definition applies "Closing Date" to the conclusion of an intellectual property sale or licensing agreement.
"Closing Date" refers to the date on which the transfer of intellectual property rights is completed, and all payments or other agreed-upon considerations are exchanged.
Definition of "Closing Date" as acquisition of assets
This definition connects "Closing Date" to the acquisition of assets in a business deal.
"Closing Date" means the date on which the buyer takes possession of the acquired assets, and the purchase price is paid, marking the completion of the asset acquisition transaction.
Definition of "Closing Date" as the conclusion of a government contract
This definition ties "Closing Date" to the completion of a government contract.
"Closing Date" refers to the date on which all contractual obligations are fulfilled and the contract is officially closed, with any remaining financial settlements and paperwork completed.
Definition of "Closing Date" as joint venture formation
This definition links "Closing Date" to the formation of a joint venture.
"Closing Date" means the date on which the parties to a joint venture agreement complete all necessary actions, including the signing of final documents and transfer of equity or capital, to officially form the joint venture.
Definition of "Closing Date" as project completion
This definition applies "Closing Date" to the completion of a project or service agreement.
"Closing Date" refers to the final date on which a project or service agreement is completed, all deliverables are received, and final payments are made, signifying the conclusion of the contract.
Definition of "Closing Date" as the conclusion of a supply agreement
This definition ties "Closing Date" to the conclusion of a supply or procurement contract.
"Closing Date" means the date on which all goods are delivered, payment is made, and all conditions in the supply agreement are fulfilled, marking the official completion of the transaction.
Definition of "Closing Date" as the finalization of an employment contract
This definition links "Closing Date" to the completion of an employment agreement.
"Closing Date" refers to the date when all terms of the employment agreement are finalized, including any required documentation, and the employment relationship begins or ends as specified in the contract.
Definition of "Closing Date" as the formalization of a debt settlement agreement
This definition applies "Closing Date" to the finalization of a debt settlement.
"Closing Date" means the date on which all terms of the debt settlement agreement are executed, and the settlement payment is made, completing the resolution of the debt.
Definition of "Closing Date" as completion of a franchise agreement
This definition connects "Closing Date" to the completion of a franchise agreement.
"Closing Date" refers to the date on which the franchise agreement is signed, the franchise fee is paid, and the franchisee takes control of the franchise operation, marking the commencement of the franchise relationship.
Definition of "Closing Date" as the completion of a real estate lease agreement
This definition ties "Closing Date" to the point when a real estate lease agreement is finalized and the lessee takes possession.
"Closing Date" refers to the date on which the lease agreement becomes effective, the first payment is made, and the property is formally transferred to the lessee.
Definition of "Closing Date" as the finalization of an insurance policy
This definition connects "Closing Date" to the completion of an insurance policy, where all conditions are met.
"Closing Date" means the date on which all paperwork for the insurance policy is finalized, premium payments are made, and the policy coverage becomes effective.
Definition of "Closing Date" as the conclusion of a service level agreement (SLA)
This definition links "Closing Date" to the completion of the obligations in a service level agreement.
"Closing Date" refers to the date on which all service obligations are fulfilled, final payments are made, and the service provider’s responsibilities under the SLA are officially completed.
Definition of "Closing Date" as the termination of a partnership agreement
This definition ties "Closing Date" to the official end of a partnership agreement after all formalities are completed.
"Closing Date" means the date when all necessary documents are signed, financial settlements are made, and the partnership formally ends.
Definition of "Closing Date" as the conclusion of a software licensing agreement
This definition connects "Closing Date" to the completion of a software licensing agreement, marking the transfer of rights.
"Closing Date" refers to the date on which the license agreement is finalized, any required licensing fees are paid, and the rights to use the software are officially transferred.
Definition of "Closing Date" as the finalization of a construction contract
This definition ties "Closing Date" to the completion of a construction project, including all required inspections and payments.
"Closing Date" means the date when all construction work is completed, inspections are passed, and the contractor receives final payment for the project.
Definition of "Closing Date" as the completion of a patent transfer agreement
This definition links "Closing Date" to the point when patent ownership is transferred.
"Closing Date" refers to the date when the transfer of patent rights is finalized, and the ownership of the patent is officially transferred from the seller to the buyer.
Definition of "Closing Date" as the conclusion of a supplier agreement
This definition ties "Closing Date" to the completion of all obligations under a supplier agreement, including delivery and payment.
"Closing Date" means the date on which all goods have been delivered, payment has been made, and both parties’ obligations under the supplier agreement are completed.
Definition of "Closing Date" as the completion of an equity sale
This definition connects "Closing Date" to the finalization of an equity sale, marking the transfer of ownership.
"Closing Date" refers to the date when the final sale of equity shares is completed, payment is received, and the buyer takes ownership of the shares.
Definition of "Closing Date" as the completion of a royalty agreement
This definition links "Closing Date" to the fulfillment of terms in a royalty agreement.
"Closing Date" means the date on which the final royalty payments are made, and the agreement’s terms regarding payments, intellectual property usage, or distribution are fulfilled.
Definition of "Closing Date" as the finalization of a government procurement contract
This definition connects "Closing Date" to the conclusion of a government procurement contract, when all obligations are settled.
"Closing Date" refers to the date when all performance obligations are completed, payments are processed, and the government procurement contract is officially closed.
Definition of "Closing Date" as the completion of a corporate restructuring agreement
This definition ties "Closing Date" to the formal conclusion of a corporate restructuring process.
"Closing Date" means the date when all necessary steps for the corporate restructuring are completed, including the transfer of assets, liabilities, and operational responsibilities, finalizing the agreement.
Definition of "Closing Date" as the conclusion of a loan refinancing agreement
This definition links "Closing Date" to the point when the refinancing agreement becomes effective.
"Closing Date" refers to the date when the refinancing terms are finalized, and the borrower’s new loan agreement is executed, replacing the original debt agreement.
Definition of "Closing Date" as the finalization of a distribution agreement
This definition connects "Closing Date" to the moment when a distribution agreement becomes effective.
"Closing Date" means the date on which the distribution agreement is fully executed, and the distributor is authorized to begin operations under the terms of the agreement.
Definition of "Closing Date" as the completion of an artist or talent management contract
This definition ties "Closing Date" to the finalization of an artist or talent management relationship.
"Closing Date" refers to the date when all terms of the artist or talent management contract are finalized, including payment for services and the official start of the management relationship.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.