022 Closing Sample Clauses

022 Closing. Subject to the satisfaction or waiver of the ------- conditions set forth in this Agreement, each sale and purchase of the 8.5% Convertible Preferred Stock pursuant to Section 2.01 (the first such sale and purchase, together with the purchase and sale of Common Stock and the Delivery of Common Stock, shall be referred to herein as the "Initial Closing"; and the --------------- second sale and purchase shall be referred to herein as the "Second Closing") -------------- shall take place no later than December 31, 1997, at the offices of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇, counsel to the Company, at ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, on the first business day following the date on which the conditions in Article V are satisfied (or waived by the Investors or the Company, as the case may be) (the date of the Initial Closing, the "Initial ------- Closing Date"; and the date of the Second Closing, the "Second Closing Date") ------------- ------------------- or at such other time and place as may be mutually agreed upon by the Investors and the Company.