Common use of Additional Closing Date Clause in Contracts

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Medcare Technologies Inc), Securities Purchase Agreement (Medcare Technologies Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer and each other Buyer shall have delivered to the Company the Additional Purchase Price for the Additional Preferred Shares and the related Warrants being purchased by such Buyer at the such Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such specified date), and such Buyer shall have performed, satisfied and complied in all respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 2 contracts

Sources: Securities Purchase Agreement (TXCO Resources Inc), Securities Purchase Agreement (TXCO Resources Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Alpha Beta Technology Inc), Securities Purchase Agreement (Visual Data Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer and each other Buyer shall have delivered to the Company the Additional Purchase Price for the Additional Preferred Shares and the related Warrants Notes being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 2 contracts

Sources: Securities Purchase Agreement (MFC Development Corp), Securities Purchase Agreement (Inksure Technologies Inc.)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes and the related Additional Warrants to each Buyer at the each Additional Closing is subject to the satisfaction, at or before the applicable such Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares Notes and the related Additional Warrants being purchased by such Buyer at the applicable Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Viewpoint Corp/Ny/), Securities Purchase Agreement (Commtouch Software LTD)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes to each Buyer at the each Additional Closing is subject to the satisfaction, at or before the applicable such Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered evidence of indebtedness to the Company in an amount equal to the Purchase Price in exchange for the Additional Preferred Shares and the related Warrants Notes being purchased by such Buyer at the applicable Additional Closing by wire delivering transfer of immediately available funds pursuant documentation transferring the Bank Debt from the Buyer to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date. (iii) The principal amount of Additional Notes being purchased at such Additional Closing shall equal or exceed $3,500,000. (iv) Each Buyer purchasing Additional Notes in the applicable Additional Closing shall have satisfied conditions (i) through (iii) of this Section 6(b).

Appears in 1 contract

Sources: Securities Purchase Agreement (Komag Inc /De/)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Units to each Buyer at the Additional Closing is subject to the delivery to the Company of the Additional Notice by the Buyer and the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Warrants Units being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein in this Agreement shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date. (iii) No suit, action or other proceeding shall have been commenced (and be pending) which seeks to restrain or prohibit or questions the validity or legality of the transactions contemplated by the Transaction Documents, nor shall any such suit, action or proceeding be threatened. (iv) All consents, Permits, authorizations, approvals, waivers and amendments required for the consummation of the transactions contemplated by the Transaction Documents shall have been obtained.

Appears in 1 contract

Sources: Securities Purchase Agreement (Tmci Electronics Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes and Additional Warrants to each Buyer at the any Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price (less the amount withheld pursuant to Section 4(h)) for the Additional Preferred Shares Notes and the related Additional Warrants being purchased by such Buyer at the such Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the such Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable such Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Infinity Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes and the related Additional Warrants to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable such Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares Notes and the related Additional Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Aphton Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares and the Additional Warrants to each Buyer at the each Additional Closing is subject to the satisfaction, at or before the applicable such Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Additional Warrants being purchased by such Buyer at the applicable Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Netplex Group Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares and the Additional Warrants to each Buyer at the Additional Closing Closings is subject to the satisfaction, at or before each of the applicable Additional Closing DateDates, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereofdiscretion: (i) Such The Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Andrea Electronics Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes and Additional Warrants to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's ’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer and each other Buyer shall have delivered to the Company the Additional Purchase Price (less, in the case of a Buyer, the amounts withheld by such Buyer pursuant to Section 4(h)) for the Additional Preferred Shares Notes and the related Additional Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though originally made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (POSITIVEID Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes and Warrants to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's ’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer and each other Buyer shall have delivered to the Company the Additional Purchase Price for the Additional Preferred Shares Notes and the related Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though originally made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Converted Organics Inc.)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes and the related Additional Warrants to each Buyer at the an Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's ’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares Notes and the related Additional Warrants being purchased by such Buyer at the applicable Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Corvis Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Common Shares and the related Additional Warrants to each Buyer at the each Additional Closing is subject to the satisfaction, at or before the applicable such Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Common Shares and the related Additional Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Digitalthink Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares and the related Additional Warrants to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have complied with the requirements of Section 1(d). (ii) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Additional Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (iiiii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Goodnoise Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares and the Additional Warrants to each Buyer at the each Additional Closing is subject to the satisfaction, at or before the applicable such Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Additional Warrants being purchased by such Buyer at the applicable Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.such

Appears in 1 contract

Sources: Securities Purchase Agreement (Log on America Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares and the Additional Warrants to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Wavo Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares Notes and the related Additional Warrants to each New Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable each Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each New Buyer with prior written notice thereof: (i) Such New Buyer and each other New Buyer shall have delivered to the Company the Additional Purchase Price (less, in the case of H▇▇▇▇▇ Bay, the amounts withheld by such New Buyer pursuant to Section 4(g)) for the Additional Preferred Shares Notes and the related Additional Warrants being purchased by such New Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such New Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such New Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such New Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Fuse Science, Inc.)

Additional Closing Date. (i) The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred D Shares to each Buyer Buyers at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's ’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereofdiscretion: (i) Such Buyer A. The Buyers shall have delivered to the Company the Purchase Price for the Additional Preferred D Shares (and the related Warrants Warrants) being purchased by such Buyer Buyers at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) B. The representations and warranties of such Buyer Buyers contained herein shall be true and correct as of the date when made and as of the applicable Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true as of that date), and such Buyer Buyers shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer Buyers at or prior to the applicable Additional Closing Date. The Company shall have received a certificate from each Buyer, executed by the Chief Executive Officer of such Buyer or other person reasonably satisfactory to the Company, dated as of the Initial Closing Date, to the foregoing effect. C. The Stockholder Approval Condition has been satisfied.

Appears in 1 contract

Sources: Securities Purchase Agreement (Andrea Electronics Corp)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares and the related Warrants to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have complied with the requirements of Section 1(c). (ii) Such Buyer shall have delivered to the Company the Purchase Price for the Additional Preferred Shares and the related Warrants being purchased by such Buyer at the Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (iiiii) The representations and warranties of such Buyer contained herein shall be true and correct in all material respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date), and such Buyer shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Smart Choice Automotive Group Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Shares to each Buyer at the Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's ’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer and each other Buyer shall have delivered to the Company the Additional Purchase Price for the Additional Preferred Shares and the related Warrants being purchased by such Buyer at the such Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct in all respects as of the date when made and as of the Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such specified date), and such Buyer shall have performed, satisfied and complied in all respects with the covenants, agreements and conditions required by the Transaction Documents this Agreement to be performed, satisfied or complied with by such Buyer at or prior to the applicable Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (TXCO Resources Inc)

Additional Closing Date. The obligation of the Company hereunder ----------------------- to issue and sell the Additional Preferred Notes and the Additional Shares to each Buyer at the any Additional Closing is subject to the satisfaction, at or before the applicable Additional Closing Date, of each of the following conditions, provided that these conditions are for the Company's ’s sole benefit and may be waived by the Company at any time in its sole discretion by providing each Buyer with prior written notice thereof: (i) Such Buyer shall have delivered to the Company the Purchase Price (less the amount withheld pursuant to Section 4(h)) for the Additional Preferred Shares Notes and the related Warrants Additional Shares being purchased by such Buyer at the such Additional Closing by wire transfer of immediately available funds pursuant to the wire instructions provided by the Company. (ii) The representations and warranties of such Buyer contained herein shall be true and correct as of the date when made and as of the such Additional Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such date), and such Buyer shall have performed, satisfied and complied with the covenants, agreements and conditions required by the Transaction Documents to be performed, satisfied or complied with by such Buyer at or prior to the applicable such Additional Closing Date.

Appears in 1 contract

Sources: Securities Purchase Agreement (Gastar Exploration LTD)