Common use of Closing and Delivery Clause in Contracts

Closing and Delivery. At the Closing (as defined below), the Company shall issue and sell to Subscriber such number of Units as is set forth immediately below Subscriber’s name on the signature page hereto. Subscriber shall pay an amount equal to $25,000 times the number of Units to be purchased (the “Purchase Price”) for the Purchased Units payable by check or wire transfer to the Company or its designee to be held in escrow by the Company until Closing for release to the Company thereafter. Promptly after the Closing, the Company shall deliver to the Subscriber a duly executed certificate representing the Units, which the Subscriber is purchasing hereunder. The Closing of the subscription of Units hereunder (the “Closing”) shall occur immediately upon (i) the receipt and acceptance by the Company of a properly executed signature page of this Agreement by the Subscriber, and (ii) receipt of all funds for the subscription or Units hereunder by such Subscriber.

Appears in 1 contract

Samples: Subscription Agreement

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Closing and Delivery. At the Closing (as defined below), the Company shall issue and sell to Subscriber such number of Units as is set forth immediately below Subscriber’s name on the signature page hereto. Subscriber shall pay an amount equal to $25,000 10,000 times the number of Units to be purchased (the “Purchase Price”) for the Purchased Units payable by check or wire transfer to the Company or its designee to be held in escrow by the Company until Closing for release to the Company thereafter. Promptly after the Closing, the Company shall deliver to the Subscriber a duly executed certificate representing the Units, which the Subscriber is purchasing hereunder. The Closing of the subscription of Units hereunder (the “Closing”) shall occur immediately upon (i) the receipt and acceptance by the Company of a properly executed signature page of this Agreement by the Subscriber, and (ii) receipt of all funds for the subscription or Units hereunder by such Subscriber.

Appears in 1 contract

Samples: Subscription Agreement

Closing and Delivery. At the Closing (as defined below), the Company shall issue and sell to Subscriber such number of Units as is set forth immediately below Subscriber’s name on the signature page hereto. Subscriber shall pay an amount equal to $25,000 1,000.00 times the number of Units to be purchased (the “Purchase Price”) for the Purchased Units payable by check or wire transfer to the Company or its designee to be held in escrow by the Company until Closing for release to the Company thereafter. Promptly after the Closing, the Company shall deliver to the Subscriber a duly executed certificate representing the Units, which the Subscriber is purchasing hereunder. The Closing of the subscription of Units hereunder (the “Closing”) shall occur immediately upon (i) the receipt and acceptance by the Company of a properly executed signature page of this Agreement by the Subscriber, and (ii) receipt of all funds for the subscription or Units hereunder by such Subscriber.

Appears in 1 contract

Samples: Subscription Agreement

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Closing and Delivery. At the Closing (as defined below), the Company shall issue and sell to Subscriber such number of Units as is set forth immediately below Subscriber’s name on the signature page hereto. Subscriber shall pay an amount equal to $25,000 50,000.00 times the number of Units to be purchased (the “Purchase Price”) for the Purchased Units payable by check or wire transfer to the Company or its designee to be held in escrow by the Company until Closing for release to the Company thereafter. Promptly after the Closing, the Company shall deliver to the Subscriber a duly executed certificate representing the Units, which the Subscriber is purchasing hereunder. The Closing of the subscription of Units hereunder (the “Closing”) shall occur immediately upon (i) the receipt and acceptance by the Company of a properly executed signature page of this Agreement by the Subscriber, and (ii) receipt of all funds for the subscription or Units hereunder by such Subscriber.

Appears in 1 contract

Samples: Subscription Agreement

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