Common use of Commitment, Closing Date Clause in Contracts

Commitment, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Debentures in the aggregated principal amount of $3,000,000.00 at a price of 100% of the principal amount thereof. Delivery of the Debentures will be made at the offices of Xxxxxxxx & Xxx, PLC, 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxx, Xxxxxxxxx 00000, against payment therefor by federal funds wire transfer in immediately available funds and to the accounts and in the amounts in accordance with the Company's written wire instructions received at least twenty-four (24) hours previously, at 10:00 A.M., Nashville time, on March 31, 1997, or such later date (not later than _________________________, 1997) as the Company and Purchaser shall agree (the "Closing Date"). The Debentures delivered to Purchaser on the Closing Date will be delivered to Purchaser in the form of a single registered Debenture for the full amount of such purchase (unless different denominations are specified by Purchaser), registered in Purchaser's name or in the name of such nominee as Purchaser may specify and, with appropriate insertions, in the form attached hereto as Exhibit A, all as Purchaser may specify at least 24 --------- hours prior to the date fixed for delivery.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Cover All Technologies Inc)

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Commitment, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Debentures in the aggregated aggregate principal amount of Four Million Five Hundred Thousand Dollars ($3,000,000.00 4,500,000.00) at a price of 100% of the principal amount thereof. Delivery of the Debentures will be made at the offices of Xxxxxxxx & XxxTandem Capital, PLCInc., 000 Xxxxxx XxxxxxNashville, Xxxxx 0000, Xxxxxxxxx, Xxxxxxxxx 00000Tennessee, against payment therefor by federal funds wire transfer in immediately available funds and to the accounts and in the amounts set forth in accordance with the Company's written wire instructions received at least twenty-four (24) hours previouslyin the form of Exhibit B hereto, at 10:00 A.M., Nashville time, on March 31, 1997July 11, or such later date (not later than _________________________, 1997) as the Company and Purchaser shall agree (the "Closing Date"). The Debentures delivered to Purchaser on the Closing Date will be delivered to Purchaser in the form of a single registered Debenture for the full amount of such purchase (unless different denominations are specified by Purchaser), registered in Purchaser's name or in the name of such nominee as Purchaser may specify and, with appropriate insertions, in the form attached hereto as Exhibit AA-1, all as Purchaser may specify at least 24 --------- hours prior to the date fixed for delivery.,

Appears in 1 contract

Samples: Debenture Purchase Agreement (Universal Automotive Industries Inc /De/)

Commitment, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Debentures in the aggregated principal amount of $3,000,000.00 4,250,000 at a price of 100% of the principal amount thereof. Delivery of the Debentures will be made at the offices of Xxxxxxxx & Xxx, PLC, 000 Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxx, Xxxxxxxxx 00000, against payment therefor by federal funds wire transfer in immediately available funds and to the accounts and in the amounts in accordance with the Company's written wire instructions received at least twenty-four (24) hours previouslyinstructions, at 10:00 A.M., Nashville Nashville, Tennessee time, on March 31February 13, 1997, or such later date (not later than _________________________, 1997) as the Company and Purchaser shall agree (the "Closing DateCLOSING DATE"). The Debentures delivered to Purchaser on the Closing Date will be delivered to Purchaser in the form of a single registered Debenture for the full amount of such purchase (unless different denominations are specified by Purchaser), registered in Purchaser's name or in the name of such nominee as Purchaser may specify and, with appropriate insertions, in the form attached hereto as Exhibit EXHIBIT A, all as Purchaser may specify at least 24 --------- hours prior to the date fixed for delivery.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Teltronics Inc)

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Commitment, Closing Date. Subject to the terms and conditions hereof and on the basis of the representations and warranties hereinafter set forth, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Debentures in the aggregated aggregate principal amount of Three Million Dollars ($3,000,000.00 3,000,000.00) at a price of 100% of the principal amount thereof. Delivery of the Debentures will be made at the offices of Xxxxxxxx & XxxTandem Capital, PLCInc., 000 Xxxxxx XxxxxxNashville, Xxxxx 0000, Xxxxxxxxx, Xxxxxxxxx 00000Tennessee, against payment therefor by federal funds wire transfer in immediately available funds and to the accounts and in the amounts set forth in accordance with the Company's written wire instructions received at least twenty-four (24) hours previouslyin the form of Exhibit B hereto, at 10:00 A.M., Nashville time, on March 31, 1997, June 27 or such later date (not later than _________________________, 1997) as the Company and Purchaser shall agree (the "Closing Date"). The Debentures delivered to Purchaser on the Closing Date will be delivered to Purchaser in the form of a single registered Debenture for the full amount of such purchase (unless different denominations are specified by Purchaser), registered in Purchaser's name or in the name of such nominee as Purchaser may specify and, with appropriate insertions, in the form attached hereto as Exhibit AEXHIBIT A-1, all as Purchaser may specify at least 24 --------- hours prior to the date fixed for delivery.

Appears in 1 contract

Samples: Debenture Purchase Agreement (Altris Software Inc)

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