Each Closing. Upon satisfaction of the conditions set forth in Section 2.1(b), the Closings shall occur at the offices of the Escrow Agent at which time the Escrow Agent (x) shall release the Convertible Debentures and the Warrants to the Investors, and (y) shall release the Purchase Price (after all fees have been paid as set forth in the Escrow Agreement), pursuant to the terms of the Escrow Agreement.
Appears in 2 contracts
Sources: Convertible Debentures and Warrants Purchase Agreement (Calypte Biomedical Corp), Convertible Debentures and Warrants Purchase Agreement (Calypte Biomedical Corp)