Common use of First Closing Clause in Contracts

First Closing. The First Closing shall take place electronically. The date and time of the First Closing (the “First Closing Date”) shall be 10:00 a.m., New York time, no later than the second (2nd) Business Day on which the conditions to the Closing set forth in Sections 6 and 7 are satisfied or waived (or such other date as is mutually agreed to by the Company and each Buyer). “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed.

Appears in 5 contracts

Sources: Securities Purchase Agreement (Klotho Neurosciences, Inc.), Securities Purchase Agreement (Klotho Neurosciences, Inc.), Securities Purchase Agreement (TNL Mediagene)

First Closing. The First Closing shall take place electronically. The date and time of the First Closing (the “First Closing Date”) shall be 10:00 a.m., New York time, no later than on the second first (2nd1st) Business Day (as defined below) (and including the date hereof if a Business Day) on which the conditions to the First Closing set forth in Sections 6 6(a) and 7 7(a) below are satisfied or waived (or such other date as is mutually agreed to by the Company and each Buyer). As used herein “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks in New York, New York City are authorized or required by law to remain closed.

Appears in 1 contract

Sources: Securities Purchase Agreement (EnteroMedics Inc)

First Closing. The First Closing shall take place electronically. The date and time of the First Closing (the “First Closing Date”) shall be 10:00 a.m., New York time, no later than the second (2nd) Business Day on which the conditions to the First Closing set forth in Sections 6 and 7 are satisfied or waived (or such other date as is mutually agreed to by the Company and each Buyer). “Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed.

Appears in 1 contract

Sources: Securities Purchase Agreement (zSpace, Inc.)