{"component": "clause", "props": {"groups": [{"snippet": "(a) On or prior to the First Closing Date, the Company shall deliver or cause to be delivered to each Purchaser the following:\n(i) this Agreement duly executed by the Company;\n(ii) a legal opinion of Company Counsel, directed to the Purchasers, in form and substance reasonably acceptable to the Purchasers;\n(iii) the Company shall have provided each Purchaser with the Company\u2019s wire instructions on the Company\u2019s letterhead signed by the Company\u2019s chief executive officer or chief financial officer;\n(iv) a copy of the irrevocable instructions to the Transfer Agent instructing the Transfer Agent to establish via the direct registration system a book-entry notation for that number of Shares equal to such Purchaser\u2019s Subscription Amount applicable to the Shares divided by the Per Share Purchase Price and registered in the name of such Purchaser (minus the number of shares of Common Stock issuable upon exercise of such Purchaser\u2019s Pre-Funded Warrants, if applicable);\n(v) if applicable, for each Purchaser of Pre-Funded Warrants pursuant to Section 2.1, a Pre-Funded Warrant registered in the name of such Purchaser to purchase up to a number of shares of Common Stock equal to the portion of such Purchaser\u2019s First Closing Subscription Amount applicable to Pre-Funded Warrants divided by the Per Share Purchase Price minus $0.001, with an exercise price equal to $0.001 per share of Common Stock, subject to adjustment therein; and\n(vi) the Registration Rights Agreement duly executed by the Company.\n(vii) the Lock-Up Agreements; and\n(viii) the Registration Rights Agreement duly executed by the Company\n(b) On or prior to the First Closing Date, each Purchaser shall deliver or cause to be delivered to the Company the following:\n(i) this Agreement duly executed by such Purchaser;\n(ii) to the Company, such Purchaser\u2019s First Closing Subscription Amount by wire transfer to the account specified in writing by the Company; and\n(iii) the Registration Rights Agreement duly executed by such Purchaser.", "samples": [{"hash": "TRo4OCM2yl", "uri": "/contracts/TRo4OCM2yl#first-closing", "label": "Securities Purchase Agreement (Talphera, Inc.)", "score": 36.6906242371, "published": true}, {"hash": "l7vsRbYh6Cg", "uri": "/contracts/l7vsRbYh6Cg#first-closing", "label": "Securities Purchase Agreement (Nantahala Capital Management, LLC)", "score": 36.2525672913, "published": true}, {"hash": "aDDKpS3LrgO", "uri": "/contracts/aDDKpS3LrgO#first-closing", "label": "Securities Purchase Agreement (Talphera, Inc.)", "score": 36.2498283386, "published": true}], "snippet_links": [{"key": "the-first-closing-date", "type": "clause", "offset": [19, 41]}, {"key": "the-company-shall", "type": "clause", "offset": [43, 60]}, {"key": "each-purchaser", "type": "definition", "offset": [97, 111]}, {"key": "by-the-company", "type": "clause", "offset": [160, 174]}, {"key": "legal-opinion-of-company-counsel", "type": "clause", "offset": [183, 215]}, {"key": "to-the-purchasers", "type": "clause", "offset": [226, 243]}, {"key": "form-and-substance", "type": "clause", "offset": [248, 266]}, {"key": "wire-instructions", "type": "clause", "offset": [380, 397]}, {"key": "signed-by-the", "type": "clause", "offset": [426, 439]}, {"key": "chief-executive-officer", "type": "definition", "offset": [450, 473]}, {"key": "chief-financial-officer", "type": "clause", "offset": [477, 500]}, {"key": "a-copy-of-the", "type": "clause", "offset": [507, 520]}, {"key": "instructions-to", "type": "definition", "offset": [533, 548]}, {"key": "the-transfer-agent", "type": "clause", "offset": [549, 567]}, {"key": "to-establish", "type": "definition", "offset": [599, 611]}, {"key": "direct-registration-system", "type": "definition", "offset": [620, 646]}, {"key": "equal-to", "type": "definition", "offset": [695, 703]}, {"key": "such-purchaser", "type": "definition", "offset": [704, 718]}, {"key": "applicable-to", "type": "definition", "offset": [741, 754]}, {"key": "the-shares", "type": "clause", "offset": [755, 765]}, {"key": "divided-by", "type": "clause", "offset": [766, 776]}, {"key": "per-share-purchase-price", "type": "clause", "offset": [781, 805]}, {"key": "exercise-of", "type": "clause", "offset": [909, 920]}, {"key": "funded-warrants", "type": "clause", "offset": [942, 957]}, {"key": "if-applicable", "type": "clause", "offset": [959, 972]}, {"key": "section-21", "type": "clause", "offset": [1048, 1059]}, {"key": "a-number", "type": "definition", "offset": [1141, 1149]}, {"key": "first-closing-subscription-amount", "type": "definition", "offset": [1217, 1250]}, {"key": "exercise-price", "type": "definition", "offset": [1347, 1361]}, {"key": "subject-to", "type": "clause", "offset": [1405, 1415]}, {"key": "the-registration-rights-agreement", "type": "clause", "offset": [1445, 1478]}, {"key": "the-lock", "type": "clause", "offset": [1515, 1523]}, {"key": "to-the-company", "type": "definition", "offset": [1710, 1724]}, {"key": "transfer-to", "type": "definition", "offset": [1872, 1883]}, {"key": "the-account", "type": "clause", "offset": [1884, 1895]}, {"key": "in-writing", "type": "definition", "offset": [1906, 1916]}], "size": 46, "hash": "38184da49e59ad589f44bada8ecf0343", "id": 1}, {"snippet": "The First Closing shall have occurred.", "samples": [{"hash": "16w1u7bxEth", "uri": "/contracts/16w1u7bxEth#first-closing", "label": "Reorganization and Subscription Agreement", "score": 31.3408622742, "published": true}, {"hash": "bBIXVmzekZ8", "uri": "/contracts/bBIXVmzekZ8#first-closing", "label": "Cross Purchase Agreement (Hicks Acquisition CO II, Inc.)", "score": 23.376455307, "published": true}, {"hash": "2qT1gPrq6e9", "uri": "/contracts/2qT1gPrq6e9#first-closing", "label": "Cross Purchase Agreement (Paperweight Development Corp)", "score": 23.376455307, "published": true}], "snippet_links": [{"key": "the-first-closing", "type": "clause", "offset": [0, 17]}], "size": 41, "hash": "e292aa3b2ff3249fcde1c477a0f3bfed", "id": 2}, {"snippet": "On the Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchasers, severally and not jointly, agree to purchase, an aggregate of $300,000 of Shares and Warrants. Each Purchaser shall deliver to the Company, via wire transfer or a certified check, immediately available funds equal to such Purchaser\u2019s Subscription Amount as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Shares and a Warrant, as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the First Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the First Closing shall occur at the offices of EGS or such other location as the parties shall mutually agree.", "samples": [{"hash": "9BhqSyEUFSJ", "uri": "/contracts/9BhqSyEUFSJ#first-closing", "label": "Securities Purchase Agreement (Premier Biomedical Inc)", "score": 28.3976726532, "published": true}, {"hash": "l4ukYxvicGy", "uri": "/contracts/l4ukYxvicGy#first-closing", "label": "Securities Purchase Agreement (Premier Biomedical Inc)", "score": 28.3757705688, "published": true}], "snippet_links": [{"key": "the-closing-date", "type": "clause", "offset": [3, 19]}, {"key": "terms-and", "type": "clause", "offset": [30, 39]}, {"key": "the-conditions", "type": "clause", "offset": [51, 65]}, {"key": "the-parties-hereto", "type": "clause", "offset": [162, 180]}, {"key": "to-sell", "type": "clause", "offset": [201, 208]}, {"key": "and-the-purchasers", "type": "clause", "offset": [210, 228]}, {"key": "agree-to", "type": "clause", "offset": [257, 265]}, {"key": "shares-and-warrants", "type": "clause", "offset": [304, 323]}, {"key": "each-purchaser", "type": "definition", "offset": [325, 339]}, {"key": "to-the-company", "type": "definition", "offset": [354, 368]}, {"key": "wire-transfer", "type": "definition", "offset": [374, 387]}, {"key": "certified-check", "type": "definition", "offset": [393, 408]}, {"key": "immediately-available-funds", "type": "definition", "offset": [410, 437]}, {"key": "equal-to", "type": "definition", "offset": [438, 446]}, {"key": "such-purchaser", "type": "definition", "offset": [447, 461]}, {"key": "subscription-amount", "type": "clause", "offset": [464, 483]}, {"key": "signature-page", "type": "clause", "offset": [504, 518]}, {"key": "executed-by", "type": "definition", "offset": [526, 537]}, {"key": "the-company-shall", "type": "clause", "offset": [558, 575]}, {"key": "a-warrant", "type": "definition", "offset": [628, 637]}, {"key": "section-22", "type": "clause", "offset": [665, 676]}, {"key": "other-items", "type": "definition", "offset": [734, 745]}, {"key": "at-the-first-closing", "type": "clause", "offset": [783, 803]}, {"key": "satisfaction-of", "type": "clause", "offset": [810, 825]}, {"key": "covenants-and-conditions", "type": "clause", "offset": [830, 854]}, {"key": "the-parties-shall", "type": "clause", "offset": [968, 985]}, {"key": "mutually-agree", "type": "definition", "offset": [986, 1000]}], "size": 10, "hash": "252a32d143e880f9ec77dec716885b03", "id": 8}, {"snippet": "Subject to the terms and conditions set forth in this Agreement, the Company shall issue and sell to each Investor, and each Investor shall, severally and not jointly, purchase from the Company on the First Closing Date, such number of Units set forth on the signature pages attached hereto, which will be reflected opposite such Investor\u2019s name on Exhibit A-1 (the \u201cFirst Closing\u201d). The date of the First Closing is hereinafter referred to as the \u201cFirst Closing Date.\u201d", "samples": [{"hash": "f4EGAGHgL5Q", "uri": "/contracts/f4EGAGHgL5Q#first-closing", "label": "Securities Purchase Agreement (Icagen, Inc.)", "score": 29.6187534332, "published": true}, {"hash": "aXuerDmPTr9", "uri": "/contracts/aXuerDmPTr9#first-closing", "label": "Securities Purchase Agreement (Icagen, Inc.)", "score": 28.2826824188, "published": true}, {"hash": "1Miy6trQnFX", "uri": "/contracts/1Miy6trQnFX#first-closing", "label": "Securities Purchase Agreement (Icagen, Inc.)", "score": 27.5133476257, "published": true}], "snippet_links": [{"key": "the-terms-and-conditions", "type": "definition", "offset": [11, 35]}, {"key": "in-this-agreement", "type": "clause", "offset": [46, 63]}, {"key": "the-company-shall", "type": "clause", "offset": [65, 82]}, {"key": "from-the-company", "type": "clause", "offset": [177, 193]}, {"key": "the-first-closing-date", "type": "clause", "offset": [197, 219]}, {"key": "number-of-units", "type": "definition", "offset": [226, 241]}, {"key": "signature-pages", "type": "clause", "offset": [259, 274]}, {"key": "such-investor", "type": "clause", "offset": [325, 338]}, {"key": "exhibit-a-1", "type": "definition", "offset": [349, 360]}, {"key": "date-of", "type": "clause", "offset": [388, 395]}], "size": 32, "hash": "02ec05ad22b175ebace5650fdd64f622", "id": 3}, {"snippet": "(a) Conditions Precedent to the Obligation of the Company to Sell the Preferred Stock at the First Closing. The obligation of the Company to sell the Preferred Stock at the First Closing is subject to the satisfaction or waiver (with prior written notice to each Purchaser) by the Company, on the First Closing Date, of each of the following conditions:\n(i) Accuracy of the Purchasers' Representations and Warranties. The representations and warranties of each Purchaser set forth in this Agreement shall be true and correct in all material respects as of the date when made (except for representations and warranties that speak as of a specific date) and as of the First Closing Date;\n(ii) Performance by the Purchasers. Each Purchaser shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by this Agreement and the Transaction Documents to be performed, satisfied or complied with by such Purchaser at or prior to the First Closing Date (including payment of such Purchaser's purchase price); and\n(iii) No Injunction. No statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered, promulgated, endorsed or threatened or shall be pending by or before any court or governmental authority of competent jurisdiction which prohibits the consummation of any of the transactions contemplated by this Agreement or the Transaction Documents.\n(b) Conditions Precedent to the Obligation of the Purchasers to Purchase the Preferred Stock at the First Closing. The obligation of each Purchaser to acquire and pay for the Preferred Stock at the First Closing is subject to the satisfaction or waiver (with prior written notice to the Company and each other Purchaser) by such Purchaser, on the First Closing Date, of each of the following conditions:\n(i) Accuracy of the Company's Representations and Warranties. The representations and warranties of the Company set forth in this Agreement and in each of the Transaction Documents shall be true and correct in all respects as of the date when made (except for representations and warranties that speak as of a specific date) and as of the First Closing Date;\n(ii) Performance by the Company. The Company shall have performed, satisfied and complied in all respects with all covenants, agreements and conditions required by this Agreement and the Transaction Documents to be performed, satisfied or complied with by the Company at or prior to the First Closing Date;", "samples": [{"hash": "dLDBaBEmJp4", "uri": "/contracts/dLDBaBEmJp4#first-closing", "label": "Securities Purchase Agreement (Genmar Holdings Inc)", "score": 18.0, "published": true}, {"hash": "6dDhZliH53k", "uri": "/contracts/6dDhZliH53k#first-closing", "label": "Securities Purchase Agreement (Marshall Financial Group Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "conditions-precedent-to-the-obligation-of-the-company-to-sell", "type": "clause", "offset": [4, 65]}, {"key": "the-preferred-stock", "type": "clause", "offset": [66, 85]}, {"key": "at-the-first-closing", "type": "clause", "offset": [86, 106]}, {"key": "subject-to-the", "type": "definition", "offset": [190, 204]}, {"key": "satisfaction-or-waiver", "type": "clause", "offset": [205, 227]}, {"key": "prior-written-notice", "type": "clause", "offset": [234, 254]}, {"key": "the-first-closing-date", "type": "clause", "offset": [293, 315]}, {"key": "accuracy-of-the", "type": "clause", "offset": [358, 373]}, {"key": "representations-and-warranties-of-each-purchaser", "type": "clause", "offset": [422, 470]}, {"key": "in-this-agreement", "type": "clause", "offset": [481, 498]}, {"key": "true-and-correct", "type": "clause", "offset": [508, 524]}, {"key": "in-all-material-respects", "type": "definition", "offset": [525, 549]}, {"key": "performance-by-the-purchasers", "type": "clause", "offset": [691, 720]}, {"key": "agreements-and-conditions", "type": "clause", "offset": [827, 852]}, {"key": "required-by", "type": "definition", "offset": [853, 864]}, {"key": "documents-to-be", "type": "clause", "offset": [900, 915]}, {"key": "such-purchaser", "type": "definition", "offset": [957, 971]}, {"key": "prior-to-the", "type": "clause", "offset": [978, 990]}, {"key": "payment-of", "type": "definition", "offset": [1021, 1031]}, {"key": "purchase-price", "type": "definition", "offset": [1049, 1063]}, {"key": "no-injunction", "type": "clause", "offset": [1076, 1089]}, {"key": "executive-order", "type": "definition", "offset": [1121, 1136]}, {"key": "governmental-authority", "type": "definition", "offset": [1283, 1305]}, {"key": "competent-jurisdiction", "type": "clause", "offset": [1309, 1331]}, {"key": "consummation-of", "type": "clause", "offset": [1352, 1367]}, {"key": "agreement-or", "type": "definition", "offset": [1413, 1425]}, {"key": "conditions-precedent-to-the-obligation-of-the-purchasers-to-purchase", "type": "clause", "offset": [1457, 1525]}, {"key": "to-acquire", "type": "definition", "offset": [1601, 1611]}, {"key": "pay-for", "type": "definition", "offset": [1616, 1623]}, {"key": "notice-to-the-company", "type": "clause", "offset": [1726, 1747]}, {"key": "other-purchaser", "type": "clause", "offset": [1757, 1772]}, {"key": "the-representations-and-warranties-of-the-company", "type": "clause", "offset": [1919, 1968]}, {"key": "in-all-respects", "type": "clause", "offset": [2064, 2079]}, {"key": "performance-by-the-company", "type": "clause", "offset": [2221, 2247]}, {"key": "the-company-shall", "type": "clause", "offset": [2249, 2266]}], "size": 24, "hash": "863bf4882e532eab155f959d6b07a700", "id": 4}, {"snippet": "The First Closing of the purchase and sale of the First Note in an aggregate principal amount of Two Hundred Seventy-Five Thousand and No/100 United States Dollars (US$275,000.00) for an aggregate purchase price of Two Hundred Fifty Thousand and No/100 United States Dollars (US$250,000.00), shall take place on the Execution Date, subject to satisfaction of the conditions to the First Closing set forth in this Agreement (the \u201cFirst Closing Date\u201d). Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, in respect of the First Closing Date, Buyer shall purchase a First Note in the principal amount set forth opposite such Buyer\u2019s name in column (3) on the Schedule of Buyer attached hereto for a purchase price set forth opposite such Buyer\u2019s name in column (4) on the Schedule of Buyer hereto. Additional Closings of the purchase and sale of the Note shall be at such times and for such amounts as determined in accordance with Section 1(d) below, subject to satisfaction of the conditions to the Additional Closings set forth in this Agreement (the \u201cAdditional Closing Dates\u201d, collectively, with the First Closing Date, referred to as the \u201cClosing Dates\u201d and each a \u201cClosing Date\u201d). The Closings shall occur on the respective Closing Dates through the use of overnight mails and subject to customary escrow instructions from Buyer and their respective counsel, or in such other manner as is mutually agreed to by the Company and the Buyer.", "samples": [{"hash": "l8sAih1pOJN", "uri": "/contracts/l8sAih1pOJN#first-closing", "label": "Securities Purchase Agreement (Resonate Blends, Inc.)", "score": 33.09034729, "published": true}, {"hash": "cAXCzBUigWt", "uri": "/contracts/cAXCzBUigWt#first-closing", "label": "Securities Purchase Agreement (Resonate Blends, Inc.)", "score": 33.09034729, "published": true}], "snippet_links": [{"key": "first-note", "type": "definition", "offset": [50, 60]}, {"key": "aggregate-principal-amount", "type": "definition", "offset": [67, 93]}, {"key": "five-thousand", "type": "clause", "offset": [117, 130]}, {"key": "united-states-dollars", "type": "definition", "offset": [142, 163]}, {"key": "aggregate-purchase-price", "type": "definition", "offset": [187, 211]}, {"key": "execution-date", "type": "definition", "offset": [316, 330]}, {"key": "conditions-to-the-first-closing", "type": "clause", "offset": [363, 394]}, {"key": "in-this-agreement", "type": "clause", "offset": [405, 422]}, {"key": "subject-to-the", "type": "definition", "offset": [451, 465]}, {"key": "terms-and-conditions-of-this-agreement", "type": "clause", "offset": [498, 536]}, {"key": "in-respect-of", "type": "definition", "offset": [538, 551]}, {"key": "the-first-closing-date", "type": "clause", "offset": [552, 574]}, {"key": "buyer-shall", "type": "clause", "offset": [576, 587]}, {"key": "the-principal-amount", "type": "definition", "offset": [613, 633]}, {"key": "such-buyer", "type": "definition", "offset": [653, 663]}, {"key": "of-buyer", "type": "clause", "offset": [701, 709]}, {"key": "a-purchase", "type": "definition", "offset": [730, 740]}, {"key": "additional-closings", "type": "definition", "offset": [831, 850]}, {"key": "purchase-and-sale-of-the-note", "type": "clause", "offset": [858, 887]}, {"key": "in-accordance-with", "type": "definition", "offset": [946, 964]}, {"key": "additional-closing-dates", "type": "definition", "offset": [1088, 1112]}, {"key": "the-closings", "type": "clause", "offset": [1221, 1233]}, {"key": "escrow-instructions", "type": "definition", "offset": [1338, 1357]}, {"key": "other-manner", "type": "clause", "offset": [1410, 1422]}, {"key": "the-buyer", "type": "clause", "offset": [1467, 1476]}], "size": 16, "hash": "0dcaf880710f21d865e4e0e77b4f4124", "id": 5}, {"snippet": "(i) The closing of the transactions contemplated by clause (i) of Section 2.1 (the \u201cFirst Closing\u201d) shall take place remotely via the electronic exchange of closing deliveries (i) on the day that is two (2) Business Days after the date on which the last of the conditions set forth in Section 7.1, Section 7.2 and Section 7.3 (other than any such conditions that by their terms are not capable of being satisfied until the First Closing Date, but subject to the satisfaction or waiver of those conditions) is satisfied or, when permissible, waived by the Party for whose benefit such conditions exist; or (ii) on such other date or at such other time or place as the Parties may mutually agree upon in writing (such date, the \u201cFirst Closing Date\u201d). The First Closing shall be effective for all purposes at 12:01 a.m. central time on the First Closing Date.\n(ii) At the First Closing, the Company shall deliver, or cause to be delivered, to Buyer the following:\n(A) evidence of resignations or removals, effective as of the First Closing, of each of the directors, managers and officers of the First Closing Acquired Entities with respect to whom Buyer has delivered written notice requesting resignation or removal at least five (5) Business Day prior to the First Closing;\n(B) a duly executed FIRPTA Certificate and IRS Form W-9 by the Company, in each case, in a form reasonably acceptable to Buyer; provided that Buyer\u2019s sole right if the Company fails to provide such FIRPTA Certificate or IRS Form W-9 shall be to make an appropriate withholding under Sections 1445 or 1446(f) of the Code, as applicable; and\n(C) (1) the Assignment and Assumption Agreement, duly executed by the Company, (2) an equity interest transfer power, duly executed by the Company with respect to the Company\u2019s First Closing Interests, and (3) the Transition Services Agreement, duly executed by Crestwood.\n(iii) At the First Closing, each Seller shall deliver, or cause to be delivered, to Buyer, with respect to such Seller, the certificate referred to in Section 7.3(d).\n(iv) At the First Closing, Buyer shall deliver, or cause to be delivered, to the Company and the Sellers the following:\n(1) the Assignment and Assumption Agreement, duly executed by Buyer, and (2) the Transition Services Agreement, duly executed by Buyer;\n(B) the First Closing Preliminary Purchase Price, in accordance with Section 2.2; and\n(C) the certificate referred to in Section 7.2(c).", "samples": [{"hash": "buo055FtolZ", "uri": "/contracts/buo055FtolZ#first-closing", "label": "Purchase and Sale Agreement (Consolidated Edison Inc)", "score": 32.414100647, "published": true}, {"hash": "2DQUVxLxBEb", "uri": "/contracts/2DQUVxLxBEb#first-closing", "label": "Purchase and Sale Agreement (Crestwood Equity Partners LP)", "score": 32.414100647, "published": true}], "snippet_links": [{"key": "transactions-contemplated", "type": "clause", "offset": [23, 48]}, {"key": "section-21", "type": "clause", "offset": [66, 77]}, {"key": "electronic-exchange", "type": "clause", "offset": [134, 153]}, {"key": "closing-deliveries", "type": "definition", "offset": [157, 175]}, {"key": "the-day", "type": "definition", "offset": [183, 190]}, {"key": "days-after", "type": "definition", "offset": [216, 226]}, {"key": "the-conditions", "type": "clause", "offset": [257, 271]}, {"key": "section-71", "type": "definition", "offset": [285, 296]}, {"key": "section-72", "type": "clause", "offset": [298, 309]}, {"key": "section-73", "type": "clause", "offset": [314, 325]}, {"key": "capable-of", "type": "definition", "offset": [386, 396]}, {"key": "the-first-closing-date", "type": "clause", "offset": [419, 441]}, {"key": "subject-to-the", "type": "definition", "offset": [447, 461]}, {"key": "waiver-of", "type": "clause", "offset": [478, 487]}, {"key": "the-party", "type": "clause", "offset": [551, 560]}, {"key": "other-time", "type": "clause", "offset": [640, 650]}, {"key": "the-parties", "type": "definition", "offset": [663, 674]}, {"key": "mutually-agree", "type": "definition", "offset": [679, 693]}, {"key": "in-writing", "type": "definition", "offset": [699, 709]}, {"key": "all-purposes", "type": "clause", "offset": [790, 802]}, {"key": "central-time", "type": "clause", "offset": [817, 829]}, {"key": "at-the-first-closing", "type": "clause", "offset": [862, 882]}, {"key": "the-company-shall", "type": "clause", "offset": [884, 901]}, {"key": "to-buyer", "type": "definition", "offset": [937, 945]}, {"key": "evidence-of", "type": "definition", "offset": [965, 976]}, {"key": "effective-as-of-the", "type": "clause", "offset": [1003, 1022]}, {"key": "the-directors", "type": "clause", "offset": [1049, 1062]}, {"key": "officers-of-the", "type": "clause", "offset": [1077, 1092]}, {"key": "acquired-entities", "type": "clause", "offset": [1107, 1124]}, {"key": "written-notice", "type": "definition", "offset": [1166, 1180]}, {"key": "resignation-or-removal", "type": "clause", "offset": [1192, 1214]}, {"key": "prior-to-the", "type": "clause", "offset": [1246, 1258]}, {"key": "duly-executed", "type": "clause", "offset": [1280, 1293]}, {"key": "firpta-certificate", "type": "definition", "offset": [1294, 1312]}, {"key": "irs-form-w-9", "type": "clause", "offset": [1317, 1329]}, {"key": "by-the-company", "type": "clause", "offset": [1330, 1344]}, {"key": "each-case", "type": "definition", "offset": [1349, 1358]}, {"key": "provided-that", "type": "definition", "offset": [1402, 1415]}, {"key": "to-provide", "type": "definition", "offset": [1456, 1466]}, {"key": "an-appropriate", "type": "clause", "offset": [1524, 1538]}, {"key": "the-code", "type": "clause", "offset": [1585, 1593]}, {"key": "the-assignment-and-assumption-agreement", "type": "clause", "offset": [1622, 1661]}, {"key": "executed-by", "type": "definition", "offset": [1668, 1679]}, {"key": "equity-interest-transfer", "type": "definition", "offset": [1700, 1724]}, {"key": "with-respect-to-the-company", "type": "clause", "offset": [1761, 1788]}, {"key": "transition-services-agreement", "type": "clause", "offset": [1828, 1857]}, {"key": "by-crestwood", "type": "clause", "offset": [1873, 1885]}, {"key": "seller-shall", "type": "clause", "offset": [1920, 1932]}, {"key": "the-certificate", "type": "clause", "offset": [2007, 2022]}, {"key": "buyer-shall", "type": "clause", "offset": [2081, 2092]}, {"key": "the-sellers", "type": "clause", "offset": [2147, 2158]}, {"key": "by-buyer", "type": "clause", "offset": [2233, 2241]}, {"key": "preliminary-purchase-price", "type": "definition", "offset": [2332, 2358]}, {"key": "in-accordance-with", "type": "definition", "offset": [2360, 2378]}, {"key": "section-22", "type": "clause", "offset": [2379, 2390]}], "size": 14, "hash": "2dc6fc59f1b39b8a7a5fe45a852f0995", "id": 6}, {"snippet": "On the First Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchasers, severally and not jointly, agree to purchase, up to an aggregate of $387,500 of shares of Preferred Stock and Warrants. Each Purchaser shall deliver to the Company, via wire transfer, immediately available funds equal to such Purchaser\u2019s Subscription Amount for the First Closing as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its shares of Preferred Stock with an aggregate Stated Value for each Purchaser equal to such Purchaser\u2019s Subscription Amount as set forth on the signature page hereto executed by such Purchaser and a Warrant, as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing (the \u201cFirst Closing\u201d). Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the First Closing shall occur at the offices of EGS or such other location as the parties shall mutually agree.", "samples": [{"hash": "1nqujE5h6j9", "uri": "/contracts/1nqujE5h6j9#first-closing", "label": "Securities Purchase Agreement (Iconic Brands, Inc.)", "score": 30.2867889404, "published": true}, {"hash": "cJyQAfbHa9Q", "uri": "/contracts/cJyQAfbHa9Q#first-closing", "label": "Securities Purchase Agreement (Iconic Brands, Inc.)", "score": 29.7556476593, "published": true}], "snippet_links": [{"key": "the-first-closing-date", "type": "clause", "offset": [3, 25]}, {"key": "terms-and", "type": "clause", "offset": [36, 45]}, {"key": "the-conditions", "type": "clause", "offset": [57, 71]}, {"key": "the-parties-hereto", "type": "clause", "offset": [168, 186]}, {"key": "to-sell", "type": "clause", "offset": [207, 214]}, {"key": "and-the-purchasers", "type": "clause", "offset": [216, 234]}, {"key": "agree-to", "type": "clause", "offset": [263, 271]}, {"key": "preferred-stock-and-warrants", "type": "clause", "offset": [326, 354]}, {"key": "each-purchaser", "type": "definition", "offset": [356, 370]}, {"key": "to-the-company", "type": "definition", "offset": [385, 399]}, {"key": "wire-transfer", "type": "definition", "offset": [405, 418]}, {"key": "immediately-available-funds", "type": "definition", "offset": [420, 447]}, {"key": "equal-to", "type": "definition", "offset": [448, 456]}, {"key": "such-purchaser", "type": "definition", "offset": [457, 471]}, {"key": "subscription-amount", "type": "clause", "offset": [474, 493]}, {"key": "signature-page", "type": "clause", "offset": [536, 550]}, {"key": "executed-by", "type": "definition", "offset": [558, 569]}, {"key": "the-company-shall", "type": "clause", "offset": [590, 607]}, {"key": "aggregate-stated-value", "type": "definition", "offset": [672, 694]}, {"key": "a-warrant", "type": "definition", "offset": [833, 842]}, {"key": "section-22", "type": "clause", "offset": [870, 881]}, {"key": "other-items", "type": "definition", "offset": [939, 950]}, {"key": "at-the-closing", "type": "definition", "offset": [988, 1002]}, {"key": "satisfaction-of", "type": "clause", "offset": [1031, 1046]}, {"key": "covenants-and-conditions", "type": "clause", "offset": [1051, 1075]}, {"key": "the-parties-shall", "type": "clause", "offset": [1189, 1206]}, {"key": "mutually-agree", "type": "definition", "offset": [1207, 1221]}], "size": 12, "hash": "be09d0c622bae60f15ae542bbe9a6c75", "id": 7}, {"snippet": "Prior to the initial Advance of funds hereunder (the making of which is herein termed \"first closing\"), the Trust shall have performed all of its agreements required to be performed hereunder, and the Bank shall have received from Trust's counsel in connection with this transaction, addressed to the Bank, a favorable opinion in form, scope and substance satisfactory to Bank and its counsel, delivered prior to the first Advance on the Notes:\n(a) to the effect that the Trust is a duly organized and existing real estate investment trust in good standing under the laws of the State of Texas and has the power and authority to own its property and to carry on its business as set forth in paragraph 2.3 hereof;\n(b) to the effect that this Agreement has been duly authorized, executed and delivered by the Trust and constitutes a legal valid and binding obligation of the Trust, enforceable against the Trust in accordance with its terms;\n(c) to the effect that each Note delivered by the Trust to the Bank has been duly authorized, executed and delivered by the Trust and constitutes the legal, valid and binding obligation of the Trust, enforceable against the Trust in accordance with its terms;\n(d) to the effect that the Note is secured by valid, binding and enforceable pledge of the Collateral in favor of the Bank, subject to no rights, equities or encumbrances outstanding in favor of any party other than Bank which are or could become prior to or on parity with Bank's lien on the Collateral that has been pledged as security therefor pursuant to Section 5 hereof;\n(e) to the effect that no action of, or filing with, any governmental or public body or authority is required to authorize, or is otherwise required in connection with, the execution, delivery and performance by the Trust of this Agreement or any Note;\n(f) to the effect that it is not necessary in connection with the delivery of any Note under the circumstances contemplated by this Agreement to register such Note under the Securities Act of 1933, as amended and then in effect, or to qualify an indenture in respect thereof under the Trust Indenture Act of 1939, as amended and then in effect, and that if Bank should in the future deem it expedient to sell the Note (or any Note delivered in exchange therefor as in such Note or in this Agreement permitted), which the Bank does not now contemplate or foresee, such sale would not of itself require registration of such Note under said Securities Act of 1933 or qualification of an indenture in respect of such Note under said Trust Indenture Act, provided that at the time of such sale, such Bank neither controls, nor is controlled by, nor is under common control with, the Trust, either directly or indirectly, or, if any such control then exists, that such sale is not made through an underwriter as defined in said Securities Act of 1933;\n(g) as to such other matters incident to the transactions contemplated by this Agreement as the Bank may reasonably desire;\n(h) to the effect that neither the execution and delivery of this Agreement, the consummation of the transactions herein contemplated, the fulfillment of the terms hereof, nor compliance with the provisions hereof and of the Note will result in a breach of any of the terms, conditions or provisions of, or constitute a default under, the terms of the Amended and Restated Declaration of Trust dated July 16, 2004, or the Amended and Restated Bylaws of the Trust, or any agreement or instrument of which such counsel (having made inquiry with respect thereto) has knowledge, to which the Trust is a party;\n(i) to the effect that with respect to such persons as shall have been identified in writing to the Bank as being duly authorized agents or officers of the Trust, all actions required to be taken by the Trust to clothe such persons with such authority have been taken, and the actions of such persons as contemplated herein will be and constitute and legal, valid and binding acts of the Trust; and\n(j) to the effect that all conditions for lending have been met.", "samples": [{"hash": "cZQnuz1DUWJ", "uri": "/contracts/cZQnuz1DUWJ#first-closing", "label": "Loan Agreement (Church Loans & Investments Trust)", "score": 21.0383300781, "published": true}, {"hash": "952Idrd0FMD", "uri": "/contracts/952Idrd0FMD#first-closing", "label": "Loan Agreement (Church Loans & Investments Trust)", "score": 21.0, "published": true}], "snippet_links": [{"key": "advance-of-funds", "type": "clause", "offset": [21, 37]}, {"key": "agreements-required", "type": "clause", "offset": [146, 165]}, {"key": "the-bank-shall", "type": "clause", "offset": [197, 211]}, {"key": "in-connection-with", "type": "clause", "offset": [247, 265]}, {"key": "this-transaction", "type": "clause", "offset": [266, 282]}, {"key": "to-the-bank", "type": "clause", "offset": [294, 305]}, {"key": "favorable-opinion", "type": "definition", "offset": [309, 326]}, {"key": "scope-and", "type": "clause", "offset": [336, 345]}, {"key": "to-bank", "type": "definition", "offset": [369, 376]}, {"key": "first-advance", "type": "definition", "offset": [417, 430]}, {"key": "the-notes", "type": "clause", "offset": [434, 443]}, {"key": "the-trust-is-a", "type": "definition", "offset": [468, 482]}, {"key": "real-estate-investment-trust", "type": "definition", "offset": [511, 539]}, {"key": "in-good-standing", "type": "definition", "offset": [540, 556]}, {"key": "the-laws", "type": "definition", "offset": [563, 571]}, {"key": "the-state-of-texas", "type": "clause", "offset": [575, 593]}, {"key": "authority-to", "type": "definition", "offset": [616, 628]}, {"key": "carry-on", "type": "definition", "offset": [653, 661]}, {"key": "executed-and-delivered", "type": "clause", "offset": [777, 799]}, {"key": "by-the-trust", "type": "clause", "offset": [800, 812]}, {"key": "obligation-of-the-trust", "type": "clause", "offset": [855, 878]}, {"key": "in-accordance-with", "type": "definition", "offset": [910, 928]}, {"key": "binding-and-enforceable", "type": "clause", "offset": [1253, 1276]}, {"key": "pledge-of-the-collateral", "type": "clause", "offset": [1277, 1301]}, {"key": "in-favor-of", "type": "clause", "offset": [1302, 1313]}, {"key": "subject-to", "type": "clause", "offset": [1324, 1334]}, {"key": "no-rights", "type": "clause", "offset": [1335, 1344]}, {"key": "pursuant-to-section-5", "type": "clause", "offset": [1547, 1568]}, {"key": "no-action", "type": "clause", "offset": [1600, 1609]}, {"key": "public-body", "type": "definition", "offset": [1650, 1661]}, {"key": "performance-by", "type": "definition", "offset": [1774, 1788]}, {"key": "agreement-or", "type": "definition", "offset": [1807, 1819]}, {"key": "the-delivery", "type": "clause", "offset": [1892, 1904]}, {"key": "agreement-to-register", "type": "clause", "offset": [1962, 1983]}, {"key": "securities-act-of-1933", "type": "definition", "offset": [2004, 2026]}, {"key": "as-amended", "type": "definition", "offset": [2028, 2038]}, {"key": "in-effect", "type": "definition", "offset": [2048, 2057]}, {"key": "to-qualify", "type": "clause", "offset": [2062, 2072]}, {"key": "trust-indenture-act-of-1939", "type": "clause", "offset": [2115, 2142]}, {"key": "the-future", "type": "clause", "offset": [2202, 2212]}, {"key": "to-sell", "type": "clause", "offset": [2231, 2238]}, {"key": "in-exchange", "type": "clause", "offset": [2271, 2282]}, {"key": "in-this-agreement", "type": "clause", "offset": [2311, 2328]}, {"key": "in-respect-of", "type": "definition", "offset": [2524, 2537]}, {"key": "provided-that", "type": "definition", "offset": [2580, 2593]}, {"key": "at-the-time", "type": "clause", "offset": [2594, 2605]}, {"key": "under-common-control", "type": "definition", "offset": [2677, 2697]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [2722, 2744]}, {"key": "other-matters", "type": "clause", "offset": [2891, 2904]}, {"key": "incident-to", "type": "definition", "offset": [2905, 2916]}, {"key": "the-transactions-contemplated-by-this-agreement", "type": "clause", "offset": [2917, 2964]}, {"key": "the-bank-may", "type": "clause", "offset": [2968, 2980]}, {"key": "execution-and-delivery-of-this-agreement", "type": "clause", "offset": [3035, 3075]}, {"key": "consummation-of-the-transactions", "type": "clause", "offset": [3081, 3113]}, {"key": "the-terms", "type": "clause", "offset": [3154, 3163]}, {"key": "the-provisions", "type": "clause", "offset": [3192, 3206]}, {"key": "breach-of-any", "type": "clause", "offset": [3247, 3260]}, {"key": "provisions-of", "type": "clause", "offset": [3289, 3302]}, {"key": "default-under", "type": "clause", "offset": [3320, 3333]}, {"key": "amended-and-restated-declaration-of-trust", "type": "clause", "offset": [3352, 3393]}, {"key": "amended-and-restated-bylaws", "type": "definition", "offset": [3422, 3449]}, {"key": "has-knowledge", "type": "definition", "offset": [3560, 3573]}, {"key": "a-party", "type": "clause", "offset": [3597, 3604]}, {"key": "with-respect-to", "type": "clause", "offset": [3629, 3644]}, {"key": "in-writing", "type": "definition", "offset": [3688, 3698]}, {"key": "duly-authorized-agents", "type": "definition", "offset": [3720, 3742]}, {"key": "officers-of-the-trust", "type": "clause", "offset": [3746, 3767]}, {"key": "actions-required", "type": "clause", "offset": [3773, 3789]}, {"key": "the-actions", "type": "clause", "offset": [3879, 3890]}, {"key": "contemplated-herein", "type": "clause", "offset": [3910, 3929]}, {"key": "conditions-for", "type": "clause", "offset": [4032, 4046]}], "size": 9, "hash": "e7a9ec85da7c82286b7a20ad48a8e23d", "id": 9}, {"snippet": "(i) The consummation of the purchase and sale of the Series B-1 12.75% Preferred Stock and Warrants in accordance with Section \u200e1.2(a) and the other transactions contemplated hereby at the first closing hereunder (the \u201cFirst Closing\u201d) shall take place at the offices of \u2587\u2587\u2587\u2587\u2587\u2587 & \u2587\u2587\u2587\u2587\u2587\u2587\u2587 LLP, \u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587, \u2587\u2587, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, \u2587.\u2587. \u2587\u2587\u2587\u2587\u2587, at 10:00 a.m. New York City time, as promptly as practicable (but no more than three (3) Business Days) following the first date on which all conditions set forth in Section \u200e4 hereof have been satisfied or waived (other than those conditions that by their nature are to be satisfied by actions taken at the First Closing), or at such other time and place as the Company and the Investors shall mutually agree.\n(ii) At the First Closing, the Company shall deliver to each Investor:\n(A) a certificate or certificates representing the shares of Series B-1 12.75% Preferred Stock and Warrants to be issued to such Investor at the First Closing, as set forth in Section \u200e1.2(a) of this Agreement,\n(B) each Transaction Document to be executed by the Company other than this Agreement, the Strategic Relationship Agreement and Transaction Documents to be executed at the Second Closing or the Third Closing, executed by the Company, and\n(C) such other documents and instruments to be delivered by the Company to the Investors at the First Closing pursuant to Section \u200e4.\n(iii) At the First Closing, each Investor shall deliver to the Company:\n(A) the purchase price for the shares of Series B-1 12.75% Preferred Stock and Warrants issued to such Investor at the First Closing, by wire transfer of immediately available funds or such other form of payment as may be approved by the Company;\n(B) each Transaction Document to be executed by such Investor other than this Agreement, the Strategic Relationship Agreement and Transaction Documents to be executed at the Second Closing or the Third Closing, executed by such Investor; and\n(C) such other documents and instruments to be delivered by such Investor to the Company at the First Closing pursuant to Section \u200e4.", "samples": [{"hash": "8GLiASOQ4Ya", "uri": "/contracts/8GLiASOQ4Ya#first-closing", "label": "Securities Purchase Agreement (Usec Inc)", "score": 18.3942508698, "published": true}], "snippet_links": [{"key": "series-b-1", "type": "definition", "offset": [53, 63]}, {"key": "preferred-stock-and-warrants", "type": "clause", "offset": [71, 99]}, {"key": "in-accordance-with", "type": "definition", "offset": [100, 118]}, {"key": "contemplated-hereby", "type": "clause", "offset": [162, 181]}, {"key": "at-the-first-closing", "type": "clause", "offset": [182, 202]}, {"key": "new-york-city-time", "type": "definition", "offset": [355, 373]}, {"key": "business-days", "type": "definition", "offset": [430, 443]}, {"key": "following-the", "type": "definition", "offset": [445, 458]}, {"key": "first-date", "type": "definition", "offset": [459, 469]}, {"key": "all-conditions", "type": "definition", "offset": [479, 493]}, {"key": "actions-taken", "type": "clause", "offset": [628, 641]}, {"key": "time-and-place", "type": "clause", "offset": [682, 696]}, {"key": "the-investors", "type": "definition", "offset": [716, 729]}, {"key": "mutually-agree", "type": "definition", "offset": [736, 750]}, {"key": "the-company-shall", "type": "clause", "offset": [779, 796]}, {"key": "deliver-to", "type": "definition", "offset": [797, 807]}, {"key": "shares-of-series", "type": "clause", "offset": [874, 890]}, {"key": "issued-to", "type": "definition", "offset": [937, 946]}, {"key": "such-investor", "type": "clause", "offset": [947, 960]}, {"key": "this-agreement", "type": "clause", "offset": [1018, 1032]}, {"key": "by-the-company", "type": "clause", "offset": [1079, 1093]}, {"key": "documents-to-be", "type": "clause", "offset": [1174, 1189]}, {"key": "at-the-second-closing", "type": "clause", "offset": [1199, 1220]}, {"key": "the-third-closing", "type": "clause", "offset": [1224, 1241]}, {"key": "other-documents-and-instruments", "type": "clause", "offset": [1281, 1312]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1382, 1401]}, {"key": "to-the-company", "type": "definition", "offset": [1462, 1476]}, {"key": "purchase-price-for-the-shares", "type": "clause", "offset": [1486, 1515]}, {"key": "transfer-of", "type": "clause", "offset": [1620, 1631]}, {"key": "immediately-available-funds", "type": "definition", "offset": [1632, 1659]}, {"key": "form-of-payment", "type": "definition", "offset": [1674, 1689]}, {"key": "approved-by", "type": "definition", "offset": [1700, 1711]}], "size": 9, "hash": "41304a1635fc828844b950f8113beb4d", "id": 10}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZmaXJzdC1jbG9zaW5nIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "First Closing", "children": [["representations-and-warranties", "Representations and Warranties"], ["performance", "Performance"], ["", ""], ["first-closing", "First Closing"], ["secretarys-certificate", "Secretary's Certificate"]], "size": 927, "parents": [["closings", "Closings"], ["purchase-and-sale", "Purchase and Sale"], ["closing", "Closing"], ["whereas", "WHEREAS"], ["purchase-and-sale-of-note", "Purchase and Sale of Note"]], "id": "first-closing", "related": [["initial-closing", "Initial Closing", "Initial Closing"], ["second-closing", "Second Closing", "Second Closing"], ["third-closing", "Third Closing", "Third Closing"], ["subsequent-closing", "Subsequent Closing", "Subsequent Closing"], ["closing-closing-date", "Closing; Closing Date", "Closing; Closing Date"]], "related_snippets": [], "updated": "2026-04-22T04:28:35+00:00", "also_ask": ["What are the essential conditions precedent that must be included for a robust First Closing clause?", "How can the First Closing date be strategically negotiated to benefit our client?", "What are the most common risks or pitfalls in First Closing provisions that could jeopardize the transaction?", "How do First Closing mechanisms differ across jurisdictions or deal types?", "What factors do courts consider when determining the enforceability of a First Closing clause?"], "drafting_tip": "Specify the conditions precedent to First Closing to ensure clarity of obligations; set a definitive date or mechanism for determining the First Closing to avoid uncertainty; identify deliverables required at First Closing to facilitate enforceability.", "explanation": "The 'First Closing' clause defines the initial date or event when a transaction, such as an investment or acquisition, is formally completed and the first transfer of funds or assets occurs. In practice, this clause specifies the conditions that must be met for the first closing to take place, such as regulatory approvals or delivery of certain documents, and may outline the portion of the total investment or assets to be transferred at this stage. Its core function is to establish a clear milestone for the commencement of the transaction, providing certainty and structure to the process by delineating when obligations begin and initial rights or assets are transferred."}, "json": true, "cursor": ""}}