Common use of First Tranche Closing Clause in Contracts

First Tranche Closing. On the First Tranche 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 $4,400,000 of Principal Amount of Notes and Warrants. Each Purchaser shall deliver to the Company, via wire transfer or a certified check, immediately available funds equal to such Purchaser’s Subscription Amount as to the First Tranche Closing as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Notes 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 Tranche 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.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Grom Social Enterprises, Inc.), Securities Purchase Agreement (Grom Social Enterprises, Inc.)

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First Tranche Closing. On the First Tranche 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 $4,400,000 10,000,000 of Principal Amount of Notes and Warrants. Each Purchaser shall deliver to the Company, via wire transfer or a certified checktransfer, immediately available funds equal to such Purchaser’s Subscription Amount as to the First Tranche Closing as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Notes Note 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 Tranche Closing. Upon Within two days of the satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.32.3 and subject to the Equity Conditions, the First Closing shall occur at the offices of EGS Nason, Yeager, Gxxxxx, Xxxxxx & Fxxxxx, P.A. or such other location as the parties shall mutually agree.

Appears in 1 contract

Samples: Form of Securities Purchase Agreement (Atlis Motor Vehicles Inc)

First Tranche Closing. On the First Tranche 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 $4,400,000 1,080,000 of Principal Amount of Notes and Warrants. Each Purchaser shall deliver to the Company, via wire transfer or a certified checktransfer, immediately available funds equal to such Purchaser’s Subscription Amount as to the First Tranche Closing as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Notes Note 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 Tranche Closing. Upon Within two Trading Days of the satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.32.3 and subject to the Equity Conditions, the First Tranche Closing shall occur at the offices of EGS MSK or such other location as the parties shall mutually agree.

Appears in 1 contract

Samples: Securities Purchase Agreement (Snail, Inc.)

First Tranche Closing. On the First Tranche 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 $4,400,000 10,000,000 of Principal Amount of Notes and Warrants. Each Purchaser shall deliver to the Company, via wire transfer or a certified checktransfer, immediately available funds equal to such Purchaser’s Subscription Amount as to the First Tranche Closing as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Notes Note 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 Tranche Closing. Upon Within two days of the satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the First Tranche Closing shall occur at the offices of EGS Nason, Yeager, Gxxxxx, Xxxxxx & Fxxxxx, P.A. or such other location as the parties shall mutually agree.

Appears in 1 contract

Samples: Securities Purchase Agreement (Atlis Motor Vehicles Inc)

First Tranche Closing. On the First Tranche Closing Date, provided that the Equity Conditions shall be satisfied as of such date, and 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 Investor agrees to purchase, an aggregate of purchase $4,400,000 2,000,000 of Principal Amount of Notes the First Tranche Note and Warrantsthe number of Warrants listed on the Investor Signature Page. Each Purchaser The Investor shall deliver to the Company, via wire transfer or a certified checktransfer, immediately available funds equal to such Purchaser’s the Subscription Amount as to the First Tranche Closing as set forth on the signature page hereto executed by such Purchaserthe Investor, and the Company shall deliver to each Purchaser its respective Notes the Investor the First Tranche Note and a WarrantWarrants, as determined pursuant to Section 2.2(a), and the Company and each Purchaser the Investor shall deliver the other items set forth in Section 2.2 deliverable at the First Tranche Closing. Upon Within two days of the satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.32.3 and subject to the Equity Conditions, the First Tranche Closing shall occur at the offices of EGS or Xxxxx Xxxxxx, at such other location as the parties shall mutually agree, or shall take place remotely by electronic transfer of applicable Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Healthcare Triangle, Inc.)

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First Tranche Closing. On the First Tranche Closing Date, provided that the Equity Conditions shall be satisfied as of such date, and 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 Investor agrees to purchase, an aggregate of $4,400,000 2,000,000 of Principal Amount of Notes the First Tranche Note and Warrants. Each Purchaser The Investor shall deliver to the Company, via wire transfer or a certified checktransfer, immediately available funds equal to such Purchaser’s the Subscription Amount as to the First Tranche Closing as set forth on the signature page hereto executed by such Purchaserthe Investor, and the Company shall deliver to each Purchaser its respective Notes the Investor the First Tranche Note and a WarrantWarrants, as determined pursuant to Section 2.2(a), and the Company and each Purchaser the Investor shall deliver the other items set forth in Section 2.2 deliverable at the First Tranche Closing. Upon Within two days of the satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.32.3 and subject to the Equity Conditions, the First Tranche Closing shall occur at the offices of EGS or Nxxxx Xxxxxx, at such other location as the parties shall mutually agree, or shall take place remotely by electronic transfer of applicable Transaction Documents.

Appears in 1 contract

Samples: Securities Purchase Agreement (Trio Petroleum Corp.)

First Tranche Closing. On the First Tranche 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 $4,400,000 10,000,000 of Principal Amount of Notes and Warrants. Each Purchaser shall deliver to the Company, via wire transfer or a certified checktransfer, immediately available funds equal to such Purchaser’s Subscription Amount as to the First Tranche Closing as set forth on the signature page hereto executed by such Purchaser, and the Company shall deliver to each Purchaser its respective Notes Note 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 Tranche Closing. Upon Within two Trading Days of the satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.32.3 and subject to the Equity Conditions, the First Closing shall occur at the offices of EGS Nxxxx Xxxxxx or such other location as the parties shall mutually agree.

Appears in 1 contract

Samples: Securities Purchase Agreement (SEALSQ Corp)

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