Common use of Initial Closing Clause in Contracts

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 6 contracts

Sources: Securities Purchase Agreement (Apimeds Pharmaceuticals US, Inc.), Securities Purchase Agreement (GCL Global Holdings LTD), Securities Purchase Agreement (ECD Automotive Design, Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(j)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 4 contracts

Sources: Securities Purchase Agreement (Nikola Corp), Securities Purchase Agreement (Nikola Corp), Securities Purchase Agreement (Fisker Inc./De)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(j)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇Buyer’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 2 contracts

Sources: Securities Purchase Agreement (PAVmed Inc.), Securities Purchase Agreement (One Stop Systems, Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g)) to the Company for the Initial Notes Preferred Shares to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount number of Preferred Shares as is set forth opposite such ▇▇▇▇▇’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Safe & Green Holdings Corp.), Securities Purchase Agreement (Nauticus Robotics, Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price for the Initial Closing (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(j)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the applicable Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial a Note in the aggregate original principal amount as is set forth opposite such B▇▇▇▇’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Ocean Power Technologies, Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g‎4(j)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the applicable Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the such aggregate original principal amount as is set forth opposite such B▇▇▇▇’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Ocean Power Technologies, Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(j)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such B▇▇▇▇’s name in column (3) of the Schedule of Buyers, Buyers duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (ECARX Holdings Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g)) to the Company for the Initial Notes and related Rights to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer (i) an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇’s name in column (3) of the Schedule of BuyersBuyers and (ii) a Right, in each case, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Onfolio Holdings, Inc)

Initial Closing. On the Initial Closing Date, (iA) each Buyer shall pay its respective Initial Purchase Price for the Initial Closing (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(j)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the applicable Initial Flow of Funds Letter (as defined below) and (iiB) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇’s name in column (32) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Top KingWin LTD)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(j)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such Buyer’s ▇▇▇▇▇’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Nikola Corp)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company Borrowers shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such B▇▇▇▇’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company Borrowers and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Interactive Strength, Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(h)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇’s name in column (32) (Initial Tranche) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Fisker Inc./De)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) and (ii) the Company Borrowers shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇Buyer’s name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company Borrowers and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (Interactive Strength, Inc.)

Initial Closing. On the Initial Closing Date, (i) each Buyer shall pay its respective Initial Purchase Price (less, in the case of any Buyer, the amounts withheld pursuant to Section 4(g4(i)) to the Company for the Initial Notes to be issued and sold to such Buyer at the Initial Closing, by wire transfer of immediately available funds in accordance with the Initial Flow of Funds Letter (as defined below) (and/or delivery of SOL, as applicable) and (ii) the Company shall deliver to each Buyer an Initial Note in the aggregate original principal amount as is set forth opposite such ▇▇▇▇▇’s 's name in column (3) of the Schedule of Buyers, duly executed on behalf of the Company and registered in the name of such Buyer or its designee.

Appears in 1 contract

Sources: Securities Purchase Agreement (SOL Strategies Inc.)