Common use of On Closing Clause in Contracts

On Closing. 5.1.1 the Company shall issue, allot and deliver to the Subscriber the Subscription Shares credited as fully paid and carrying the right to participate in full in all dividends and other distributions declared, paid or made on the Ordinary Shares on or after Closing and ranking pari passu in all other respects and form one class with the Ordinary Shares in issue on Closing, and will enter the Subscriber’s name in the register of members of the Company as the legal and beneficial owner of the Subscription Shares, and will issue and deliver to the Subscriber a share certificate in respect of such Subscription Shares; 5.1.2 the Company shall have made available to the Subscriber those documents set out in Clause 5.2, to the extent not already delivered; 5.1.3 the Subscriber shall have made available to the Company those documents set out in Clause 5.3, to the extent not already delivered; and 5.1.4 the Subscriber shall subscribe for the Subscription Shares and pay the Subscription Proceeds to the Company, each, a “Closing Obligation” and together, the “Closing Obligations”.