Common use of The Initial Closing Clause in Contracts

The Initial Closing. The closing of the purchase and sale of Common Stock (the "Initial Closing") shall take place at the offices of ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇ in Chicago, Illinois, at 10:00 a.m. local time on the date hereof (the "Initial Closing Date"). At the Initial Closing, the Company shall deliver to the LLC stock certificates evidencing the Common Stock to be purchased at the Initial Closing, registered in the name of the LLC, upon the LLC's payment of the purchase price thereof by delivery to the Company of a check, or wire transfer of immediately available funds to an account designated by the Company, in an aggregate amount equal to the Initial Capital Contribution.

The Initial Closing. The closing of the purchase and sale of Common Preferred Stock (the "Initial Closing") shall take place at the offices of ▇▇▇▇Kirk▇▇▇▇ & ▇▇▇lli▇ ▇▇ in Chicago, Illinois, at 10:00 a.m. local time on the date hereof (the "Initial Closing Date"). At the Initial Closing, the Company shall deliver to the LLC stock certificates evidencing the Common Preferred Stock to be purchased at the Initial Closing, registered in the name of the LLC, upon the LLC's payment of the purchase price thereof by delivery to the Company of a check, or wire transfer of immediately available funds to an account designated by the Company, in an aggregate amount equal to the Initial Capital Contribution.