Additional Closing definition

Additional Closing has the meaning set forth in Section 2.3.

Additional Closing shall have the meaning specified in Section 7.2(a) hereof.

Additional Closing means each closing of the purchase of Additional Purchased Paired Interests.

Examples of Additional Closing in a sentence

• This Agreement may be terminated by the Purchaser, as to the Purchaser’s obligations hereunder, if the Initial Closing has not been consummated within five (5) Business Days of the date hereof or no Additional Closing has been consummated within one year of the date hereof; provided, however, that such termination will not affect the right of any party to sue for any breach by any other party (or parties).

• If in contemplation of a particular Additional Closing each of the components of Equity Conditions are met other than criteria (iii) as to trading volume, then the Purchaser shall only be obligated to purchase at such Additional Closing a number of shares of Preferred Stock which is convertible into two hundred percent (200%) of the average daily trading volume of the shares of Common Stock for the ten (10) Trading Days immediately preceding the date of such Additional Closing.

• The Purchaser shall deliver to the Company, via wire transfer immediately available funds equal to the purchase price per share times the number of shares of Preferred Stock being purchased, and the Company shall deliver to the Purchaser such number of shares of the Preferred Stock purchased, as determined pursuant to Section 2.2(a) and the Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Additional Closing.

• Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, each Additional Closing shall occur at the offices of Xxxxx Xxxxxxx LLP, counsel to the Purchaser, or such other location as the parties shall mutually agree.

More Definitions of Additional Closing

Additional Closing shall have the meaning ascribed to such term in Section 2.4.

Additional Closing means the date on which any Additional Capital Contribution is transferred to the Company.

Additional Closing shall have the meaning set forth in Section 5.1.

Additional Closing has the meaning set forth in the Purchase Agreement.

Additional Closing have the meanings set forth in Section 3.1.

Additional Closing means the closing of the purchase and sale of the Securities pursuant to Section 2.1(b), which shall occur on a Closing Date. The Additional Closing will be for the purchase of five hundred (500) shares of Preferred Stock at the aggregate purchase price of $500,000.

Additional Closing shall have the meaning assigned to that term in Section 2.2(b).