Additional Closings definition
Additional Closings means any closings hereunder after the First Closing, pursuant to which Lender makes Additional Loans to Borrower under the terms of this Agreement.
Additional Closings shall have the meaning specified in Section 7.1(a).
Additional Closings means the closings of the purchase and sale of the Securities pursuant to Section 2.1(b), which shall occur as follows: ten (10) business days after the Company files an S-1 registration statement registering for resale the Common Stock contemplated herein, Purchaser shall purchase two-hundred thousand dollars ($200,000) of Preferred Stock (“Second Tranche”). Absent an Event of Default, and subject to the terms in this Purchase Agreement, Purchaser shall commit to purchase up to two (2) additional tranches of one hundred thousand dollars ($100,000) of Preferred Stock (“Additional Tranches”) every thirty (30) calendar days, following the Second Tranche.
Examples of Additional Closings in a sentence
For avoidance of doubt, the Additional Closings may occur concurrently.
More Definitions of Additional Closings
Additional Closings means the Additional Second Closings and the Additional Third Closings.
Additional Closings shall have the meaning set forth in Section 2.2(a).
Additional Closings means one or more additional closings of the purchase and sale of the Shares subsequent to the Initial Closing pursuant to Section 2.1
Additional Closings means the closings of the purchase and sale of the Securities pursuant to Section 2.1(b), which shall each occur on a Closing Date. The Additional Closings will be for the purchase of up to an additional six hundred and fifty (650) shares of Preferred Stock at the aggregate purchase price of $650,000.
Additional Closings means any additional closings other than the Initial Closings as more fullydescribed in Condition 8.2 of the present Terms and Conditions upon which existing and/or new investors shall be entitled to subscribe for Bonds.
Additional Closings means the Closings after the Initial Tranche Closings.
Additional Closings has the meaning specified in subsection 4.1(b).