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 Additional Second Closings and the Additional Third Closings.
Examples of Additional Closings in a sentence
Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Additional Closings shall occur at the offices of Pxxxx Cxxxxxx LLP, counsel to the Purchaser, or such other location as the parties shall mutually agree.
The Purchaser shall deliver to the Company, via wire transfer immediately available funds equal to the Purchaser’s Subscription Amount as set forth on the signature page hereto executed by the Purchaser, and the Company shall deliver to the Purchaser such number of shares of the Preferred Stock purchased and the Warrant, as determined pursuant to Section 2.2(a) and (b) and the Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Additional Closings.
More Definitions of Additional Closings
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.
Additional Closings means one or more additional closings of the purchase and sale of the Securities subsequent to the Initial Closing pursuant to Section 2.1 1
Additional Closings means each closing of the purchase and sale of the Securities pursuant to Section 2.1(b), which shall each occur on a Closing Date. The first Additional Closing will be for the purchase of five hundred (500) shares of Preferred Stock at the aggregate purchase price of $500,000, and the second Additional Closing will be for the purchase of two hundred and ninety three (293) shares of Preferred Stock at the aggregate purchase price of $293,000.
Additional Closings means the closings at which the additional Limited Partners are admitted to the Partnership pursuant to Section 3.3 hereof.
Additional Closings shall have the meaning assigned to that term in Section 2.2 hereof.
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 mean the consummation of the purchases and sales of Common Stock which are triggered by the achievement of certain milestones, as set forth in the License and Distribution Agreement.