Initial Closing definition

Initial Closing shall have the meaning ascribed to such term in Section 2.1.

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Initial Closing shall have the meaning set forth in Section 2.1.

Initial Closing means the closing of the purchase and sale of the Common Stock pursuant to Section 2.1.

Examples of Initial Closing in a sentence

Each of the Private Unit Subscribers shall have caused the purchase price for the number of Private Units to be purchased by it on the Initial Closing Date to be wired to the Trust Account and/or the Company’s operating account, as directed by the Company.
Upon satisfaction of the covenants and conditions set forth in Sections 2.3 and 2.5, the Initial Closing shall take place remotely by electronic transfer of the Initial Closing documentation.
The Company has agreed to reimburse the legal fees and expenses of the lead investor’s legal counsel up to $35,000 to be paid at the Initial Closing.
On the Initial Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and the Purchasers, severally and not jointly, agree to purchase, up to an aggregate of approximately $16 million Initial Preferred Shares with an aggregate Stated Value for each Purchaser equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser, and Initial Warrants as determined pursuant to Section 2.3(a).
The Company covenants that, if the Purchaser delivers a Notice of Conversion (as defined in the Certificate of Designations) to convert any Initial Preferred Shares between the date hereof and the Initial Closing Date, the Company shall deliver Conversion Shares to the Purchaser on the Initial Closing Date in connection with such Notice of Conversion.

Initial Closing shall have the meaning set forth in Section 3.1.

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

Initial Closing means the date of the initial sale of shares of the Company’s Series C Preferred Stock pursuant to the Purchase Agreement.

Initial Closing means the first closing of the Offering that will occur after the Minimum Offering is achieved.

Initial Closing has the meaning assigned that term in the Purchase Agreement.

Initial Closing shall have the meaning assigned thereto in the Master PSA.

Initial Closing means the first Closing.