Examples of Initial Closing Amount in a sentence
The Placement Agent will notify each Subscriber, after consultation with the Company, as to such Subscriber’s portion of the Initial Closing Amount (each an “Initial Subscriber Amount”) by providing such Subscriber with a notice substantially similar to that attached hereto as Exhibit A.
The Escrow Agent shall notify the Company in writing or by electronic mail at such time as the Escrow Agent shall have received the Initial Closing Amount in Escrow Proceeds.
As provided in Sections 1.02(b)(ii)(A) and 1.03(h)(ii) hereof, the fees or expenses of SEG incurred by the Company and the shareholders of the Company collectively in connection with the Initial Closing shall be paid out of the Initial Closing Amount and, in connection with the Subsequent Closing, if any, shall be paid out of the cash portion of the Remaining Shares Purchase Amount or the Additional Call Right Purchase Amount, as applicable.
The foregoing notwithstanding, nothing in this chapter shall prohibit audio or video recording of public meetings using a smart phone provided that the such recording is performed while the person recording is seated in a chair in the public gallery and provided that such recording does not emit any sound or any other distraction or disturbance to the meeting.
Interest, if any, that has accrued with respect to the Initial Closing Amount while in escrow shall also be distributed to the Company at the Initial Closing and Subscribers will have no right to such interest.
The sale of the Minimum Initial Closing Amount at the Initial Closing, while desirable for purposes of the business operations of the Company, is not designed as a protection to Purchasers or to indicate that their investment decision is shared by other unaffiliated investors.
This Minimum Initial Closing Amount of Units must be sold at the Initial Closing.
At the Initial Closing (as defined below), the Purchasers shall purchase, severally and not jointly, and the Company shall issue and sell, in the aggregate, a minimum of $3,500,000 (the "Initial Closing Amount") of Common Stock.
Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the closing of the Initial Closing Amount (the “Initial Closing”) shall occur at the offices of G&M or such other location as the parties shall mutually agree on the Initial Closing Date and the Company shall deliver to the Escrow Agent the Form of Escrow Release Notice (as defined in the Escrow Agreement) duly executed with respect to the release and disbursement of the Initial Closing Amount.
The “Aggregate Purchase Price” shall mean the product of the amount of Units sold to Subscribers and the Unit Price and shall equal the Initial Closing Amount (as defined below) plus the Final Closing Amount (as defined below).