Examples of Second Closing in a sentence
Second Closing may be stipulated for fulfilment by the Company, by any Anchor Investor with consent of all the Anchor Investors at any time prior to 15 (fifteen) days before the Second Closing Date.
At the Second Closing, the Company shall pay the reasonable and documented legal fees and expenses incurred by Altai in connection with the sale and issuance of the Shares, including without limitation reasonable and documented fees and expenses of Xxxxxxx Xxxx & Xxxxx LLP, counsel for the Altai, in an amount not to exceed, in the aggregate, $100,000, as adjusted pro rata to the amount of Second Closing Shares that are exercised and paid for in the Second Closing.
Upon the execution of the joinder agreement by an Additional Investor and the Company, Schedule A to this Agreement shall be amended to set forth the number of Initial Closing Shares, the Initial Subscription Amount, the Maximum Second Closing Shares and the Maximum Second Subscription Amount allocated to such Additional Investor.
At any time prior to the Initial Closing, the Company, in its sole discretion, may accept commitments from additional Investors (“Additional Investors”) to purchase additional Initial Closing Shares or at such Additional Investor’s option, additional Second Closing Shares, at a price per share equal to or greater than $9.50, and except as set forth on this Section 2.3, on the same terms as Investors party to this Agreement as of the date hereof.
If the Conditions Precedent to each tranche are not satisfied or not waived by each of Anchor Investor on or before the First Closing Long Stop Date, or the Second Closing Long Stop Date or the Third Closing Long Stop Date, as the case may be, then the Anchor Investors shall be under no obligation to invest the tranches to be invested on the First Closing Date, Second Closing Date or Third Closing Date (as the case may be).