Common use of Closings Clause in Contracts

Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur within one (1) Trading Day following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 8 contracts

Samples: Equity Purchase Agreement (Axim Biotechnologies, Inc.), Equity Purchase Agreement (Axim Biotechnologies, Inc.), Equity Purchase Agreement (Axim Biotechnologies, Inc.)

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Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then immediately after the Valuation Period the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put SharesPut. The Closing of a Put shall occur within one two (12) Trading Day Days following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 8 contracts

Samples: Equity Commitment Agreement (CarbonMeta Technologies, Inc.), Equity Purchase Agreement (SmartMetric, Inc.), Equity Commitment Agreement (Better for You Wellness, Inc.)

Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur within one three (13) Trading Day Days following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 2 contracts

Samples: Equity Purchase Agreement (Frelii, Inc.), Equity Purchase Agreement (Two Hands Corp)

Closings. If the value of the Put Shares delivered to the Investor under the Put Notice causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Put. The Purchase Price with respect to such the Put Shares shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Date under any Put Notice shall occur within one seven (17) Trading Day following the end of the respective Valuation PeriodPeriod and the delivery of the Put Shares by the Company, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 1 contract

Samples: Investment Agreement (Sugarmade, Inc.)

Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur within one four (14) Trading Day Days following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 1 contract

Samples: Equity Purchase Agreement (One Horizon Group, Inc.)

Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur within one two (12) Trading Day Days following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.the

Appears in 1 contract

Samples: Equity Purchase Agreement (Origin Agritech LTD)

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Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur within one two (12) Trading Day Days following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 1 contract

Samples: Equity Purchase Agreement (Recall Studios, Inc.)

Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur within one five (15) Trading Day Days following the end of the respective Valuation PeriodPut Date, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 1 contract

Samples: Equity Purchase Agreement (SPYR, Inc.)

Closings. If the value of the Put Shares delivered to the Investor causes the Company to exceed the Maximum Commitment Amount, then the Investor shall return to the Company the surplus amount of Put Shares associated with such Put and the Purchase Price with respect to such Put shall be reduced by any Clearing Costs related to the return of such Put Shares. The Closing of a Put shall occur within one (1) two Trading Day Days following the end of the respective Valuation Period, whereby the Investor shall deliver the Investment Amount by wire transfer of immediately available funds to an account designated by the Company.

Appears in 1 contract

Samples: Equity Purchase Agreement (Sector 5, Inc.)

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