Common use of Additional Closings Clause in Contracts

Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers purchase additional Notes hereunder in Additional Closings by written notice to each Buyer, and, subject to the conditions below, each Buyer shall purchase such additional Notes in such amounts and at such times as such Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each Buyer, which approval may be given or withheld in such Buyer’s sole and absolute discretion.

Appears in 5 contracts

Samples: Securities Purchase Agreement (KinerjaPay Corp.), Securities Purchase Agreement (Frelii, Inc.), Securities Purchase Agreement (NutriBand Inc.)

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Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers purchase additional Notes hereunder in Additional Closings by written notice to each Buyer, and, subject to the conditions below, each Buyer shall purchase such additional Notes in such amounts and at such times as such Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each the Buyer, which approval may be given or withheld in such Buyer’s sole and absolute discretion.

Appears in 4 contracts

Samples: Securities Purchase Agreement (Digerati Technologies, Inc.), Securities Purchase Agreement (Digerati Technologies, Inc.), Securities Purchase Agreement (Digerati Technologies, Inc.)

Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes Note issued in the First Closing, the Company may request that Buyers Buyer purchase additional Notes hereunder in Additional Closings by written notice to each Buyer, and, subject to the conditions set forth in Section 7 below, each Buyer shall may purchase such additional Notes in such amounts and at such times as such Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each Buyersuch Buyer participating in the Additional Closing, which approval may be given or withheld in such Buyer’s sole and absolute discretion.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Resonate Blends, Inc.), Securities Purchase Agreement (Resonate Blends, Inc.), Securities Purchase Agreement (Resonate Blends, Inc.)

Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers Buyer purchase additional Notes hereunder in Additional Closings by written notice to each the Buyer, and, subject to the conditions below, each the Buyer shall may purchase such additional Notes in such amounts and at such times as such the Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each the Buyer, which approval may be given or withheld in such the Buyer’s sole and absolute discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Kannalife Inc)

Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers purchase additional Notes hereunder in Additional Closings by written notice to each Buyer, and, subject to the conditions below, each Buyer shall purchase such additional Notes in such amounts and at such times as such Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each BuyerBuyer participating in the Additional Closing, which approval may be given or withheld in such Buyer’s sole and absolute discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Surge Holdings, Inc.)

Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers the Buyer purchase additional Notes hereunder in Additional Closings by written notice to each the Buyer, and, subject to the conditions below, each the Buyer shall purchase such additional Notes in such amounts and at such times as such the Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each the Buyer, which approval may be given or withheld in such the Buyer’s sole and absolute discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Mphase Technologies Inc)

Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers the Buyer purchase additional Notes hereunder in Additional Closings by written notice to each the Buyer, and, subject to the conditions below, each the Buyer shall may, at Buyer’s option purchase such additional Notes in such amounts and at such times as such the Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each the Buyer, which approval may be given or withheld in such the Buyer’s sole and absolute discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ozop Surgical Corp.)

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Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers purchase additional Notes hereunder in Additional Closings by written notice to each Buyer, and, subject to the conditions below, each Buyer shall purchase such additional Notes in such amounts and at such times as such Buyer and the Company may mutually agree, so long as no default or "Event of Default" (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each the Buyer, which approval may be given or withheld in such Buyer’s 's sole and absolute discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Stealth Technologies, Inc.)

Additional Closings. At any time after the First Closing but prior to the maturity date of any of the Notes Note issued in the First Closing, the Company may request that Buyers Buyer purchase additional Notes hereunder in Additional Closings by written notice to each Buyer, and, subject to the conditions below, each Buyer shall may purchase such additional Notes in such amounts and at such times as such Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each Buyersuch Buyer participating in the Additional Closing, which approval may be given or withheld in such Buyer’s sole and absolute discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Good Hemp, Inc.)

Additional Closings. At Provided that the Maximum Amount shall be sufficient in respect of such additional Notes, at any time after the First Closing but prior to the maturity date of any of the Notes issued in the First Closing, the Company may request that Buyers purchase additional Notes hereunder in Additional Closings by written notice to each Buyer, and, subject to the conditions below, each Buyer shall purchase such additional Notes in such amounts and at such times as such Buyer and the Company may mutually agree, so long as no default or “Event of Default” (as such term is defined in any of the Transaction Documents) shall have occurred or be continuing under this Agreement or any other Transaction Documents, and no event shall have occurred that, with the passage of time, the giving of notice, or both, would constitute a default or an Event of Default hereunder or thereunder; and any additional purchase of Notes beyond the purchase of Notes at the First Closing shall have been approved by each BuyerBuyer participating in the Additional Closing, which approval may be given or withheld in such BuyerBxxxx’s sole and absolute discretion.

Appears in 1 contract

Samples: Securities Purchase Agreement (Arch Therapeutics, Inc.)

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