Common use of Additional Closing Clause in Contracts

Additional Closing. After the Closing Date and on or prior ------------------ to March 15, 1996 the Company may hold one or more additional closings (each an "Additional Closing"; and collectively the "Additional Closings") at which the Company may issue and sell up to the number of Preferred Shares equal to the difference between 19,964,286 and the aggregate number of Preferred Shares previously sold on the Closing Date and, as applicable, on the date of any prior Additional Closing. The sale of Preferred Shares pursuant to this Section 1.03 shall be on the same terms and conditions (including price) as the sale of the Preferred Shares pursuant to Section 1.02 hereof and shall be effected by the execution by any investor of a counterpart signature page to this Agreement. Upon such execution: (i) each such investor shall be deemed to be a Purchaser for all purposes of this Agreement and Schedule I shall be amended to include such Purchaser; and (ii) each such ---------- Additional Closing shall be deemed to be a Closing hereunder and the date of each such Additional Closing shall be a "Closing Date" hereunder. If necessary, the Company will provide an updated Disclosure Schedule to Purchasers purchasing in any Additional Closing.

Additional Closing. After the Closing Date and on or ------------------ prior ------------------ to March 15May 7, 1996 1995 the Company may hold one or more additional closings (each an "Additional Closing"; and collectively the "Additional Closings") at which the Company may issue and sell up to the number of Preferred Shares equal to the difference between 19,964,286 8,200,000 and the aggregate number of Preferred Shares previously sold on the Closing Date and, as applicable, on the date of any prior Additional Closing. The sale of Preferred Shares pursuant to this Section 1.03 shall be on the same terms and conditions (including price) as the sale of the Preferred Shares pursuant to Section 1.02 hereof and shall be effected by the execution by any investor of a counterpart signature page to this Agreement. Upon such execution: (i) each such investor shall be deemed to be a Purchaser for all purposes of this Agreement and Schedule I shall be amended to include such Such Purchaser; and ---------- (ii) each such ---------- Additional Closing shall be deemed to be a Closing hereunder and the date of each such Additional Closing shall be a "Closing Date" hereunder. If necessary, the Company will provide an updated Disclosure Schedule to Purchasers purchasing in any Additional Closing.

Additional Closing. After the Closing Date and on or prior ------------------ to March 15July 10, 1996 2000 the Company may hold one or more additional closings (each an "Additional Closing"; ," and collectively the "Additional Closings") at which the Company may issue and sell up to the number of Preferred Shares equal to the difference between 19,964,286 23,921,569 and the aggregate number of Preferred Shares previously sold on the Closing Date and, as applicable, on the date of any prior Additional Closing. The sale of Preferred Shares pursuant to this Section 1.03 shall be on the same terms and conditions (including price) as the sale of the Preferred Shares pursuant to Section 1.02 hereof and shall be effected by the execution by any investor of a counterpart signature page to this Agreement. Upon such execution: (i) each such investor shall be deemed to be a Purchaser for all purposes of this Agreement and Schedule I shall be amended to include such Purchaser; and (ii) each such ---------- Additional Closing shall be deemed to be a Closing hereunder and the date of each such Additional Closing shall be a "Closing Date" hereunder. If necessary, the Company will shall provide an updated Disclosure Schedule to Purchasers purchasing in any Additional Closing.

Additional Closing. After the Closing Date and on or prior to ------------------ to March January 15, 1996 1999 the Company may hold one or more additional closings (each an "Additional Closing"; and collectively the "Additional Closings") at which the Company may issue and sell up to the number of Preferred Shares equal to the difference between 19,964,286 13,333,333 and the aggregate number of Preferred Shares previously sold on the Closing Date and, as applicable, on the date of any prior Additional Closing. The sale of Preferred Shares pursuant to this Section 1.03 shall be on the same terms and conditions (including price) as the sale of the Preferred Shares pursuant to Section 1.02 hereof and shall be effected by the execution by any investor of a counterpart signature page to this Agreement. Upon such execution: (i) each such investor shall be deemed to be a Purchaser for all purposes of this Agreement and Schedule I shall be amended to include such Purchaser; and (ii) each such ---------- Additional Closing shall be deemed to be a Closing hereunder and the date of each such Additional Closing shall be a "Closing Date" hereunder. If necessary, the Company will provide an updated Disclosure Schedule to Purchasers purchasing in any Additional Closing.

Additional Closing. After the Closing Date and on or prior ------------------ to March 15January 31, 1996 2000 the Company may hold one or more additional closings (each an "Additional Closing"; ," and collectively the "Additional Closings") at which the Company may issue and sell up to the number of Preferred Shares equal to the difference between 19,964,286 12,056,000 and the aggregate number of Preferred Shares previously sold on the Closing Date and, as applicable, on the date of any prior Additional Closing. The sale of Preferred Shares pursuant to this Section 1.03 shall be on the same terms and conditions (including price) as the sale of the Preferred Shares pursuant to Section 1.02 hereof and shall be effected by the execution by any investor of a counterpart signature page to this Agreement. Upon such execution: (i) each such investor shall be deemed to be a Purchaser for all purposes of this Agreement and Schedule I shall be amended to include ---------- such Purchaser; and (ii) each such ---------- Additional Closing shall be deemed to be a Closing hereunder and the date of each such Additional Closing shall be a "Closing Date" hereunder. If necessary, the Company will shall provide an updated Disclosure Schedule to Purchasers purchasing in any Additional Closing.