Common use of Closing and Deliverables Clause in Contracts

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15, 2012, (but the Company has the option to extend this date to February 29, 2012) copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank wiring instructions as set forth in Exhibit C) in an amount equal to the amount of such Purchaser’s Commitment as set forth beside the name of such Purchaser on such Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds paid to us under this agreement will be deposited in our operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount of the Issuer’s Common Stock at the Exercise Price. The Note will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 or (ii) on or before February 15, 2012 but the Company has the option to extend this date to February 29, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (Save the World Air Inc)

AutoNDA by SimpleDocs

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15November 30, 2012, (but the Company has the option to extend this date to February 29, 2012) 2021 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $200,000 or (ii) on or before February 15November 30, 2012 but the Company has the option to extend this date to February 292021, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Note Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15November 30, 20122011, (but the Company has the option to extend this date to February 29December 15, 20122011) copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank wiring instructions as set forth in Exhibit C) in an amount equal to the amount of such Purchaser’s Commitment as set forth beside the name of such Purchaser on such Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds paid to us under this agreement will be deposited in our operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount of the Issuer’s Common Stock at the Exercise Price. The Note will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 or (ii) on or before February 15November 30, 2012 2011, but the Company has the option to extend this date to February 29December 15, 2012 whichever 2011whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (Save the World Air Inc)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15September 30, 2012, (but the Company has the option to extend this date to February 29, 2012) 2022 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $300,000 or (ii) on or before February 15September 30, 2012 but the Company has the option to extend this date to February 292022, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Note Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15October 31, 20122014, (but the Company has the option to extend this date to February 29November 30, 2012) 2014), copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $5,000,000 or (ii) on or before February 15October 31, 2012 2014, but the Company has the option to extend this date to February 29November 30, 2012 2014, whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15October 4, 2012, (but the Company has the option to extend this date to February 29, 2012) 2019 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $750,000 or (ii) on or before February 15October 4, 2012 but the Company has the option to extend this date to February 292019, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15December 31, 20122015, (but the Company has the option to extend this date to February 29January 31, 2012) 2016), copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $5,000,000 or (ii) on or before February 15December 31, 2012 2015, but the Company has the option to extend this date to February 29January 31, 2012 2016, whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15June 4, 2012, (but the Company has the option to extend this date to February 29, 2012) 2019 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $400,000 or (ii) on or before February 15June 4, 2012 but the Company has the option to extend this date to February 292019, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15September 30, 2012, (but the Company has the option to extend this date to February 29, 2012) 2015 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000500,000 (and provided that the Commitment of any Purchaser may not be less than $25,000), there shall be a closing or closings (held, subject to the terms and conditions hereof, at such times as may be agreed to by the parties hereto) (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit C) in an amount equal to the amount of such Purchaser’s Commitment (which will be equal to the number Shares purchased by such Purchaser multiplied by the purchase price of $0.10 per Share) as set forth beside the name of such Purchaser on such Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds paid to us under this agreement will be deposited in our operating account and used as working capital500,000. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in certificate for the face amount equal to 110% of Shares (which will be dated the Purchaser’s Commitment and Closing Date) (y) a Warrant to purchase the Exercisable Amount of the Issuer’s Common Stock at the Exercise Price. The Note will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) September 30, 2015, provided that, the aggregate amount of the Commitments equals 2,000,000 or (ii) on or before February 15, 2012 but the Company has the option to extend this date to February 29, 2012 whichever shall first occurwill not exceed $2,000,000.

Appears in 1 contract

Samples: Securities Purchase Agreement (Rightscorp, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15to, 2012, (but the Company has the option to extend this date to February 29, 2012) 2024 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $300,000 or (ii) on or before February 15before, 2012 but the Company has the option to extend this date to February 29, 2012 2024, whichever shall first occur.

Appears in 1 contract

Samples: Note Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15July 31, 20122015, (but the Company has the option to extend this date to February 29August 30, 2012) 2015), copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings for each individual Purchaser (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $5,000,000 or (ii) on or before February 15July 31, 2012 2015, but the Company has the option to extend this date to February 29August 30, 2012 2015, whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15April 30, 2012, (but the Company has the option to extend this date to February 29, 2012) 2021 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $350,000 or (ii) on or before February 15April 30, 2012 but the Company has the option to extend this date to February 292021, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Note Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15___ of February, 2012, (but the Company has the option to extend this date to February 29, 2012) 2016 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,0001,000,000 (and provided that the Commitment of any Purchaser may not be less than $25,000), there shall be a closing or closings (held, subject to the terms and conditions hereof, at such times as may be agreed to by the parties hereto) (each, a “Closing Date”) at which: (i) each Each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit C) in an amount equal to the amount of such Purchaser’s Commitment (which will be equal to the number Shares purchased by such Purchaser multiplied by the purchase price of $0.05 per Share) as set forth beside the name of such Purchaser on such Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds paid to us under this agreement will be deposited in our operating account and used as working capital25,000. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in certificate for the face amount equal to 110% of Shares (which will be dated the Purchaser’s Commitment and Closing Date) (y) a Warrant to purchase the Exercisable Amount of the Issuer’s Common Stock at the Exercise Price. The Note will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) __ of February, 2016 provided that, the aggregate amount of the Commitments equals 2,000,000 or (ii) on or before February 15, 2012 but the Company has the option to extend this date to February 29, 2012 whichever shall first occurwill not exceed $1,000,000.

Appears in 1 contract

Samples: Securities Purchase Agreement (Rightscorp, Inc.)

AutoNDA by SimpleDocs

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15March 31, 2012, (but the Company has the option to extend this date to February 29, 2012) 2018 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $500,000 or (ii) on or before February 15March 31, 2012 but the Company has the option to extend this date to February 292018, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15December 31, 20122011, (but the Company has the option to extend this date to February 29January 15, 2012) copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank wiring instructions as set forth in Exhibit C) in an amount equal to the amount of such Purchaser’s Commitment as set forth beside the name of such Purchaser on such Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds paid to us under this agreement will be deposited in our operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount of the Issuer’s Common Stock at the Exercise Price. The Note will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 3,000,000 or (ii) on or before February 15December 31, 2012 2011, but the Company has the option to extend this date to February 29January 15, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (Save the World Air Inc)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15January 2, 2012, (but the Company has the option to extend this date to February 29, 2012) copies 2017copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $1,500,000 or (ii) on or before February 15May 31, 2012 but the Company has the option to extend this date to February 292017, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15to, 2012June 30, (but the Company has the option to extend this date to February 29, 2012) 2024 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $100,000 or (ii) on or before February 15before, 2012 but the Company has the option to extend this date to February 29June 30, 2012 2024, whichever shall first occur.

Appears in 1 contract

Samples: Note Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February to, April 15, 2012, (but the Company has the option to extend this date to February 29, 2012) 2023 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $100,000 or (ii) on or before February before, April 15, 2012 but the Company has the option to extend this date to February 292023, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Note Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15March 27, 2012, (but the Company has the option to extend this date to February 29, 2012) 2020 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $750,000 or (ii) on or before February 15March 27, 2012 but the Company has the option to extend this date to February 292020, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Closing and Deliverables. (a) Subject to the provisions of Section 4(b) below, provided that the Issuer shall have received on or prior to February 15November 30, 2012, (but the Company has the option to extend this date to February 29, 2012) 2018 copies of this Agreement executed by each respective Purchaser and providing that the total Commitments equal or exceed $10,000Purchaser, there shall be a closing or closings (each, a “Closing Date”) at which: (i) each Purchaser shall deliver to the Issuer (“Save The World Air, Inc.”) immediately available funds, by check or by wire transfer (Bank bank wiring instructions as set forth in Exhibit Cto be provided by Issuer on request) in an amount equal to the amount of such the Purchaser’s Commitment as set forth beside the name of such the Purchaser on such the Purchaser’s signature page hereto; provided Commitments total no less than $10,000, funds . Funds paid to us Issuer under this agreement Agreement will be deposited in our Issuer’s operating account and used as working capital. (ii) The Issuer shall deliver to the Purchaser (x) a Note, in the face amount equal to 110% of the Purchaser’s Commitment and (y) a Warrant to purchase the Exercisable Amount exercisable amount of the Issuer’s Common Stock at the Exercise Price. The Note and Warrant will be dated as of the Closing Date, as such date may be extended by us. (b) The Issuer may continue to accept Commitments from Purchasers and issue and sell Securities to Purchasers at Closings on the terms and subject to the conditions set forth in this Agreement until (i) the aggregate amount of the Commitments equals 2,000,000 $1,500,000 or (ii) on or before February 15November 30, 2012 but the Company has the option to extend this date to February 292018, 2012 whichever shall first occur.

Appears in 1 contract

Samples: Securities Purchase Agreement (QS Energy, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!