Common use of CLOSING / DISBURSEMENT Clause in Contracts

CLOSING / DISBURSEMENT. i) The closing procedure and disbursement shall take place at any time and place as may be mutually agreed upon by the parties, upon the satisfaction or waiver of the condition precedents of disbursement. ii) The Investor shall subscribe to the Equity Shares and shall pay the Capital Contribution Amount to the Company, into the bank account of the Company, details of which will be provided by the Company to the Investor at the relevant point of time. iii) The Company shall and the Promoters shall ensure that the Company shall pass all the required resolutions and deliver to the Investor certified true copies of such resolutions of the Board of Directors in Agreed Form, in respect of the following : a) the issue and allotment of the Investor Equity Shares to the Investor as per the terms of this Agreement; b) appointment of person nominated by the Investor, as non-