Closing of Offering. If the Escrow Agent has received on or before the termination date, Subscription Payments in an aggregate amount of not less than $25,000, and written acceptance of each Subscriber by the Company, then the Escrow Agent shall disburse all Subscription Payments to the Company in immediately available funds in accordance with the Company’s instructions.
Closing of Offering. If the Escrow Agent has received on or before the Termination Date the Minimum Offering Amount and the Nasdaq Listing Notification and written acceptance of each such Purchaser by the Company (delivery by the Company of the Purchaser’s counterpart signature page to the Subscription Agreement hereunder shall constitute acceptance by the Company of such Subscription), then the Escrow Agent shall, pursuant to written instruction by the Company, disburse all Subscription Payments to the Company in immediately available funds in accordance with the written instructions delivered by the Company. Any funds to be delivered to the Company shall be paid according to the payment instructions as set forth in Exhibit B attached hereto unless the Company provides the Escrow Agent with alternate payment instructions in writing prior to making any disbursements. Following the disbursement of the Minimum Offering Amount pursuant to this Section 5(b), the Offering and the escrow hereunder shall continue until the earlier of the date that all of the offered shares are sold or the Company’s written election to terminate the Offering and this escrow, and any further Subscription Payments deposited into escrow shall be released by the Escrow Agent to the Company from time to time as the Company requests in writing.
Closing of Offering. The Company shall have contemporaneously or previously closed the sale of not less than 48 Units at a purchase price of $25,000 per Unit through the Placement Agents, with each Unit consisting of one share of Class A Common Stock of the Company and one Common Stock Purchase Warrant evidencing the right to purchase one share of Class A Common Stock at an exercise price of $1.00 per share if exercised prior to two years after the closing and thereafter exercisable at $1.50 per share.
Closing of Offering. There shall have been an Initial Closing of the Offering (as those terms are defined in the PPM), which Initial Closing is intended to occur simultaneously with Closing hereunder.
Closing of Offering. The Offering shall have closed and the underwriters shall have purchased the number of shares set forth on the cover of the Final Prospectus Supplement at the Offering Price (less any underwriting discounts or commissions) on or before February 12, 2016.
Closing of Offering. Unless at least 400,000 Shares are sold within 90 days of the date of the Final Prospectus (or 120 days if extended by the Company) (the "Minimum Offering"), the Offering will terminate, none of the Shares will be deemed to have been sold and all proceeds received will be returned in full and no commissions shall be paid to you pursuant to Section 7 of this Agreement. If the Minimum Offering is sold, the proceeds will be released from escrow and deposited to the Company's account. Within 10 days after the date that the Company receives the proceeds from the sale of the Minimum Offering, the Company shall instruct the Escrow Agent to remit to you the amount of the commission to be paid to you pursuant to Section 6 of this Agreement.
Closing of Offering. The Buyer shall have consummated the Offering.
Closing of Offering. The public, through the Underwriters and pursuant to the Underwriting Agreement, pays $ (the “IPO Proceeds”) in cash to Teekay Tankers in exchange for 10,000,000 shares of Class A Common Stock (excluding up to 1,500,000 shares of Class A Common Stock issuable upon the exercise, if any, by the Underwriters of their over-allotment option under the Underwriting Agreement).
Closing of Offering. Unless at least the minimum number of Units ("Minimum Offering") set forth in the Memorandum is sold within the offering period set forth in the Memorandum (as potentially extended by the Company), the Offering will terminate, none of the Units will be deemed to have been sold and all proceeds received will be returned in full with any interest earned thereon and no commissions shall be paid to Brookstreet pursuant to Section 7 of this Agreement. If the Minimum Offering is sold, the subscription proceeds will be released from escrow and deposited to the Company's account.
Closing of Offering. If the Bank has received on or before March 16, 2004, Subscription Payments and/or Funds in an aggregate amount of not less than $500,000, and written acceptance of each Subscriber by the Customer, and the Commissioner orders the release of the Subscription Payments, then the Bank shall disburse all Subscription Payments, plus all interest accrued on such funds, to the Customer, in immediately available funds. This Escrow shall be deemed in a condition to close when a CLOSING EVENT has occurred and the Bank is otherwise able to disburse all property held in this Escrow in accordance with the instructions in Paragraph 2.A or 2.B.
