Closing of Sale of Notes. The initial closing with respect to the transactions contemplated hereby (the “Initial Closing”), and subsequent closings thereafter (separately, a “Closing” and together, the “Closings”), shall take place at the offices of the Company, 100 Xxxxx Xxx., 00xx Xxxxx, Xxx Xxxx, XX 00000, at such times as may be determined by the Company. At each Closing, each Lender who shall purchase a Note hereunder shall deliver to the Company two executed Signature Pages in the form annexed to this Agreement, completed and executed by such Lender, together with payment by check drawn on immediately available funds or by wire transfer for the principal amount of the Notes to be purchased by each such Lender, as set forth on such Signature Page. Following the Initial Closing, the Company may, at one or more subsequent Closings, accept additional subscriptions for the Notes until such time as the maximum original principal amount of the Notes ($3,000,000) shall have been issued and sold; provided, however, that no Notes may be issued and sold hereunder after January 31, 2012 (unless this date is extended by the Company, which it reserves the right to do for an additional sixty (60) days, in which case Notes may be issued and sold until such later date). As each such subsequent Closing is completed, the additional Signature Pages shall be annexed to this Agreement, and Schedule 1 hereto shall be amended accordingly.
Closing of Sale of Notes. The purchase and delivery of the Senior ------------------------ Discount Notes to be purchased by the Purchasers shall take place at the offices of the Holders' Agent, at a closing (the "Closing") on November 6, 2000, or at ------- such other place or on such other date as the Purchasers and the Issuer may agree upon (such date on which the Closing shall have actually occurred, the "Closing Date"). At the Closing, the Issuer will deliver or cause to be delivered to each Purchaser the Senior Discount Notes to be purchased by it against payment of the Issue Price therefor. The Senior Discount Notes to be purchased hereunder shall be in the form of Exhibit B hereto dated the date of --------- the Closing, each in the amounts and registered in the names of the Persons set forth on Exhibit A hereto. If at the Closing the Issuer shall fail to tender to --------- any Purchaser any of the Senior Discount Notes to be purchased by it as provided in this Article II, or any of the conditions specified in Article III for the benefit of such Purchaser or the Issuer, as the case may be, shall not have been satisfied or waived in writing by such Purchaser or the Issuer, as applicable, such Purchaser or the Issuer, as the case may be, shall, at its election, be relieved of all further obligations under this Agreement, without thereby waiving any other rights it may have by reason of such failure or such non- fulfillment.
Closing of Sale of Notes. (a) The initial closing with respect to the transactions contemplated hereby (the "Initial Closing") shall take place at the offices of Xxxxx & Xxxxxxx, 000 Xxxxxxxxxx Xxxxxx, X.X., Xxxxxxxxxx, X.X. 00000 or such other place mutually agreed on November 16, 2001, or such other date as the parties hereto shall agree. At the Initial Closing, the Investor who shall purchase a Note hereunder shall deliver to the Company two executed Signature Pages in the form annexed to this Agreement, completed and executed by the Investor, together with payment by certified or bank check or by wire transfer for the Initial Note to be purchased by the Investor, as set forth on such Signature Page.
Closing of Sale of Notes
