Common use of Closings; Closing Dates Clause in Contracts

Closings; Closing Dates. The initial completion of the sale and purchase of the Securities (the “Initial Closing”) shall be held at 9:00 a.m. (Central Time) as soon as practicable following the satisfaction of the conditions set forth in Section 4 (the “Initial Closing Date”), at the offices of Xxxxxx + Jaclin, LLP, 000 Xxxxx 0 Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxx Xxxxxx 00000, or at such other time and place as the Company and Purchasers may agree. Each Purchaser acknowledges and agrees that the Company may issue and sell Securities after the Initial Closing; provided, that the aggregate number of Securities issued and sold pursuant to this Agreement will not exceed the number of Securities set forth in the Recitals hereto. The issuance and sale of any Securities after the Initial Closing will be for the same price per unit as the Securities sold in the Initial Closing and on the terms provided for herein; provided, that all subsequent issuances and sales of Securities after the Initial Closing must be consummated within seven business days after the Initial Closing Date. At each closing after the Initial Closing (each closing pursuant to this Agreement being a “Closing” and the date of each such Closing being a “Closing Date”), each Purchaser purchasing Securities at such Closing will become a party to this Agreement upon execution of a counterpart signature page or notice of adoption of this Agreement by such Purchaser who will thereupon become bound by the conditions of and entitled to the benefits of this Agreement as a “Purchaser” and Exhibit A automatically shall be updated accordingly.

Appears in 2 contracts

Samples: Common Stock and Warrant Purchase Agreement (Magnegas Corp), Common Stock and Warrant Purchase Agreement (Magnegas Corp)

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Closings; Closing Dates. The initial completion of the sale and purchase of the Securities Shares (the “Initial Closing”) shall be held at 9:00 a.m. (Central Time) as soon as practicable following the satisfaction of the conditions set forth in Section 4 (the “Initial Closing Date”), at the offices of Xxxxxx + Jaclin, Lxxxx Lord Bissell & Liddell LLP, 000 300 X. Xxxxx 0 XxxxxXxxxxx, Xxxxx 000, Xxxxxxxxx0000, Xxx Xxxxxx Xxxxxxx, Xxxxxxxxxx 00000, or at such other time and place as the Company and Purchasers may agree. Each Purchaser acknowledges and agrees that the Company may issue and sell Securities Shares after the Initial Closing; provided, that the aggregate number of Securities Shares issued and sold pursuant to this Agreement will not exceed the number of Securities Shares set forth in the Recitals hereto. The issuance and sale of any Securities Shares after the Initial Closing will be for the same price per unit Share as the Securities Shares sold in the Initial Closing and on the terms provided for herein; provided, that all subsequent issuances and sales of Securities Shares after the Initial Closing must be consummated within seven five business days after the Initial Closing Date. At each closing after the Initial Closing (each closing pursuant to this Agreement being a “Closing” and the date of each such Closing being a “Closing Date”), each Purchaser purchasing Securities Shares at such Closing will become a party to this Agreement upon execution of a counterpart signature page or notice of adoption of this Agreement by such Purchaser who will thereupon become bound by the conditions of and entitled to the benefits of this Agreement as a “Purchaser” and Exhibit A automatically shall be updated accordingly.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Location Based Technologies, Inc.)

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Closings; Closing Dates. The initial completion of the sale and purchase of the Securities Shares and Warrants (the “Initial Closing”) shall be held at 9:00 a.m. (Central Time) as soon as practicable following the satisfaction of the conditions set forth in Section 4 Article V (the “Initial Closing Date”), at the offices of Xxxxxx + Jaclin, LLP, 000 Xxxxx 0 Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxx Xxxxxx 00000, or at such other time and place as the Company and Purchasers Investors may agree. Each Purchaser Investor acknowledges and agrees that the Company may issue and sell Securities securities after the Initial Closing; provided, that the aggregate number of Securities Shares and Warrants issued and sold pursuant to this Agreement will not exceed the number of Securities Shares set forth in the Recitals hereto. The issuance and sale of any Securities securities after the Initial Closing will be for the same price per unit as the Securities securities sold in the Initial Closing and on the terms provided for herein; provided, that all subsequent issuances and sales of Securities after the Initial Closing must be consummated within seven business days after the Initial Closing Date. At each closing after the Initial Closing (each closing pursuant to this Agreement being a “Closing” and the date of each such Closing being a “Closing Date”), each Purchaser Investor purchasing Securities the Shares and Warrants at such Closing will become a party to this Agreement upon execution of a counterpart signature page or notice of adoption of this Agreement by such Purchaser Investor who will thereupon become bound by the conditions of and entitled to the benefits of this Agreement as a “Purchaser” and Exhibit A automatically shall be updated accordinglyInvestor”.

Appears in 1 contract

Samples: Subscription Agreement (Moving Box Inc)

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