Completion of Financing. All conditions required to consummate the Financing in the minimum amount of $500,000 shall have been satisfied or duly waived, the closing of the Financing shall be contingent only upon the occurrence of the Closing, and at the Closing, the Parent shall have a minimum of $500,000 in working capital (current assets less current liabilities).
Appears in 3 contracts
Samples: Asset Purchase Agreement (Fero Industries, Inc.), Share Exchange Agreement (Fero Industries, Inc.), Share Exchange Agreement (Fero Industries, Inc.)
Completion of Financing. All conditions required to consummate the Financing in the minimum amount Minimum Financing Amount of $500,000 2,500,000 (and otherwise on terms and conditions reasonably acceptable to the Company) shall have been satisfied or duly waived, and the closing of the Minimum Financing Amount shall be contingent only upon the occurrence of the Closing, and at the Closing, the Parent shall have a minimum of $500,000 in working capital (current assets less current liabilities).
Appears in 1 contract
