Delivery of the Securities; Conditions to Closing Sample Clauses

Delivery of the Securities; Conditions to Closing. (a) The closing of the purchase and sale of the Securities referred to in clause (i) of Section 1.2 (the "First Closing") shall occur at 10:00 a.m. New York City time, on March 17, 1997 (the "First Closing Date" or the "First Closing"), and the closing of the purchase and sale of the Securities referred to in clause (ii) of Section 1.2 (the "Second Closing Date" or the "Second Closing") shall occur at 10:00 a.m. New York City time, on March 31, 1997 (the "Second Closing Date," and together with the First Closing Date, the "Closing Dates"), in each case, at the offices of Paul, Hastings, Janoxxxx & Xalkxx XXX, 399 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xxx/or at such later dates or places as each party hereto shall agree. At the First Closing, the Issuer shall deliver to the Purchaser one or more certificates representing $21 million aggregate principal amount of Securities registered in the name of the Purchaser, or in such name(s) as may be designated by the Purchaser (each, an "Initial Certificate"). At the Second Closing, the Issuer shall deliver to the Purchaser one or more certificates representing $4 million aggregate principal amount of Securities registered in the name of the Purchaser, or in such name(s) as designated by the Purchaser. At the option of the Purchaser at the Second Closing, the Purchaser may request from the Issuer and the Issuer shall deliver to the Purchaser, upon delivery by the Purchaser for cancellation of the Initial Certificate(s) in the aggregate principal amount of $21 million, together with the amount in cash of interest due, at an annual rate of 8%, on the amount of $4 million for the period from the First Closing Date to the Second Closing Date, a single certificate in the aggregate principal amount of $25 million registered in the name of the Purchaser, or in such name(s) as designated by the Purchaser for which interest shall accrue on such single certificate from the date of the First Closing.
Sample 1
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Related to Delivery of the Securities; Conditions to Closing

  • Company’s Conditions to Closing The Company’s obligation to issue and sell the Shares at the Closing is subject to the fulfillment as of the Closing of the following conditions (unless waived in writing by the Company):

  • Purchaser’s Conditions to Closing The obligations of the Purchaser under this Agreement shall be subject to the satisfaction, on or prior to the Closing Date, of the following conditions:

  • Conditions to Closing Date This Agreement shall become effective upon, and the obligation of each Lender to make the initial Extensions of Credit on the Closing Date is subject to, the satisfaction of the following conditions precedent:

  • Conditions to Closing of the Investors Each Investor’s obligations at the Closing are subject to the fulfillment, on or prior to the Closing Date, of all of the following conditions, any of which may be waived in whole or in part by all of the Investors:

  • Conditions Precedent to the Obligations of the Purchasers to Purchase Securities The obligation of each Purchaser to acquire Shares and Warrants at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, on or prior to the Closing Date, of each of the following conditions, any of which may be waived by such Purchaser (as to itself only):

  • Conditions to Closing Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, prior to or at the Closing, of the following conditions:

  • Conditions to Closings Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at the Closing is subject to the fulfillment to such Purchaser’s satisfaction, prior to or at the Closing, of the following conditions:

  • Buyer’s Conditions to Closing The obligation of Buyer to consummate the Closing is subject to the fulfillment of each of the following conditions (except to the extent waived in writing by Buyer in its sole discretion):

  • Conditions to Closing of the Company The Company’s obligation to sell the Securities at the Closing is subject to the fulfillment to its satisfaction on or prior to the Closing Date of each of the following conditions:

  • Closing Conditions to Closing The Lender will not be obligated to make the initial Loans or to obtain any Letters of Credit on the Closing Date, unless the following conditions precedent have been satisfied in a manner satisfactory to Lender:

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