First Tranche Initial Closing Sample Clauses

First Tranche Initial Closing. The sale and issuance of the Notes and Warrants in the First Tranche shall take place at an initial Closing (the “First Tranche Initial Closing”) that will be held at the offices of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇., ▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, at 3:00 p.m. local time on the Effective Date, or at such other time and place as the parties shall mutually agree (the “First Tranche Initial Closing Date”). At the First Tranche Initial Closing, the Company may sell and issue up to $2,800,000 in principal amount of Notes (the “First Tranche Note Principal Amount”), together with corresponding Warrants, to the Investors.