Minimum Closing Condition. (a) Notwithstanding the conditions to the respective obligations of Buyer and NetWolves, on the one hand, and the Seller, on the other, to close as set forth in Section 3.1(f) and Section 3.2(c) hereof, if all other conditions to closing have been satisfied or waived, the parties agree that the conditions set forth in Section 3.1(f) and Section 3.2(c) hereof will be deemed satisfied upon (i) completion of all filings and registrations with Governmental Entities in connection with the execution and delivery of this Agreement and the consummation of the transactions contemplated hereby and (ii) receipt of related consents or approvals in the jurisdictions set forth on Schedule 3.3 hereto (the "Minimum Closing Condition"). Following completion of such filings and registrations and receipt of consents or approvals constituting the Minimum Closing Condition, either party may by written notice given to the other parties in accordance with Section 9.6 hereof, designate a Closing Date not sooner than five (5) business days after the date of the notice.
Minimum Closing Condition. With respect to the initial Closing, a minimum of 150 Units shall be purchased by and sold to all Purchasers in such Closing and the Company shall have received the proceeds thereof, at par.
