Common use of Purchase of Membership Interests and Warrants Clause in Contracts

Purchase of Membership Interests and Warrants. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, at each closing of the transaction contemplated hereby (each, a “Closing”), the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below), (A) the number of Membership Interests as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers, along with (B) Warrants to acquire up to that number of Warrant Interests as is set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers. Each Closing shall occur on the Closing Date (as defined below) chosen by the Company at the offices of Ellenoff Xxxxxxxx & Schole LLP, 000 Xxxx 00xx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 or remotely via the electronic exchange of documents and facsimile signatures. The Schedule of Buyers shall be amended accordingly following each Closing.

Purchase of Membership Interests and Warrants. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, at each closing of the transaction contemplated hereby (each, a “Closing”), the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Closing Date (as defined below), (A) the number of Membership Interests as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers, along with (B) Warrants to acquire up to that number of Warrant Interests as is set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers. Each Closing shall occur on the Closing Date (as defined below) chosen by the Company at the offices of Ellenoff Xxxxxxxx & Schole LLP, 000 Xxxx 00xx Xxxxxx, 00xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 or remotely via the electronic exchange of documents and facsimile signatures. The Schedule of Buyers shall be amended accordingly following each Closing.