Common use of Subsequent Closing Clause in Contracts

Subsequent Closing. In any subsequent closing (each a "Subsequent Closing"), the Company may sell additional Notes and Warrants subject to the terms of this Agreement to any Lender as it shall select, provided that such sale shall not take place later than March 31, 2004 and the aggregate amount of Consideration does not exceed $1,500,000.00. Any subsequent purchasers of Notes and Warrants shall become a party to, and shall be entitled to receive Notes and Warrants in accordance with this Agreement. Each Subsequent Closing shall take place at such locations and at such times as shall be mutually agreed upon orally or in writing by the Company and such purchasers of additional Notes and Warrants.

Subsequent Closing. In any subsequent closing (each each, a "“Subsequent Closing"”), the Company may sell additional Notes and Warrants subject to the terms of this Agreement to any Lender as it shall select, ; provided that such sale shall not take place later than March July 31, 2004 2025, and the aggregate amount of Consideration does not exceed $1,500,000.003 million. Any subsequent purchasers of Notes and Warrants shall become a party to, and shall be entitled to receive Notes and Warrants in accordance with this Agreement. Each Subsequent Closing shall take place at such locations and at such times as shall be mutually agreed upon orally or in writing by the Company and such purchasers of additional Notes and WarrantsNotes.

Subsequent Closing. In any subsequent closing (each each, a "“Subsequent Closing"”), the Company may sell additional Notes and Warrants subject to the terms of this Agreement to any Lender as it shall select, ; provided that such sale shall not take place later than March 31June 30, 2004 2023, and the aggregate amount of Consideration does not exceed $1,500,000.001.8 million. Any subsequent purchasers of Notes and Warrants shall become a party to, and shall be entitled to receive Notes and Warrants in accordance with this Agreement. Each Subsequent Closing shall take place at such locations and at such times as shall be mutually agreed upon orally or in writing by the Company and such purchasers of additional Notes and WarrantsNotes.

Subsequent Closing. In any subsequent closing (each each, a "Subsequent Closing"), the Company may sell additional Notes and Warrants subject to the terms of this Agreement to any Lender as it shall selectapproved by the Company's Board of Directors, provided that such sale shall not take place later than March 31, 2004 and the aggregate amount of Consideration (including amounts provided to the Company pursuant to Section 4.1 above) does not exceed $1,500,000.00500,050. Any subsequent purchasers of Notes and Warrants shall become a party to, and shall be entitled to receive Notes and Warrants in accordance with this Agreement. Each Subsequent Closing shall take place at such locations and at such times as shall be mutually agreed upon orally or in writing by the Company and such purchasers of additional Notes and Warrants. The Schedule of Lenders shall be updated to reflect any Subsequent Closings.

Subsequent Closing. In any subsequent closing (each each, a "“Subsequent Closing"”), the Company may sell additional Notes and Warrants subject to the terms of this Agreement to any Lender as it shall select, ; provided that such sale shall not take place later than March July 31, 2004 2024, and the aggregate amount of Consideration does not exceed $1,500,000.003 million. Any subsequent purchasers of Notes and Warrants shall become a party to, and shall be entitled to receive Notes and Warrants in accordance with this Agreement. Each Subsequent Closing shall take place at such locations and at such times as shall be mutually agreed upon orally or in writing by the Company and such purchasers of additional Notes and WarrantsNotes.