Common use of Sufficient Progress Clause in Contracts

Sufficient Progress. The President and Treasurer of the Company shall have certified to the Board that the Company has met the milestones specified in Exhibit 5.2(c) hereof, with respect to the Interim Closing, and the Board, by a resolution adopted by action of a majority of the directors, including all of the Investors' Designee(s) shall have concurred with such determination and shall have deemed it advisable for the Interim Closing to occur.

Sufficient Progress. The President and Treasurer of the Company shall have certified to the Board that the Company has met the milestones specified in Exhibit 5.2(c5.3(d) hereof, hereof with respect to the Interim Final Closing, and the Board, by a resolution adopted by action of a majority of the directors, including which majority includes all of the Investors' Investor Designee(s) ), shall have concurred with such determination and shall have deemed it advisable for the Interim Final Closing to occur.