The Closing and Closing Conditions. Section 6.1. The Closing
The Closing and Closing Conditions. 24 Section 6.1. First Closing.................................................................................24 Section 6.2. Second Closing................................................................................30 ARTICLE VII MISCELLANEOUS.......................................................................................34
The Closing and Closing Conditions. Section 7.1. Election of Investor to Close . . . . . . . . 11 Section 7.2. The Closing . . . . . . . . . . . . . . . . . 11 Section 7.3. Conditions of Closing . . . . . . . . . . . . 12 Section 7.4. Supporting Documents. . . . . . . . . . . . . 12 Section 7.5. Reasonable Satisfaction of Investor . . . . . 13
The Closing and Closing Conditions. Section 7.1. ELECTION OF INVESTOR TO CLOSE. At such time as the independent testing laboratory referenced in Section 6.1 verifies that a Prototype is capale of producing oxygen at a volume rate and purity level acceptable to Investor, Investor shall have thirty (30) days to notify CPI in writing of its election to proceed with the Closing of the purchase of the Common Shares as provided in this Agreement. If such written notice is not given prior to July 1, 1998, the rights of Investor to purchase the Common Shares shall terminate, but the rights and obligations of the parties under Article III hereof shall continue until the Loan and all interest and other charges accrued thereon is paid in full.
The Closing and Closing Conditions. 29 6.1. Closing Date................................................29 6.2. Conditions to Each Party's Obligations Under this Agreement......................................30 6.3. Additional Conditions to Buyer's Obligations Under this Agreement......................................31 6.4. Additional Conditions to Selling Parties' Obligations Under this Agreement......................................32
The Closing and Closing Conditions. A closing of this transaction (the "Closing"), at which the Shares shall be issued to you, shall occur once the Company has secured the approval of its Board of Directors and the American Stock Exchange to the issuance of the Shares. Should the Closing not occur by September 30, 2003, either party hereto has the right to terminate this Agreement by written notice to the other.
The Closing and Closing Conditions
