Examples of First Closing in a sentence
The Company hereby agrees to engage and maintain, at its expense, a registrar and transfer agent for the Ordinary Shares reasonably acceptable to the Underwriters, and shall retain such transfer agent for a period of not less than one year from the First Closing Date.
On the First Closing Date and on each Option Closing Date, the Representative shall have received from K&L Gates LLP, counsel for the Underwriters, an opinion, dated as of such Closing Date, with respect to such matters as the Representative may require, and the Company shall have furnished to such counsel such documents as they request for the purpose of enabling them to pass upon such matters.
The unpaid balance of due diligence and structuring fee shall be deducted from the gross proceeds of the First Closing.
If any condition specified in this Section 6 shall not have been fulfilled when and as required to be fulfilled, this Agreement may be terminated by the Underwriters by notice to the Company at any time at or prior to the First Closing Date or on each Option Closing Date, as applicable, and such termination shall be without liability of any party to any other party, except that Section 5(j), Section 7 and Section 10 shall survive any such termination and remain in full force and effect.
At the First Closing Date and on each Option Closing Date, the Company shall issue the Representative’s Warrants to the Representative, as set forth herein.