Examples of First Closing Investor in a sentence
Subject to the terms and conditions set forth in this Agreement, at the First Closing, the Company shall issue and sell to each First Closing Investor, and each First Closing Investor shall, severally and not jointly, purchase from the Company, First Closing Notes in the principal amount set forth across from such First Closing Investor’s name under the heading “Principal Amount of First Closing Note” on the Schedule of Investors, at a purchase price equal to the principal face amount thereof.
The Company and the Subsidiary Guarantors shall have delivered to such First Closing Investor such other documents, instruments or certificates relating to the transactions contemplated by this Agreement as such Investor or its counsel may reasonably request.
At or prior to the First Closing, Investor and the Company shall execute any related agreements or other documents required to be executed and/or delivered hereunder.
First Closing Subject to the terms and conditions set forth in this Agreement, on the date of the First Closing, Investor shall invest in the Company by subscribing common shares and preferred shares especially issued by the Company for the purposes of such subscription, as set forth in Section 1.4, representing a percentage participation of 75% (seventy-five percent) of the Company’s issued and outstanding capital (the “Investment”).
At the First Closing, Investor shall pay the Estimated First Closing Purchase Price to DEI Holdco by wire transfer of immediately available funds to the account or accounts that DEI Holdco shall designate to Investor prior to the First Closing Date.
At the First Closing, Investor shall pay the Estimated First Closing Purchase Price to DEI Holdco, in accordance with the terms set forth in Section 2.1. At the Second Closing, Investor shall pay the Second Closing Purchase Price to DEI Holdco, in accordance with the terms set forth in Section 2.1.
Subject to the terms and conditions set forth in this Agreement, at the Closing, the Company shall issue and sell to each First Closing Investor, and each First Closing Investor shall, severally and not jointly, purchase from the Company, First Closing Notes in the principal amount set forth across from such First Closing Investor’s name under the heading “Principal Amount of First Closing Note” on the Schedule of Investors, at a purchase price equal to the principal face amount thereof.
With respect to the First Closing, the Company shall have received the First Closing Investor Deliverables in accordance with Section 2.2. With respect to the Second Closing, the Company shall have received the Second Closing Investor Deliverables in accordance with Section 2.3. With respect to any Interim Closing, the Company shall have received the Interim Closing Investor Deliverables in accordance with Section 2.4.
Investor shall pay the remainder of the First Closing Purchase Price ($350,000) by wire transfer of immediately available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the First Closing Investor Shares and the First Closing Warrant (as defined herein), and the Company shall deliver such First Closing Investor Shares and the First Closing Warrant to Investor, against delivery of such First Closing Purchase Price.
No later than 60 days after the date of the First Closing, Investor will deliver to the Company by wire transfer a third and final payment of US $1,000,000 in exchange for 3,333,334 shares of Common Stock (“Final Closing”).