Examples of First Closing Subscription Amount in a sentence
The Holder and the holders of the other Warrants issued pursuant to the Purchase Agreement shall be entitled to a portion of the lesser of the Issuable Maximum or the Authorized Maximum Shares, as applicable, equal to the quotient obtained by dividing (x) the Holder’s original First Closing Subscription Amount by (y) the aggregate original First Closing Subscription Amounts of all holders pursuant to the Purchase Agreement.
The First Closing Subscription Amount of Crestview Capital Master, LLC shall be equal to $3,000,000 and the aggregate First Closing Subscription Amount of the additional Purchasers, not including Crestview Capital Master, LLC shall be up to $2,000,000.
Each Purchaser shall deliver to the Company, via wire transfer or a certified check, immediately available funds equal to such Purchasers First Closing Subscription Amount and the Company shall deliver to each Purchaser its respective shares of Preferred Stock and Warrants as determined pursuant to Section 2.2(a), and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the Closing.
It provides a structure to enable agencies with different legal, jurisdictional, and functional responsibilities to coordinate, plan, and interact effectively on scene.
The Company and the Purchaser hereby acknowledge that funds equal to the First Closing Subscription Amount have previously been advanced on behalf of the Purchaser to the Company and on the First Closing Date, the Company shall deliver to the Purchaser its First Closing Shares, and the Company and the Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the First Closing.