Second Closing Notice definition

Second Closing Notice shall have the meaning ascribed to such term in Section 2.1(b).

Second Closing Notice has the meaning set forth in Section 3.2(a).

Second Closing Notice means the Second Closing Notice as defined in the Series B Preferred Stock Purchase Agreement.

Examples of Second Closing Notice in a sentence

• At any time prior to the earlier of (i) the delivery of the Second Closing Notice by the Company (as defined below) and (ii) December 31, 2008, each Investor shall have the option at any time to purchase, in one or more closings, that number of shares of Series A-1 Preferred Stock which, in the aggregate, may be up to such Investor’s Second Closing Shares upon ten (10) days’ written notice to the Company at a purchase price per share equal to the Series A-1 Purchase Price.

• On a date designated by the Company and not sooner than ten (10) business days subsequent to the Second Closing Notice, at a mutually agreed place and time, the parties hereto shall consummate the purchase and sale of the Second Closing Shares referred to in the Second Closing Notice.

• Reviews involve self-reflection on the part of the faculty member under review and supply guidance and mentorship from department colleagues.

• Subject to the satisfaction or waiver of the conditions set forth in Articles VI and VII below, the date and time of the issuance, sale and purchase of the Securities pursuant to this Agreement shall be (i) for the First Closing, within three (3) business days of the execution of this Agreement and (ii) for the Second Closing, on the day three (3) business days following receipt by Purchaser of the Second Closing Notice from the Company.

• Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Second Closing shall occur at the offices of WS or such other location as the parties shall mutually agree within 10 Trading Days from the date of the Second Closing Notice.

More Definitions of Second Closing Notice

Second Closing Notice means a notice, signed by an officer of the Company and delivered to the Purchasers, certifying that the Second Closing Trigger has occurred.

Second Closing Notice has the meaning given to it in Section 7.2.

Second Closing Notice has the meaning set forth in Section 2.4 of this Agreement.

Second Closing Notice has the meaning set forth in Section 6.1(a).

Second Closing Notice. With respect to the Second Closing, Investors shall have received the Second Closing Notice not more than fifteen days after the First Closing Date.

Second Closing Notice has the meaning set forth in Section 17(i).

Second Closing Notice means evidence of the following: (a) that the Company’s business development efforts to divest assets has been proceeding, and continues to proceed, with all commercially reasonable efforts and in a manner consistent with the Company’s stated goals as presented to the Purchasers on or before the date hereof; and/or (b) that the Company’s effort to raise substantial equity has been proceeding, and continues to proceed, with all commercially reasonable efforts and a funding within 45 days seems reasonably likely, which evidence shall include, without limitation, the ability of the Purchasers to contact a reasonable number of prospective investors.