Common use of Closing of the Offering Clause in Contracts

Closing of the Offering. Provided the Minimum Offering shall have been subscribed for and funds representing the sale thereof shall have cleared, a closing (the "Initial Preferred Closing") shall take place at the offices of the Placement Agent, ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ within three business days thereafter (but in no event later than five days following the Preferred Termination Date), which closing date may be accelerated or adjourned by agreement between the Company and the Placement Agent. At the Initial Preferred Closing, payment for the Preferred Units issued and sold by the Company shall be made against delivery of the D Preferred Shares and Preferred Warrants comprising such Preferred Units. In addition, subsequent closings of the Offering (if applicable) may be scheduled at the discretion of the Company and the Placement Agent, each of which shall be deemed a "Preferred Closing" hereunder. The date of the last closing of the Offering is hereinafter referred to as the "Final Closing" and the date of any Preferred Closing hereunder is hereinafter referred to as a "Closing Date".

Appears in 1 contract

Sources: Placement Agency Agreement (Drkoop Com Inc)

Closing of the Offering. Provided the Minimum Offering shall have been subscribed for and funds representing the sale thereof shall have cleared, a closing (the "Initial Preferred Closing") shall take place at the offices of the Placement Agent, ▇▇▇ 830 ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ within ▇▇thin three business days thereafter (but in no event later than five days following the Preferred Termination Date), which closing date may be accelerated or adjourned by agreement between the Company and the Placement Agent. At the Initial Preferred Closing, payment for the Preferred Units issued and sold by the Company shall be made against delivery of the D E Preferred Shares and Preferred Warrants comprising such Preferred Units. In addition, subsequent closings of the Offering (if applicable) may be scheduled at the discretion of the Company and the Placement Agent, each of which shall be deemed a "Preferred Closing" hereunder. The date of the last closing of the Offering is hereinafter referred to as the "Final Closing" and the date of any Preferred Closing hereunder is hereinafter referred to as a "Closing Date".

Appears in 1 contract

Sources: Placement Agency Agreement (Drkoop Com Inc)

Closing of the Offering. Provided the Minimum Offering shall have been subscribed for and funds representing the sale thereof shall have cleared, a closing (the "Initial Preferred Closing") shall take place at the offices of counsel to the Placement Agent, Loeb & Loeb LLP, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇, within three business days thereafter (but in no event later than five three days following the Preferred Termination Date), which closing date may be accelerated or adjourned by agreement between the Company and the Placement Agent. At the Initial Preferred Closing, payment for the Preferred Units issued and sold by the Company shall be made against delivery of the D Preferred Shares and Preferred Warrants comprising such Preferred Units. In addition, subsequent Subsequent closings of the Offering (if applicable) may be scheduled at the discretion of the Company and the Placement Agent, each of which shall be deemed a "Preferred Closing" hereunder) shall take place by mutual agreement of the Company and the Placement Agent. The date of the last closing of the Offering is hereinafter referred to as the "Final Closing" and the date of any Preferred Closing hereunder is hereinafter referred to as a "Closing Date".

Appears in 1 contract

Sources: Placement Agency Agreement (Proxymed Inc /Ft Lauderdale/)