Common use of Closing of the Offering Clause in Contracts

Closing of the Offering. 9.1 The Closing will take place on the Closing Day. 9.2 On Closing, the Issuer will deliver the Certificates, through its registrar and transfer agent, to the Agent, against payment of the Proceeds. 9.3 If the Issuer has satisfied all of its material obligations under this Agreement, on Closing, the Agent will pay the Proceeds to the Issuer against delivery of the Certificates. 9.4 The obligation of the Agent to pay the Proceeds to the Issuer shall be subject to the following conditions precedent: (a) the Issuer shall have performed or complied with each covenant and obligation herein provided on its part to be performed or complied with; (b) each of the representations and warranties of the Issuer herein shall continue to be true, and the Officer's Certificate shall contain certification to that effect; and (c) the Issuer shall have, to the satisfaction of the Agent's counsel, taken or caused to be taken all steps and proceedings which may be requisite under the Applicable Legislation to qualify the Distribution of the Shares to the public in the Selling Provinces through registrants who have complied with the provision of the Applicable Legislation, including the filing and the obtaining of receipts for the Prospectus.