Deposit of Collateral. Acquisition shall have deposited, or shall have directed the deposit of, the proceeds of the offering with the Collateral Agent, as contemplated in the Pledge Agreement (it being understood that this condition shall be deemed satisfied to the extent it occurs simultaneously with the purchase and payment of the Securities).
Appears in 2 contracts
Sources: Purchase Agreement (Mg Waldbaum Co), Purchase Agreement (Mg Waldbaum Co)