Common use of Multiple Closings Clause in Contracts

Multiple Closings. In the event there are multiple partial closings prior to the final closing of the Transaction, the Company shall issue to Littlebanc, or its designees, the percentage of cash and securities set forth in Sections 5(a)(i), (ii) payable with respect to the amount of each closing as soon as practicable after each such closing.

Appears in 2 contracts

Sources: Investment Banking Agreement (SMTP, Inc.), Investment Banking Agreement (Liberator Medical Holdings, Inc.)