Common use of Transactions on the Closing Date Clause in Contracts

Transactions on the Closing Date. (a) At the Closing, the Company will deliver, or cause to be delivered, to QDL and/or Questron the following: (i) each of the certificates and documents contemplated by Article 7; and (ii) such other certificates, documents, instruments and agreements as Questron shall deem necessary in its reasonable discretion in order to effectuate the transactions contemplated herein, in form and substance reasonably satisfactory to Questron. (b) At the Closing, QDL and/or Questron will deliver to the Company and/or the Shareholders the following: (i) the Initial Cash Consideration; (ii) the stock certificates representing the Closing Shares; (iii) each of the certificates and documents contemplated by Article 8; and (iv) such other certificates, documents, instruments and agreements as the Company shall deem necessary in its reasonable discretion in order to effectuate the transactions contemplated herein, in form and substance reasonably satisfactory to the Company. (c) At the Closing, wire transfers from or on behalf of QDL will be made to the entities listed on Schedule 2.5 (c) (the "Schedule 2.5(c) Creditors") in the aggregate amounts set forth on Schedule 2.5(c), which amount shall represent all of the outstanding indebtedness of the Company owed to those Schedule 2.5 Creditors as of the Closing Date (the "Schedule 2.5(c) Debt").

Transactions on the Closing Date. (a) At the Closing, the Company will deliver, or cause to be delivered, to QDL and/or Questron the following: (i) each of the certificates and documents contemplated by Article 7; and (ii) such other certificates, documents, instruments and agreements as QDL and/or Questron shall deem necessary in its reasonable discretion in order to effectuate the transactions contemplated herein, in form and substance reasonably satisfactory to QDL and/or Questron. (b) At the Closing, QDL and/or Questron will deliver to the Company and/or the Shareholders Principals the following: (i) the Initial Cash Consideration; (ii) the stock certificates representing the Closing Shares; (iii) each of the certificates and documents contemplated by Article 8; and (iv) such other certificates, documents, instruments and agreements as the Company shall deem necessary in its reasonable discretion in order to effectuate the transactions contemplated herein, in form and substance reasonably satisfactory to the Company. (c) At the Closing, wire transfers from or and on behalf of QDL will the Company, Questron shall deliver, or cause to be made delivered, by wire transfer such amounts as are necessary to pay and discharge the outstanding balance of the indebtedness set forth on Schedule 1.2 to the entities listed on Schedule 2.5 (c) (the "Schedule 2.5(c) Creditors") in the aggregate amounts set forth on Schedule 2.5(c)thereon, which amount amounts shall represent all of the such indebtedness outstanding indebtedness of the Company owed to those Schedule 2.5 Creditors as of the Closing Date (the "Schedule 2.5(c) Debt")Date.