Closing

Closing. Means the closing of this transaction, at which the events set forth in Section 5.2 shall occur.

Closing. Means the closing of this transaction, at which the events set forth in Sections 5.2 and 5.3 shall occur.

Closing. Means the date upon which the Grant Deed is recorded in the Official Records of the County, title to the Property is conveyed to Buyer, and possession of the Property is delivered to Buyer, in accordance with the terms of this Agreement.

Closing. Means the accomplishment (or waiver by the party in whose favor each such activity runs) of each and every one of the activities described in Section 4.2 below.

Closing. Means the consummation of the purchase and sale of shares of common stock and warrants for the future purchase of common stock of O2Diesel, as such is contemplated and described by the Common Stock and Warrant Purchase Agreement executed by the Parties on October 28, 2005.

Closing. Shall mean the completion of the funding undertaken pursuant to the Stock Purchase Agreement.

Closing. The completion of: (i) PureRay Holding's (or its successor's) purchase of all of its issued and outstanding shares from the Company; and (ii) the Company's purchase of all of its issued and outstanding Special Voting Stock from the Trustee;

Closing. Means the closing of a transaction constituting a Liquidity Event.

Closing. Refers to that event which occurs when the Securities shall have been subscribed for, the funds representing the sale of a minimum of $12.5 million in aggregate purchase price for the Securities (including the aggregate principal amount and accrued interest of converted Bridge Notes) shall have cleared, and the Company shall have accepted the subscriptions.

Closing. Means the action, execution and delivery of such agreements and other instruments and documents as necessary or appropriate to effect the transactions contemplated by this Agreement and the other Credit Documents in accordance with the terms hereof and thereof.