Capital Increase Accounts Clause Samples

Capital Increase Accounts. The Company confirms that: (i) it opened with UBS Switzerland AG, bank clearing no. 235 (the “Capital Increase Bank”), a blocked account for the capital increase (Kapitaleinzahlungskonto), IBAN [▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇] made out to “AURIS MEDICAL HOLDING AG KAPITALERHÖHUNG” (the “Firm Capital Increase Account”), and such Firm Capital Increase Account remains open until the completion of the Firm Capital Increase or this Agreement is terminated pursuant to Section 14 and the Firm Capital Increase Amount is released in full to the Representative; and (ii) in the event the Representative exercises the option granted to it under Section 2(c) of this Agreement, the Company will open with the Capital Increase Bank, a blocked account for the over-allotment capital increase (Kapitaleinzahlungskonto), made out to “AURIS MEDICAL HOLDING AG KAPITALERHÖHUNG-OVER-ALLOTMENT” (the “Over-Allotment Capital Increase Account”), will provide the relevant IBAN number to the Representative and will ensure that such Over-Allotment Capital Increase Account remains open until the completion of the Over-Allotment Capital Increase or this Agreement is terminated pursuant to Section 14 and the Over-Allotment Capital Increase Amount is released in full to the Representative.