Common use of Closing and Mechanics of Payment Clause in Contracts

Closing and Mechanics of Payment. (a) The Purchase Price shall be paid on the Closing Date by wire transfer of immediately available funds on or before 5:00 p.m. (EST). (b) The Convertible Notes issued on the Closing Date shall be dated the date hereof; provided, however, interest shall accrue on the applicable Convertible Notes only from and after the date of funding thereof.

Closing and Mechanics of Payment. (a) The Purchase Price shall be paid on the Closing Date by wire transfer of immediately available funds on or before 5:00 p.m. (EST). (ba) The Convertible Notes Debentures and Warrants issued on the Closing Date shall be dated the date hereof; providedPROVIDED, howeverHOWEVER, interest shall accrue on the applicable Convertible Notes Debentures only from and after the date of funding thereof.. (b)