Common use of CLOSING AND SETTLEMENT Clause in Contracts

CLOSING AND SETTLEMENT. Subject to the terms and conditions hereof, payment of the purchase price for, and delivery of, the Securities shall be made at one or more closings (each a “Closing” and the date on which each Closing occurs, a “Closing Date”) at the offices of Sunrise Securities Corp. (or at such other place as shall be agreed upon by Sunrise and the Company), the first such Closing to take place at [9:00 a.m.], New York City time, on [*], 2012 (unless another time shall be agreed to by Sunrise and the Company). On each Closing, (i) the Company will deliver, or cause to be delivered, to the Placement Agent by authorizing the release of the Shares to the Purchasers via DWAC delivery prior to the release of payment for such Shares, and (ii) each Purchaser will deliver, or cause to be delivered, to the Company, the aggregate purchase price for the Shares no later than one business day after receipt of the Purchaser’s Shares.

CLOSING AND SETTLEMENT. Subject to the terms and conditions hereof, payment of the purchase price for, and delivery of, the Securities shall be made at one or more closings (each a “Closing” and the date on which each Closing occurs, a “Closing Date”) at the offices of Sunrise Securities Corp. (or at such other place as shall be agreed upon by Sunrise and the Company), the first such Closing to take place at [9:00 10:00 a.m.], New York City time, on [*]March 7, 2012 (unless another time shall be agreed to by Sunrise and the Company). On each Closing, (i) the Company will deliver, or cause to be delivered, to the Placement Agent by authorizing the release of the Shares to the Purchasers via DWAC delivery prior to the release of payment for such Shares, and (ii) each Purchaser will deliver, or cause to be delivered, to the Company, the aggregate purchase price for the Shares no later than one business day after receipt of the Purchaser’s Shares.

CLOSING AND SETTLEMENT. Subject to the terms and conditions hereof, payment of the purchase price for, and delivery of, the Securities shall be made at one or more closings (each a “Closing” and the date on which each Closing occurs, a “Closing Date”) at the offices of Sunrise Securities Corp. (or at such other place as shall be agreed upon by Sunrise and the Company), the first such Closing to take place at [9:00 a.m.], New York City time, on [*], 2012 (unless another time shall be agreed to by Sunrise and the Company). On each Closing, (i) the Company will deliver, or cause to be delivered, to the Placement Agent by authorizing the release of the Shares to the Purchasers via DWAC delivery prior to the release of payment for such Shares, and (ii) each Purchaser will deliver, or cause to be delivered, to the Company, the aggregate purchase price for the Shares no later than one business day after receipt of the Purchaser’s Shares.

CLOSING AND SETTLEMENT. Subject to the terms and conditions hereof, payment of the purchase price for, and delivery of, the Securities shall be made at one or more closings (each a “Closing” and the date on which each Closing occurs, a “Closing Date”) at the offices of Sunrise Securities Corp. (Corp., or at such other place as shall be agreed upon by Sunrise and the CompanyCompany (including remotely by facsimile or other electronic transmission), the first such Closing to take place at [9:00 a.m.], New York City time, on [*____], 2012 2014 (unless another time shall be agreed to by Sunrise and the Company); provided however that the last Closing shall occur no later than [___________], 2014. On each Closing, (i) the Company will deliver, or cause to be delivered, to the Placement Agent by authorizing the release of the Shares Securities to the Purchasers via DWAC delivery prior to the release of payment for such Shares, and (ii) each Purchaser will deliver, or cause to be delivered, to the Company, the aggregate purchase price for the Shares no later than one business day after receipt of the Purchaser’s Shares.