Common use of Delivery of Purchase Price and Recall of Shares Clause in Contracts

Delivery of Purchase Price and Recall of Shares. The Purchaser shall, within thirty (30) days following the delivery of the Shares to the Custodian, subject to the execution of Schedule 2 by both Company and Purchaser, pay the Purchase Price to the Company via wire transfer to the directed wire transfer bank and account as specified in the Funding Addendum Schedule 2 which is attached hereto. If the Purchase Price is not received by the Company within thirty (30) days of the delivery of the Shares to the Custodian in the name of the Purchaser, the Company may, at its discretion, demand recall of the Shares, issue or cause to be issued a stop transfer order or other order impeding the sale and delivery of any of the Shares, and terminate this Agreement. The Company may recall the Shares by providing notice to the Purchaser pursuant to Section 5.3. If the Company recalls the Shares, the Purchaser will use its best efforts, and will use its best efforts to cause the Custodian to, transmit and deliver the Shares to the Company within 20 days following the deliver of the recall notice pursuant to Section 5.3.

Delivery of Purchase Price and Recall of Shares. The Purchaser shall, within thirty forty five (3045) days following the delivery of the Shares to the Custodian, subject to the execution of Schedule 2 by both Company and Purchaser, pay the Purchase Price to the Company via wire transfer to the directed wire transfer bank and account as specified in the Funding Addendum Schedule 2 which is attached hereto. If the Purchase Price is not received by the Company within thirty forty five (3045) days of the delivery of the Shares to the Custodian in the name of the Purchaser, the Company may, at its discretion, demand recall of the Shares, issue or cause to be issued a stop transfer order or other order impeding the sale and delivery of any of the Shares, and terminate this Agreement. The Company may recall the Shares by providing notice to the Purchaser pursuant to Section 5.3. If the Company recalls the Shares, the Purchaser will use its best efforts, and will use its best efforts to cause the Custodian to, transmit and deliver the Shares to the Company within 20 days following the deliver of the recall notice pursuant to Section 5.3.