Common use of Mechanics of Tranche Closing Clause in Contracts

Mechanics of Tranche Closing. Each of the Company and Investor shall deliver all documents, instruments and writings required to be delivered by either of them pursuant to Section 2.3(d) of this Agreement at or prior to each closing. Subject to such delivery and the satisfaction of the conditions set forth in Section 2.3(d), the closing of the purchase by Investor of Shares shall occur by 5:00 PM, New York City Time, on the date which is 7 Trading following the Tranche Notice Date at the offices of Investor (each a “Tranche Closing Date”). On each or before each Tranche Closing Date, Investor shall deliver to the Company the Tranche Purchase Price to be paid for such Tranche Shares. The closing (each a “Tranche Closing”) for each Tranche shall occur on the date that both (i) the Company has delivered to Investor all Required Tranche Documents, and (ii) Investor has delivered to the Company such Tranche Purchase Price, if applicable. Subject to all conditions to closing on any Tranche, in the first Tranche Closing Investor shall purchase not less than fifteen (15) Preferred Shares.

Mechanics of Tranche Closing. Each of the Company and Investor shall deliver all documents, instruments and writings required to be delivered by either of them pursuant to Section 2.3(d) of this Agreement at or prior to each closing. Subject to such delivery and the satisfaction of the conditions set forth in Section 2.3(d2.3(c), the closing of the purchase by Investor of Shares shall occur by 5:00 PM, New York City Time, on the date which is 7 10 Trading Days following the Tranche Notice Date at the offices of Investor (each a “Tranche Closing Date”). On each or before each Tranche Closing Date, Investor shall deliver to the Company the Tranche Purchase Price to be paid for such Tranche Shares. The closing (each a “Tranche Closing”) for each Tranche shall occur on the date that both (i) the Company has delivered to Investor all Required Tranche Documents, and (ii) Investor has delivered to the Company such Tranche Purchase Price, if applicable. Subject to all conditions to closing on any Tranche, in the first Tranche Closing Investor shall purchase not less than fifteen (15) Preferred Shares.

Mechanics of Tranche Closing. Each of the Company and Investor shall deliver all documents, instruments and writings required to be delivered by either of them pursuant to Section 2.3(d2.3(e) of this Agreement at or prior to each closing. Subject to such delivery and the satisfaction of the conditions set forth in Section 2.3(d), the closing of the purchase by Investor of Shares shall occur by 5:00 PMp.m., New York City Time, on the date which is 7 10 Trading Days following the Tranche Notice Date at the offices of Investor (each a “Tranche Closing Date”). On each or before each Tranche Closing Date, Investor shall deliver to the Company the Tranche Purchase Price to be paid for such Tranche Shares. The closing (each a “Tranche Closing”) for each Tranche shall occur on the date that both (i) the Company has delivered to Investor all Required Tranche Documents, and (ii) Investor has delivered to the Company such Tranche Purchase Price, if applicable. Subject to all conditions to closing on any Tranche, in the first Tranche Closing Investor shall purchase not less than fifteen (15) Preferred Shares.

Mechanics of Tranche Closing. Each of the Company and Investor shall deliver all documents, instruments and writings required to be delivered by either of them pursuant to Section 2.3(d2.3(e) of this Agreement at or prior to each closing. Subject to such delivery and the satisfaction of the conditions set forth in Section 2.3(d), the closing of the purchase by Investor of Shares shall occur by 5:00 PM, New York City Time, on the date which is 7 10 Trading Days following the Tranche Notice Date at the offices of Investor (each a “Tranche Closing Date”). On each or before each Tranche Closing Date, Investor shall deliver to the Company the Tranche Purchase Price to be paid for such Tranche Shares. The closing (each a “Tranche Closing”) for each Tranche shall occur on the date that both (i) the Company has delivered to Investor all Required Tranche Documents, and (ii) Investor has delivered to the Company such Tranche Purchase Price, if applicable. Subject to all conditions to closing on any Tranche, in the first Tranche Closing Investor shall purchase not less than fifteen (15) Preferred Shares.