Common use of Ownership of Record; Tender of Purchase Price; Expenses Clause in Contracts

Ownership of Record; Tender of Purchase Price; Expenses. Upon ------------------------------------------------------- the tender of the applicable purchase price in immediately available funds (following the giving of the Exercise Notice) at the Closing, Grantee shall be deemed to be the holder of record of the shares of Common Stock issuable upon such exercise, notwithstanding that the stock transfer books of Issuer may then be closed or that certificates representing such shares of Common Stock may not have been delivered to Grantee. Issuer shall pay all expenses, and any and all federal, national, state, provincial and local taxes and other charges worldwide that may be payable in connection with the preparation, issuance and delivery of stock certificates under this Section 2 in the name of Grantee or its permitted assignee.

Ownership of Record; Tender of Purchase Price; Expenses. Upon ------------------------------------------------------- the tender of the applicable purchase price in immediately available funds (following the giving of the Exercise Notice) at the Closing), Grantee shall be deemed to be the holder of record of the shares of Common Stock issuable upon such exercise, notwithstanding that the stock transfer books of Issuer may then be closed or that certificates representing such shares of Common Stock may not have been delivered to Grantee. Issuer shall pay all expenses, and any and all federal, national, state, provincial and local taxes and other charges worldwide that may be payable in connection with the preparation, issuance and delivery of stock certificates under this Section 2 Section2 in the name of Grantee or its permitted nominee, assignee, transferee or designee.