Payment for and Delivery of Securities. The Investor shall pay to the Issuer the Total Purchase Price at the time of entering into this Subscription Agreement. Investor may pay the Total Purchase Price by ACH, credit card, or wire transfer. Payment shall be submitted to the Escrow Agent and held by the Escrow Agent until such time that it is either refunded to the Investor or distributed to the Issuer. If payment is never received by the Escrow Agent, Investor’s subscription will be canceled. Once payment is received and accepted, the Investor will receive notice and evidence of the digital entry (or other manner of record) of the number of Securities owned by the Investor reflected on the books and records of the Issuer and verified by the Issuer’s transfer agent.
Payment for and Delivery of Securities. At the Closing, the Company shall issue and deliver to the Purchaser certificates representing the Preferred Shares to be issued on the Closing Date, duly registered in the name of such Purchaser and bearing appropriate legends. Payment for such Preferred Shares shall be made by the Purchaser by wire transfer of immediately available funds to an account designated by the Company in writing in the amount of $1,500,000,000 (the aggregate amount to be delivered by the Purchaser to the Company, the "Purchase Price").
Payment for and Delivery of Securities. At the Closing, the Company shall issue and deliver to the Purchasers, stock certificates for the Preferred Shares and Warrants, each duly registered in the name of the respective Purchasers, against immediate payment by the Purchasers, by wire transfer of immediately-available funds, to the account designated by the Company (a) in the case of PPEI, $5,000,011.75 (adjusted as described in the last sentence of Section 2.1 above) for the purchase of the Preferred Shares, and (b) in the case of CVI, $3,000,000.75 (adjusted as described in the last sentence of Section 2.1 above) for the purchase price of the Preferred Shares; in each case with the value of the Warrants for income tax purposes as set forth in each Warrant.
Payment for and Delivery of Securities. At each Closing, each -------------------------------------- Buyer shall pay an amount equal to the aggregate initial liquidation preference of the PIK Preferred Stock being issued and sold to it at such Closing, by wire transfer of immediately available funds to the Company, in accordance with the Company's written wiring instructions, against delivery to the Buyer of the certificates evidencing such PIK Preferred Stock.
