Common use of Payment for Standby Purchaser Shares Clause in Contracts

Payment for Standby Purchaser Shares. Subject to and in accordance with the terms hereof, on the Standby Closing Date, the Standby Purchaser shall pay, in immediately available funds by wire transfer to an account designated by ITP, or by certified cheque payable to ITP, the aggregate Subscription Price that is payable for the Standby Purchaser Shares to be purchased by it hereunder, in US Dollars, and ITP shall issue the Standby Purchaser Shares to the Standby Purchaser.

Payment for Standby Purchaser Shares. Subject to and in accordance with the terms hereof, on the Standby Closing Date, the each Standby Purchaser shall pay, in immediately available funds by wire transfer to an account designated by ITP, or by certified cheque payable to ITP, the aggregate Subscription Price that is payable for the Standby Purchaser Shares to be purchased by him or it hereunder, in US Dollars, and ITP shall issue the Standby Purchaser Shares to each of the Standby PurchaserPurchasers.