Common use of Payment for the Common Stock Clause in Contracts

Payment for the Common Stock. On each Closing Date, the Investor shall pay to the Company the Investment Amount (less any amounts withheld pursuant to Section 11.2) by federal funds wire transfer or transfer of New York Clearing House funds, and the Investor shall receive from the Company the number of shares of Common Stock determined by dividing the Investment Amount by the applicable Purchase Price (rounded to the nearest whole number of shares). Such Investment Amount, as so adjusted, shall be paid into such account(s) designated by the Company prior to the relevant Closing Date.

Payment for the Common Stock. On each the Closing Date, the Investor shall pay to the Company the Investment Amount (less any amounts withheld pursuant to Section 11.2) by federal funds wire transfer or transfer of New York Clearing House funds, and the Investor shall receive from the Company the number of shares of Common Stock determined by dividing the Investment Amount by the applicable Purchase Price (rounded to the nearest whole number of shares). Such Investment Amount, as so adjusted, shall be paid into such account(s) previously designated by the Company prior to the relevant Closing Date.