Common use of Payment of Closing Payment; Delivery of Securities Clause in Contracts

Payment of Closing Payment; Delivery of Securities. On each Closing Date, (i) Buyer shall pay the applicable Closing Payment to the Company for the respective Securities to be issued and sold to Buyer at such Closing, by wire transfer of immediately available funds in accordance with the Company’s written wire instructions and (ii) the Company shall issue to Buyer the Convertible Notes (pursuant to which Buyer initially shall have the right to acquire up to the aggregate number of Conversion Shares as is set forth on the Buyer Schedules in respect of such Convertible Notes) and the Warrants (pursuant to which Buyer initially shall have the right to acquire up to the aggregate number of Warrant Shares as is set forth on the Buyer Schedules in respect of such Warrants) as set forth on the Buyer Schedules, in all cases, duly executed on behalf of the Company and registered in the name of Buyer or its designee, all as set forth on the Buyer Schedules.

Payment of Closing Payment; Delivery of Securities. On each the Closing Date, (i) Buyer shall pay the applicable Closing Payment to the Company for the respective Securities to be issued and sold to Buyer at such Closing, by wire transfer of immediately available funds in accordance with the Company’s written wire instructions and (ii) the Company shall issue to Buyer the Convertible Notes (pursuant to which Buyer initially shall have the right to acquire up to the aggregate number of Conversion Shares as is set forth on the Buyer Schedules in respect of such Convertible Notes) and the Warrants (pursuant to which Buyer initially shall have the right to acquire up to the aggregate number of Warrant Shares as is set forth on the Buyer Schedules in respect of such Warrants) as set forth on the Buyer Schedules, in all cases, duly executed on behalf of the Company and registered in the name of Buyer or its designee, all as set forth on the Buyer Schedules.