Common use of Placement Share Payment and Delivery Clause in Contracts

Placement Share Payment and Delivery. (i) Delivery and payment for the Shares shall be made on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Escrow Release Notice”) requesting that the Offering be closed has been delivered by the Company and the Underwriter to Signature Bank (the “Escrow Agent”) pursuant to the Escrow Deposit Agreement (the “Escrow Agreement”) at the offices of Sichenzia Xxxx Xxxxxxx Xxxxxx LLP (the “Underwriter Counsel”), or at such other place (or remotely by facsimile or other electronic transmission) as shall be agreed upon by the Underwriter and the Company. One or more closings may be conducted prior to the Termination Date. (ii) Payment for the Shares shall be made on the Closing Date by wire transfer in Federal (same day) funds, payable to the order of the Company upon delivery of the certificates (in form and substance satisfactory to the Underwriter) representing the Shares (or through the facilities of the Depository Trust Company (“DTC”)) for the account of the Underwriter and or the Investors. The Shares shall be registered in such name or names of the Investors and in such authorized denominations as the Underwriter may request in writing prior to the Closing Date. The Company shall not be obligated to sell or deliver the Shares except upon tender of payment by the Underwriter for all of the Shares.

Placement Share Payment and Delivery. (i) Delivery and payment for the Shares shall be made on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Escrow Release Notice”) requesting that the Offering be closed has been delivered by the Company and the Underwriter to Signature Bank (the “Escrow Agent”) pursuant to the Escrow Deposit Agreement (the “Escrow Agreement”) at the offices of Sichenzia Xxxx Rxxx Xxxxxxx Xxxxxx LLP (the “Underwriter Counsel”), or at such other place (or remotely by facsimile or other electronic transmission) as shall be agreed upon by the Underwriter and the Company. One or more closings may be conducted prior to the Termination Date. (ii) Payment for the Shares shall be made on the Closing Date by wire transfer in Federal (same day) funds, payable to the order of the Company upon delivery of the certificates (in form and substance satisfactory to the Underwriter) representing the Shares (or through the facilities of the Depository Trust Company (“DTC”)) for the account of the Underwriter and or the Investors. The Shares shall be registered in such name or names of the Investors and in such authorized denominations as the Underwriter may request in writing prior to the Closing Date. The Company shall not be obligated to sell or deliver the Shares except upon tender of payment by the Underwriter for all of the Shares.

Placement Share Payment and Delivery. (i) Delivery and payment for the Shares shall be made on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Escrow Release Notice”) requesting that the Offering be closed has been delivered by the Company and the Underwriter to Signature Bank Fintech Clearing, LLC (the “Escrow Agent”) pursuant to the Escrow Deposit Agreement (the “Escrow Agreement”) at the offices of Sichenzia Xxxx Xxxxxxx Xxxxxx LLP (the “Underwriter Counsel”), or at such other place (or remotely by facsimile or other electronic transmission) as shall be agreed upon by the Underwriter and the Company. One or more closings may be conducted prior to the Offering Termination Date. (ii) Payment for the Shares shall be made on the Closing Date by wire transfer in Federal (same day) funds, payable to the order of the Company upon delivery of the certificates (in form and substance satisfactory to the Underwriter) representing the Shares (or through the facilities of the Depository Trust Company (“DTC”)) for the account of the Underwriter and or the Investors. The Shares shall be registered in such name or names of the Investors and in such authorized denominations as the Underwriter may request in writing prior to the Closing Date. The Company shall not be obligated to sell or deliver the Shares except upon tender of payment by the Underwriter for all of the Shares.

Placement Share Payment and Delivery. (i) Delivery and payment for the Shares shall be made on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Escrow Release Notice”) requesting that the Offering be closed has been delivered by the Company and the Underwriter to Signature Bank Fintech Clearing, LLC (the “Escrow Agent”) pursuant to the Escrow Deposit Agreement (the “Escrow Agreement”) at the offices of Sichenzia Xxxx Xxxxxxx Xxxxxx LLP (the “Underwriter Counsel”), or at such other place (or remotely by facsimile or other electronic transmission) as shall be agreed upon by the Underwriter and the Company. One or more closings may be conducted prior to the Offering Termination Date. (ii) Payment for the Shares shall be made on the Closing Date by wire transfer in Federal (same day) funds, payable to the order of the Company upon delivery of the certificates (in form and substance satisfactory to the Underwriter) representing the Shares (or through the facilities of the Depository Trust Company (“DTC”)) for the account of the Underwriter and or the Investors. The Shares shall be registered in such name or names of the Investors and in such authorized denominations as the Underwriter may request in writing prior to the Closing Date. The Company shall not be obligated to sell or deliver the Shares except upon tender of payment by the Underwriter for all of the Shares.