Common use of Firm Units Clause in Contracts

Firm Units. Payment for the Firm Units shall be made to the Company in Federal or other funds immediately available in New York City against delivery of such Firm Units for the respective accounts of the several Underwriters at 10:00 a.m., New York City time, on [●], 2020 or at such other time on the same or such other date, not later than [●], 2020 as shall be designated in writing by the Representative. The time and date of such payment are hereinafter referred to as the “Closing Date.” Payment shall be made as follows: (i) by way of a payment of $________ (corresponding to the aggregate nominal value of the Firm Shares in CHF valued at the average exchange rate over the five business days immediately prior to the date of this Agreement) (such amount, the “Firm Shares Nominal Value”) to ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, the CEO of the Company who previously advanced such payment on behalf the Underwriters; and (ii) by way of a payment of $________ (corresponding to the aggregate Purchase Price of the Firm Units less the Firm Shares Nominal Value) to the Company.

Firm Units. Payment for the Firm Units shall be made to the Company in Federal or other funds immediately available in New York City against delivery of such Firm Units for the respective accounts of the several Underwriters at 10:00 a.m., New York City time, on [●], 2020 2021 or at such other time on the same or such other date, not later than [●], 2020 2021 as shall be designated in writing by the Representative. The time and date of such payment are hereinafter referred to as the “Closing Date.” Payment shall be made as follows: (i) by way of a payment of $________ (corresponding to the aggregate nominal value of the Firm Shares in CHF valued at the average exchange rate over the five business days immediately prior to the date of this Agreement) (such amount, the “Firm Shares Nominal Value”) to ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, the CEO of the Company who previously advanced such payment on behalf the Underwriters; and (ii) by way of a payment of $________ (corresponding to the aggregate Purchase Price of the Firm Units less the USD-equivalent of the Firm Shares Nominal Value) to the Company.