Common use of Initial Tranche Clause in Contracts

Initial Tranche. Subject to the terms and conditions set forth herein, the Closing of the Initial Tranche shall occur no later than five (5) Business Days following the date that the Registration Condition shall have been met in respect of the Investor Shares issuable in respect of the Notes and Warrants to be issued in the Initial Tranche.

Initial Tranche. Subject to the terms and conditions set forth herein, the Closing Date of the Initial Tranche shall occur be no later than five (5) Business Days following after the date that the Registration Condition shall have been met in respect satisfaction of the Investor Shares issuable conditions to the Closing set forth in respect of the Notes and Warrants Sections 2(c)(ii) below (other than conditions that by their nature are to be issued satisfied at the Closing, but subject to the satisfaction or, to the extent permissible, waiver of those conditions), or at such other date and location as may be agreed in writing by the Initial TrancheCompany and the Purchaser.