Common use of Instructions Applicable to Escrow Agent Clause in Contracts

Instructions Applicable to Escrow Agent. Upon the Escrow Agent's receipt of a properly completed Conversion Notice and/or the Exercise Notice, the Escrow Agent shall, within one (1) Trading Day thereafter, send to the Transfer Agent a Conversion Notice and/or the Exercise Notice in the form attached hereto as Exhibit ------- I, which shall constitute an irrevocable instruction to the - Transfer Agent to process such Conversion Notice in accordance with the terms of these instructions. The Transfer Agent shall not process such Conversion Notice to the extent the Company has delivered a written objection delivered in good faith by the Company as to only the calculation of the Conversion Shares to the Transfer Agent and the Escrow Agent.

Instructions Applicable to Escrow Agent. Upon the Escrow Agent's receipt of a properly completed Conversion Notice and/or the Exercise Notice, the Escrow Agent shall, within one (1) Trading Day thereafter, send to the Transfer Agent a Conversion Notice and/or the Exercise Notice in the form attached hereto as Exhibit ------- I, which shall constitute an --------- irrevocable instruction to the - Transfer Agent to process such Conversion Notice in accordance with the terms of these instructions. The Transfer Agent shall not process such Conversion Notice to the extent the Company has delivered a written objection delivered in good faith by the Company as to only the calculation of the Conversion Shares to the Transfer Agent and the Escrow Agent.