Second Option Premium Clause Samples

Second Option Premium. On or prior to 5:00 p.m. Eastern Time on the Business Day immediately following the final VWAP Trading Day of the First Reference Period (or the first Altered Reference Period, if earlier), the Issuer shall pay to each Subscriber in immediately available funds in USD such Subscriber’s allocation of the Second Option Premium as set forth in Schedule B by wire transfer to the account(s) to be confirmed by the Subscribers.