Common use of Third Tranche Closing Clause in Contracts

Third Tranche Closing. On the Third Tranche Closing Date, subject to mutual consent of the parties, and subject to the satisfaction of the terms and conditions set forth herein, the Company agrees to sell, and the Investor agrees to purchase, an aggregate of up to $2,000,000 of Principal Amount of the Third Tranche Prepaid Advance (or such lesser amount as the parties may mutually agree) for a Subscription Amount of up to $1,840,000. The Investor shall deliver to the Company, via wire transfer, immediately available funds equal to the Investor’s Subscription Amount as to the Third Tranche Closing as set forth on the signature page hereto executed by the Investor, and the Company shall deliver to the Investor its Prepaid Advance, and the Company and the Investor shall deliver the other items set forth in Section 2.2 deliverable at the Third Tranche Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, but only to the extent the Company shall also previously complied with all Transaction Documents prior to and as of the Third Tranche Closing Date, the Third Tranche Closing shall occur remotely by electronic transfer of applicable Transaction Documents.

Third Tranche Closing. On the Third Tranche Closing Date, subject to mutual consent of the parties, and subject to the satisfaction of the terms and conditions set forth herein, the Company agrees to sell, and the Investor agrees to purchase, an aggregate of up to $2,000,000 3,000,000 of Principal Amount of the Third Tranche Prepaid Advance Note (or such lesser amount as the parties may mutually agree) for a Subscription Amount of up to $1,840,000). The Investor shall deliver to the Company, via wire transfer, immediately available funds equal to the Investor’s Subscription Amount as to the Third Tranche Closing as set forth on the signature page hereto executed by the Investor, and the Company shall deliver to the Investor its Prepaid AdvanceNote, and the Company and the Investor shall deliver the other items set forth in Section 2.2 deliverable at the Third Tranche Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, but only to the extent the Company shall also previously complied with all Transaction Documents prior to and as of the Third Tranche Closing Date, the Third Tranche Closing shall occur remotely by electronic transfer of applicable Transaction Documents.