Common use of Transaction Structure Clause in Contracts

Transaction Structure. (a) Upon the execution hereof, the Investor shall acquire from the Company Notes in the aggregate principal amount of $23,333.33 and Warrants exercisable for an aggregate of 34,314 Warrant Shares in exchange for $23,333.33. (b) On each of September 1, 2004, October 1, 2004, November 1, 2004, December 1, 2004, January 1, 2005, and February 1, 2005 (the date hereof, as well as each such date, a "CLOSING DATE"), the Investor shall acquire from the Company Notes in the aggregate principal amount of $25,000.00 and Warrants exercisable for an aggregate of 36,765 Warrant Shares in exchange for $25,000.00. (c) If any Closing Date falls on a day that is not a Business Day (as defined below), the closing scheduled to take place on such Closing Date will be made on the next succeeding Business Day with the same force and effect as if made on the Closing Date. "BUSINESS DAY" means any day which is not a Saturday or Sunday and is not a day on which banking institutions are generally authorized or obligated to close in the City of New York, New York.

Transaction Structure. (a) Upon the execution hereof, the Investor shall acquire from the Company Notes in the aggregate principal amount of $23,333.33 11,666.67 and Warrants exercisable for an aggregate of 34,314 17,157 Warrant Shares in exchange for $23,333.3311,666.67. (b) On each of September 1, 2004, October 1, 2004, November 1, 2004, December 1, 2004, January 1, 2005, and February 1, 2005 (the date hereof, as well as each such date, a "CLOSING DATE"), the Investor shall acquire from the Company Notes in the aggregate principal amount of $25,000.00 12,500.00 and Warrants exercisable for an aggregate of 36,765 18,383 Warrant Shares in exchange for $25,000.0012,500.00. (c) If any Closing Date falls on a day that is not a Business Day (as defined below), the closing scheduled to take place on such Closing Date will be made on the next succeeding Business Day with the same force and effect as if made on the Closing Date. "BUSINESS DAY" means any day which is not a Saturday or Sunday and is not a day on which banking institutions are generally authorized or obligated to close in the City of New York, New York.

Transaction Structure. (a) Upon the execution hereof, the Investor shall acquire from the Company Notes in the aggregate principal amount of $23,333.33 35,020 and Warrants exercisable for an aggregate of 34,314 51,471 Warrant Shares in exchange for $23,333.3335,020. (b) On each of September 1, 2004, October 1, 2004, November 1, 2004, December 1, 2004, January 1, 2005, and February 1, 2005 (the date hereof, as well as each such date, a "CLOSING DATE"), the Investor shall acquire from the Company Notes in the aggregate principal amount of $25,000.00 19,166.66 and Warrants exercisable for an aggregate of 36,765 28,187 Warrant Shares in exchange for $25,000.0019,166.66. (c) If any Closing Date falls on a day that is not a Business Day (as defined below), the closing scheduled to take place on such Closing Date will be made on the next succeeding Business Day with the same force and effect as if made on the Closing Date. "BUSINESS DAY" means any day which is not a Saturday or Sunday and is not a day on which banking institutions are generally authorized or obligated to close in the City of New York, New York.