Common use of Closing of the Exchange Clause in Contracts

Closing of the Exchange. (a) On the Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to issue, and the Holder agree to acquire the Note in exchange for the Exchanged Note. (b) The Company and Holder shall also deliver the other items set forth in Section 2.2 deliverable at the Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Closing shall occur at the offices of G&M or such other location or by remote exchange of electronic documentation as the parties shall mutually agree.

Closing of the Exchange. (a) On the Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to issue, and the Holder Holders agree to acquire the Note New Securities in exchange for the Exchanged NoteSurrendered Securities. (b) The Company and Holder Holders shall also deliver the other items set forth in Section 2.2 deliverable at the Closing. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Closing shall occur at the offices of G&M or such other location or by remote exchange of electronic documentation as the parties shall mutually agree.