Common use of Closing of the Issuance Clause in Contracts

Closing of the Issuance. The closing of any purchase by any Preferred Member shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice. Upon the issuance or sale of any New Securities in accordance with this Section 9.01, the Company shall deliver the New Securities free and clear of any Liens (other than those arising hereunder and those attributable to the actions of the purchasers thereof), and the Company shall so represent and warrant to the purchasers thereof, and further represent and warrant to such purchasers that such New Securities shall be, upon issuance thereof to the Exercising Members and after payment therefor, duly authorized and validly issued. Each Exercising Member shall deliver to the Company the purchase price for the New Securities purchased by it by certified or bank check or wire transfer of immediately available funds. Each party to the purchase and sale of New Securities shall take all such other actions as may be reasonably necessary to consummate the purchase and sale, including entering into such additional agreements as may be necessary or appropriate, as determined by the Board.

Closing of the Issuance. The closing of any purchase by any Preferred Preemptive Member shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice. Upon the issuance or sale of any New Securities in accordance with this Section 9.013.07, the Company shall deliver the New Securities in certificated form, free and clear of any Liens liens (other than those arising hereunder and those attributable to the actions of the purchasers thereof), and the Company shall so represent and warrant to the purchasers thereof, and further represent and warrant to such purchasers that such New Securities shall be, upon issuance thereof to the Exercising Members such purchasers and after payment therefor, duly authorized and authorized, validly issued, fully paid and non-assessable. Each Exercising Preemptive Member shall deliver to the Company the purchase price for the New Securities purchased by it by certified or bank check or wire transfer of immediately available funds. Each party to the purchase and sale of New Securities shall take all such other actions as may be reasonably necessary to consummate the purchase and sale, sale including entering into such additional agreements as may be necessary or appropriate, as determined by the Board.

Closing of the Issuance. The closing of any purchase by any Preferred Member shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice. Upon the issuance or sale of any New Securities in accordance with this Section 9.012, the Company shall deliver to the Purchaser certificates (if any) evidencing the New Securities purchased by the Purchaser pursuant to the Participation Right, which New Securities shall be issued free and clear of any Liens liens (other than those arising hereunder and those attributable to the actions of the purchasers thereof), and the Company shall so represent and warrant to the purchasers thereofPurchaser, and further represent and warrant to such purchasers the Purchaser that such New Securities shall be, upon issuance thereof to the Exercising Members Purchaser and after payment therefor, duly authorized and authorized, validly issued, fully paid and non-assessable. Each Exercising Member The Purchaser shall deliver to the Company the purchase price for the New Securities purchased by it by certified or bank check or wire transfer of immediately available funds. Each party to the purchase and sale of New Securities shall take all such other actions as may be reasonably necessary to consummate the purchase and salesale including, including without limitation, entering into such additional agreements as may be necessary or appropriate, as determined by the Board.

Closing of the Issuance. The closing of any purchase by any Preferred Member shall be consummated concurrently with the consummation of the issuance or sale described in the Issuance Notice. Upon the issuance or sale of any New Securities to the Purchaser in accordance with this Section 9.0110, the Company shall deliver to the Purchaser(s) certificates (if any) evidencing the New Securities, which New Securities shall be issued free and clear of any Liens (other than those arising hereunder and those attributable to the actions of the purchasers thereof)Encumbrances, and the Company shall so represent and warrant to the purchasers thereofPurchaser(s), and further represent and warrant to such purchasers the Purchaser(s) that such New Securities shall be, upon issuance thereof to the Exercising Members Purchaser(s) and after payment therefor, duly authorized and authorized, validly issued, fully paid and non-assessable. Each Exercising Member The Purchaser(s) shall deliver to the Company the purchase price for the New Securities purchased by it by certified or bank check or wire transfer of immediately available funds. Each party to the purchase and sale of New Securities shall take all such other actions as may be reasonably necessary to consummate the purchase and salesale including, including without limitation, entering into such additional agreements as may be necessary or appropriate, as determined by the Board.