Common use of Issuance of Subscription Shares Clause in Contracts

Issuance of Subscription Shares. On the terms and conditions set forth herein, each Investor is subscribing for and offering to purchase or exchange for, as applicable, the number of validly issued, fully paid and nonassessable shares of par value US$0.01 per share (“Shares”) of the Company set forth opposite the name of such Investor on Schedule I hereto under the heading “Shares,” for an amount in U.S. dollars set forth opposite the name of such Investor in Schedule I hereto under the heading “Purchase Consideration” (the “Purchase Consideration”). Each Investor agrees to pay to Company upon execution of this Agreement, by wire transfer in immediately available funds, the Purchase Consideration pursuant to instructions given by the Company in writing to such Investor at least three (3) Business Days prior to the date hereof. The Purchase Consideration shall be used by the Company to, directly or indirectly, pay the Purchase Shares Purchase Price and the costs and expenses in connection with the purchase of the Purchased Shares. The Shares shall be issued and allotted to each Investor as set forth opposite the name of such Investor on Schedule I hereto by the Company, credited as fully paid, on the date hereof following the payment of the Purchase Consideration by such Investor.

Issuance of Subscription Shares. On the terms and conditions set forth herein, each Investor is subscribing for and offering to purchase or exchange for, as applicable, the number of validly issued, fully paid and nonassessable shares of par value US$0.01 per share (“Shares”) of the Company set forth opposite the name of such Investor on Schedule I hereto under the heading “Shares,” for an amount in U.S. dollars set forth opposite the name of such Investor in Schedule I hereto under the heading “Purchase Consideration” (the “Purchase Consideration”). Each Investor agrees to pay to Company upon execution of this Agreement, by wire transfer in immediately available funds, the Purchase Consideration pursuant to instructions given by the Company in writing to such Investor at least three (3) Business Days prior to the date hereof. The Purchase Consideration shall be used by the Company to, directly or indirectly, pay the Purchase Shares Note Purchase Price and the costs and expenses in connection with the purchase of the Purchased SharesNote. The Shares shall be issued and allotted to each Investor as set forth opposite the name of such Investor on Schedule I hereto by the Company, credited as fully paid, on the date hereof following the payment of the Purchase Consideration by such Investor.