Common use of Issue and Subscription Clause in Contracts

Issue and Subscription. 2.1 On the terms and subject to the conditions of this Agreement, the Issuer agrees to issue the Debenture to the Purchaser and the Purchaser agrees to subscribe and pay for the aggregate principal amount of the Debenture on, in each case, the Closing Date at the Issue Price. 2.2 The Guarantor, pursuant to the terms of the Guarantee, agrees to guarantee all payments in respect of the Debenture and, pursuant to the terms of the Deed Poll, to procure the fulfilment of the conversion rights and share exchange rights in respect of the Debenture and the Preference Shares, subject to, and in accordance with, the Articles of the Issuer, and to guarantee all payments in respect of the Preference Shares.