Common use of Obligations of the Subscriber Clause in Contracts

Obligations of the Subscriber. On each Issue Date, the Subscriber shall: (a) against compliance with Article 5.1(a) and 5.1(b) above by the Issuer, pay (or procure to be paid) the Subscription Price by electronic wire transfer to the bank account designated by the Issuer by notice in writing delivered to the Subscriber at least five (5) Business Days prior to the Issue Date. Evidence of such payment shall be satisfied by the delivery to the Issuer of an irrevocable wiring instruction giving effect to the above, and (b) execute and deliver to the Issuer a Subscription Notice; or (c) on each Conversion Date execute and deliver to the Issuer a Conversion Notice.

Obligations of the Subscriber. On each Issue Date, the Subscriber shall: (a) against compliance with Article 5.1(a) and 5.1(b) above by the IssuerIssuer and except as regards the Replacement Tranche (which shall be paid as provided in Article 2.3.3), pay (or procure to be paid) the Subscription Price by electronic wire transfer to the bank account designated by the Issuer by notice in writing delivered to the Subscriber at least five (5) Business Days prior to the Issue Date. Evidence of such payment shall be satisfied by the delivery to the Issuer of an irrevocable wiring instruction giving effect to the above, and (b) execute and deliver to the Issuer a Subscription Notice; or (c) on each Conversion Date execute and deliver to the Issuer a Conversion Notice.