Disbursement

Clause

Clause Information


Disbursement. On the Closing Date, assuming all of the terms and conditions set forth in Section 3.2 have been satisfied by the Company and the Company has executed and delivered to each Purchaser this Agreement and the other related documents and certificates contemplated by Sections 3.2.1(b) and (c), each in form and substance reasonably satisfactory to Purchasers, each Purchaser shall disburse the Note Amount set forth on Purchaser's signature page hereto to the Company in immediately available funds in exchange for a Note with a principal amount equal to such Note Amount (the "Disbursement"). The Company will deliver to the respective Purchaser one or more Notes purchased by the Purchaser, in definitive form (or provide evidence of the same with the original to be delivered by the Company by overnight delivery on the next calendar day in accordance with the delivery instructions of Purchaser), registered in such names and denominations (subject to the minimum and incremental limitations set forth in the Notes) as each Purchaser may request.

Clause Category:Disbursement

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