Brokerage Account. The Company must have a brokerage account with the Underwriter prior to the date on which the Company delivers a Capital Demand Notice, into which account the proceeds of any sale of Common Stock, net of any amounts payable under Section 2.4(d), shall be deposited.
Appears in 3 contracts
Samples: Common Stock Underwriting Agreement (Axonyx Inc), Common Stock Underwriting Agreement (Onyx Software Corp/Wa), Common Stock Underwriting Agreement (Triangle Pharmaceuticals Inc)
Brokerage Account. The Company must have a brokerage account with the Underwriter prior to the date on which the Company delivers a Capital Demand Notice, into which account the proceeds of any sale of Common Stock, net of any amounts payable under Section 2.4(d), shall be deposited. The Company may request that money be wired to any account it specifies at any time; provided, however, that the Underwriter shall not be obligated to wire monies more often than once per 10 Trading Day period.
Appears in 1 contract
Samples: Common Stock Underwriting Agreement (Mgi Pharma Inc)
