Common use of Closing Account Clause in Contracts

Closing Account. Payment of the Purchase Price by the Purchaser to the Company shall be made by remittance of immediately available US$ funds to a bank account designated by the Company in writing at least three (3) Business Days before the Closing (the “Closing Account”). All bank charges and related expenses for remittance and receipt of any Purchase Price shall be for the account of the Company.

Appears in 2 contracts

Samples: Securities Purchase Agreement (TuSimple Holdings Inc.), Securities Purchase Agreement (TuSimple Holdings Inc.)

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Closing Account. Payment of the Purchase Price by the a Purchaser to the Company shall be made by remittance of immediately available US$ funds to a bank account of the Company designated by the Company in writing at least three (3) Business Days before the Closing (the “Closing Account”)with respect to such Purchaser. All bank charges and related expenses for remittance and receipt of any Purchase Price shall be for the account of the Company.

Appears in 1 contract

Samples: Series E Preferred Share Purchase Agreement (TuSimple Holdings Inc.)

Closing Account. Payment of the Purchase Price by the each Purchaser to the Company shall be made by remittance of immediately available US$ funds to a bank account designated by the Company in writing at least three (3) Business Days before the Closing (the “Closing Account”). All bank charges and related expenses for remittance and receipt of any Purchase Price shall be for the account of the Company.

Appears in 1 contract

Samples: Series D 1 Preferred Share Purchase Agreement (TuSimple Holdings Inc.)

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Closing Account. Payment of the Purchase Price by the Purchaser to the Company shall be made by remittance of immediately available US$ funds to a bank account of the Company designated by the Company in writing at least three (3) Business Days before the Closing (the “Closing Account”)Closing. All bank charges and related expenses for remittance and receipt of any Purchase Price shall be for the account of the Company.

Appears in 1 contract

Samples: Series E 2 Preferred Stock Purchase Agreement (TuSimple Holdings Inc.)

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