Common use of Closing Mechanics Clause in Contracts

Closing Mechanics. (i) One business day prior to the Closing, the Company will contact the contact person for each Purchaser listed on Schedule A hereto to confirm the closing mechanics set forth herein. (ii) At least one business day prior to the Closing Date, the Company will deliver to Sonfield & Sonfield, 0000 Xxxxxxxx, 0xx xxxxx, Xxxxxxx, Xxxxx 00000, attention: Xxxxxxxx Xxxxx, counsel to the Company, duly executed certificates for the Common Stock, registered in the Purchasers’ name(s) set forth on Schedule A hereto. The Company’s counsel shall hold such certificates in escrow for the benefit of the Company until released by the Company for issuance and sale as provided in Section 1(c)(iii). (iii) Each Purchaser will pay its Investment Amount to the Company as required by Section 1(b), upon receipt of which, and in connection with the release of the Investment Amount from the Escrow Account to the Company, the Company will deliver or cause to be delivered to each Purchaser the Common Stock to be purchased by such Purchaser at the address specified on Schedule A hereto.

Appears in 5 contracts

Samples: Stock Purchase Agreement (StemGen, Inc.), Stock Purchase Agreement (StemGen, Inc.), Stock Purchase Agreement (StemGen, Inc.)

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Closing Mechanics. (i) One business day prior to the Closing, the Company will contact the contact person for each Purchaser listed on Schedule A hereto to confirm the closing mechanics set forth herein. (ii) At least one business day prior to the Closing Date, the Company will deliver to Sonfield & Sonfield, 0000 Xxxxxxxx, 0xx xxxxx, Xxxxxxx, Xxxxx 00000, attention: Xxxxxxxx Xxxxx, counsel to the Company, duly executed certificates for the Common Stock, registered in the Purchasers’ name(s) set forth on Schedule A hereto. The Company’s counsel shall hold such certificates in escrow for the benefit of the Company until released by the Company for issuance and sale as provided in Section 1(c)(iii). (iii) Each Purchaser will pay its Investment Amount to the Company as required by Section 1(b)) , upon receipt of which, and in connection with the release of the Investment Amount from the Escrow Account to the Company, the Company will deliver or cause to be delivered to each Purchaser the Common Stock to be purchased by such Purchaser at the address specified on Schedule A hereto.

Appears in 3 contracts

Samples: Stock Purchase Agreement (StemGen, Inc.), Stock Purchase Agreement (StemGen, Inc.), Stock Purchase Agreement (StemGen, Inc.)

Closing Mechanics. (i) One business day prior to the Closing, the Company Agents will contact the contact person for each Purchaser listed on Schedule A hereto to confirm the closing mechanics set forth herein. (ii) At least one business day prior to the Closing Date, the Company will deliver to Sonfield & SonfieldProskauer Rose LLP (Eleven Xxxxx Xxxxxx, 0000 XxxxxxxxXX, 0xx xxxxx, Xxxxxxx, Xxxxx XX 00000, attention: Xxxxxxxx Attention Xxxxx Xxxxx, Esq.), counsel to the CompanyAgents, duly executed certificates for the Common StockShare Units, registered in the Purchasers’ name(s) set forth on Schedule A hereto. The Company’s Agents’ counsel shall hold such certificates in escrow for the benefit of the Company until released by the Company for issuance and sale as provided in Section 1(c)(iii). (iii) Each Purchaser will pay its Investment Amount to the Company Escrow Account as required by Section 1(b), upon receipt of which, and in connection with the release of the Investment Amount from the Escrow Account to the Company, the Company Agents will deliver or cause to be delivered to each Purchaser the Common Stock Share Units to be purchased by such Purchaser at the address specified on Schedule A hereto.

Appears in 1 contract

Samples: Stock Unit Purchase Agreement (Platinum Pressure Pumping, Inc.)

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Closing Mechanics. (i) One business day prior to the Closing, the Company will contact the contact person for each Purchaser listed on Schedule A hereto to confirm the closing mechanics set forth herein. (ii) At least one business day prior to the Closing Date, the Company will deliver to Sonfield & Sonfield, 0000 Xxxxxxxx, 0xx xxxxx, Xxxxxxx, Xxxxx 00000, attention: Xxxxxxxx Xxxxx, counsel to the Company, duly executed certificates for the Common Stock, registered in the Purchasers' name(s) set forth on Schedule A hereto. The Company’s 's counsel shall hold such certificates in escrow for the benefit of the Company until released by the Company for issuance and sale as provided in Section 1(c)(iii). (iii) Each Purchaser will pay its Investment Amount to the Company as required by Section 1(b)) , upon receipt of which, and in connection with the release of the Investment Amount from the Escrow Account to the Company, the Company will deliver or cause to be delivered to each Purchaser the Common Stock to be purchased by such Purchaser at the address specified on Schedule A hereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (StemGen, Inc.)

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