Common use of Closing of Drag-Along Sale Clause in Contracts

Closing of Drag-Along Sale. (a) At the closing of such Drag-Along Sale, each of the Drag-Along Stockholders shall deliver certificates evidencing the Company Equity Securities then held by it and to be sold or cancelled in connection with such sale, duly endorsed for transfer or accompanied by stock powers executed in blank, against payment of the purchase price therefor by wire transfer to the account or accounts specified by such Drag-Along Stockholder.

Closing of Drag-Along Sale. (a) At or prior to the closing of such a Drag-Along Sale, each of the Drag-Along Stockholders shall deliver to the Drag-Along Transferee certificates evidencing representing the Company Equity Drag-Along Securities then held by it and to be sold or cancelled in connection with such saleconveyed, duly endorsed for transfer or accompanied by stock powers or other appropriate instruments of transfer duly executed in blank, free and clear of all liens, encumbrances, security interests, adverse claims or other restrictions (other than those created by this Agreement), against payment of delivery by the purchase price therefor by wire transfer to the account or accounts specified by such Drag-Along StockholderTransferee of the consideration for the Drag-Along Securities.

Closing of Drag-Along Sale. (ai) At the closing of such Drag-Along Sale, if the Company Interests are certificated and if so requested by the Dragging Members, each of the Drag-Along Stockholders Members shall deliver certificates evidencing the Company Equity Securities Interests then held by it and which are to be sold or cancelled in connection with such sale, duly endorsed for transfer or accompanied by stock interest powers executed in blank, against payment of the purchase price therefor by check or wire transfer to the account or accounts specified by such Drag-Along StockholderMember.