Common use of CLOSING OF MANDATORY PURCHASE AND SALE Clause in Contracts

CLOSING OF MANDATORY PURCHASE AND SALE. The closing (the "MANDATORY PURCHASE CLOSING") of the Mandatory Purchase and Sale shall take place at the offices of the legal counsel to the Purchaser on the Designated Closing Date. At the Closing, the Seller shall deliver to the Purchaser the stock certificates evidencing the Seller's Securities, duly endorsed, in proper form, for transfer to the Purchaser. At the Closing, the Purchaser shall also have the right to acquire all other Company Shares owned by any other Securityholder for the per share price reflected in the Mandatory Aggregate Offer Price and upon the Other Mandatory Material Terms.

Appears in 2 contracts

Samples: Joint Venture and Securityholders Agreement (Worldport Communications Inc), Joint Venture and Securityholders Agreement (Heisley Michael E Et Al)

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CLOSING OF MANDATORY PURCHASE AND SALE. The closing (the "MANDATORY PURCHASE CLOSINGMandatory Purchase Closing") of the Mandatory Purchase and Sale shall take place at the offices of the legal counsel to the Purchaser on the Designated Closing Date. At the Closing, the Seller shall deliver to the Purchaser the stock certificates evidencing the Seller's Securities, duly endorsed, in proper form, for transfer to the Purchaser. At the Closing, the Purchaser shall also have the right to acquire all other shares of Company Shares Common Stock owned by any other Securityholder Stockholder for the per share price reflected in the Mandatory Aggregate Offer Price and upon the Other Mandatory Material Terms.

Appears in 2 contracts

Samples: Stockholders Agreement (Heisley Michael E Et Al), Stockholders Agreement (Worldport Communications Inc)

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