Closing of Option Exercise. The closing of the exercise of the Option shall take place at the offices of ENBC at 9:00 A.M., local time, on the fifth business day after the date of the notice of such exercise referred to in Section 1.2, or, if later, the second business day after the satisfaction or waiver of all other conditions to the exercise of the Option provided for in Articles 5.0 and 6.0 hereof. Throughout this Agreement, such event is referred to as "Closing" and such date and time are referred to as "Closing Date".
Closing of Option Exercise. 4 1.8 Procedure at each Closing................................................... 4 Article 2.0 Representations and Warranties of Supplier and the Members............... 5
Closing of Option Exercise. The closing for the purchase by Outback pursuant to this SECTION 7.11 shall be held at 10:00 a.m. at the principal office of Company no later than thirty (30) days after the determination of the initial payment, except that if the closing date falls on a Saturday, Sunday, or legal holiday, then the closing shall be held on the next succeeding business day. At the closing, the selling Member(s) shall deliver to Outback an instrument of transfer (containing warranties of title and no encumbrances) conveying the Percentage Interest(s) sold. The selling Member(s) and Outback shall do all things and execute and deliver all papers as may be necessary fully to consummate such sale and purchase in accordance with the terms and provisions of this Agreement.
Closing of Option Exercise. The purchase price payable by HXBM or Camden pursuant to Section 9.9(a) or (b), respectively, shall be paid in cash at such time as the parties agree, or otherwise within 90 days following receipt by the other party of a written exercise notice delivered in connection therewith.
Closing of Option Exercise. Upon each Option Closing Date the following shall occur:
Closing of Option Exercise. Upon receipt of the deliveries described in Sections 9.4 and 9.5, Escrow Holder shall perform the following:
Closing of Option Exercise. (a) Each closing of a purchase of Option Shares pursuant to the exercise of the Option (a "Closing") shall occur on a date and at a time, prior to the termination of the Option pursuant to Section 4 hereof, designated by Parent in an Exercise Notice delivered to the Company at least two (2) business days prior to the date of such Closing, which Closing shall be held at the principal offices of the Company. Subject to the terms of Section 3(b) hereof, at any Closing, the Company shall deliver to Parent a single certificate in definitive form representing the number of Company Shares designated by Parent in its Exercise Notice, such certificate to be registered in the name of Parent and to bear the legend set forth in Section 10 hereof, against payment by Parent to the Company of the aggregate purchase price in cash for the Company Shares so designated and being purchased at such Closing by delivery of a certified check or bank check, or wire transfer of immediately available funds to an account designated by the Company in writing.
Closing of Option Exercise. (a) Each closing of a purchase of Option Shares pursuant to the exercise of the Option (a "Closing") shall occur on a date and at a time, prior ------- to the termination of the Option pursuant to Section 4 hereof, designated by --------- Parent in an Exercise Notice delivered to the Company at least two (2) business days prior to the date of such Closing, which Closing shall be held at the principal offices of the Company. Subject to the terms of Section 3(b) hereof, ------------ at any Closing, the Company shall deliver to Parent a single certificate in definitive form representing the number of Company Shares designated by Parent in its Exercise Notice, such certificate to be registered in the name of Parent and to bear the legend set forth in Section 10 hereof, against payment by Parent ---------- to the Company of the aggregate purchase price in cash for the Company Shares so designated and being purchased at such Closing by delivery of a certified check or bank check, or wire transfer of immediately available funds to an account designated by the Company in writing.
Closing of Option Exercise. Upon the giving of any Call Notice, the parties shall promptly determine either the First Call Price or Second Call Price, as applicable, pursuant to Section 5. The closing of the purchase and sale contemplated by Sections 4.1 and 4.2 shall be held at 10:00 a.m., on a date within ninety (90) days after the Call Notice is given, provided that in the event the First Call Price or Second Call Price has not been determined within ninety (90) days after the Call Notice is given, then the closing shall be held as soon as reasonably practicable after determination of the First Call Price or Second Call Price, as applicable. At the closing, any Shareholder selling his Shares shall deliver to Numerex certificates for the Shares owned by such Shareholder, duly endorsed for transfer, and Numerex shall pay the First Call Price or the Second Call Price, as applicable, to such Shareholder by certified check or wire transfer in accordance with the terms set forth in Section 6.
Closing of Option Exercise. (a) The Option Closing shall take place upon the expiration of the applicable Notice Period. All transactions contemplated herein to occur on and as of the Option Closing shall be deemed to have occurred simultaneously and to be effective as of 12:01 a.m. New York City time on such date (the “Option Closing Date”).
