Common use of Closing of Sale Clause in Contracts

Closing of Sale. Each holder of Purchaser Shares electing to participate in a sale described in any Notice of Sale shall deliver to the purchaser specified in such Notice of Sale, against payment of the total purchase price for the Issuable Shares to be purchased (at the price per share specified in such Notice of Sale), on the closing date specified in such Notice of Sale, a certificate or certificates representing the number of Issuable Shares which it has elected to sell (net of any reduction pursuant to Section 1.4), together with appropriate instruments of transfer duly endorsed in blank.

Appears in 2 contracts

Samples: Stockholders Agreement (Scharf Micheal J), Stockholders Agreement (Niagara Corp)

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Closing of Sale. Each holder of Purchaser Shares electing to participate in a sale described in any Notice of Sale shall deliver to the purchaser specified in such Notice of Sale, against payment of the total purchase price for the Issuable Shares to be purchased (at the price per share specified in such Notice of Sale), on the closing date specified in such Notice of Sale, a certificate or certificates representing the number of Issuable Shares which it has elected to sell (net of any reduction pursuant to Section 1.4)) pursuant to this Section 1, together with appropriate instruments of transfer duly endorsed in blank.

Appears in 1 contract

Samples: Stockholders Agreement (Marketing Specialists Corp)

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Closing of Sale. Each holder of Purchaser Warrant Shares electing to participate in a sale described in any Notice of Sale shall deliver to the purchaser specified in such Notice of Sale, against payment of the total purchase price for the Issuable Warrant Shares to be purchased (at the price per share specified in such Notice of Sale), on the closing date specified in such Notice of Sale, a certificate or certificates representing the number of Issuable Warrant Shares which it has elected to sell (net of any reduction pursuant to the applicable paragraph of Section 1.4)3.4) pursuant to this Section 3, together with appropriate instruments of transfer duly endorsed in blank.

Appears in 1 contract

Samples: Shareholders Agreement (Hutchinson Products Corp)

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