Common use of CLOSING ON STOCK SALES Clause in Contracts

CLOSING ON STOCK SALES. The acceptance of any offer or exercise of any right to purchase hereunder shall be by notice given in accordance with Section 7.2 and shall specify a date of closing not earlier than 10 business days nor later than 15 business days after the delivery (or deemed delivery) of such notice. At the closing, the purchaser shall pay the purchase price by certified or bank check drawn on immediately available funds and payable to the order of the Selling Stockholder. Certificates for the Shares to be purchased, duly endorsed or accompanied by duly executed stock powers, in each case with signatures guaranteed, if reasonably requested by the purchaser, shall be delivered at the closing by the Selling Stockholder. In addition, the purchaser may reasonably request waivers of any tax liens and evidence of good title and authority of any representative before tendering payment.

Appears in 1 contract

Samples: Stockholders Agreement (Digital Commerce Corp)

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CLOSING ON STOCK SALES. The acceptance of any offer or exercise of any right to purchase hereunder shall be by notice given in accordance with Section 7.2 6.2 and shall specify a date of closing not earlier than 10 business days nor later than 15 business days after the delivery (or deemed delivery) receipt of such notice. At the closing, the purchaser shall pay the purchase price by certified or bank check drawn on immediately available funds and payable to the order of the Selling Stockholder. Certificates for the Restricted Shares to be purchased, duly endorsed or accompanied by duly executed stock powers, in each case with signatures guaranteed, if reasonably requested by the purchaser, shall be delivered at the closing by the Selling Stockholderseller. In addition, the purchaser may reasonably request waivers of any tax liens and evidence of good title and authority of any representative before tendering payment.

Appears in 1 contract

Samples: Restriction and Voting Agreement (O Ray Holdings Inc)

CLOSING ON STOCK SALES. The acceptance of any offer or exercise of any right to purchase hereunder shall be by notice given in accordance with Section 7.2 and shall specify a date of closing not earlier than 10 ten (10) business days nor later than 15 fifteen (15) business days after the delivery (or deemed delivery) receipt of such notice. At the closing, the purchaser shall pay the purchase price by certified or bank check drawn on immediately available funds and payable to the order of the Selling Stockholder. Certificates for the Restricted Shares to be purchased, duly endorsed or accompanied by duly executed stock powers, in each case with signatures guaranteed, if reasonably requested by the purchaser, shall be delivered at the closing by the Selling Stockholder. In addition, the purchaser may reasonably request waivers of any tax liens and evidence of good title and authority of any representative before tendering payment.

Appears in 1 contract

Samples: Employment Agreement (Medical Industries of America Inc)

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CLOSING ON STOCK SALES. The acceptance of any offer or exercise of any right to purchase hereunder shall be by notice given in accordance with Section 7.2 and shall specify a date of closing not earlier than 10 business days nor later than 15 business days after the delivery (or deemed delivery) receipt of such notice. At the closing, the purchaser shall pay the purchase price by certified or bank check drawn on immediately available funds and payable to the order of the Selling Stockholder. Certificates for the Restricted Shares to be purchased, duly endorsed or accompanied by duly executed stock powers, in each case with signatures guaranteed, if reasonably requested by the purchaser, shall be delivered at the closing by the Selling Stockholderseller. In addition, the purchaser may reasonably request waivers of any tax liens and evidence of good title and authority of any representative before tendering payment.

Appears in 1 contract

Samples: Stockholders' Agreement (Physician Health Corp)

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