Common use of Closing Payment Clause in Contracts

Closing Payment. The closing of the sale to, and purchase by, the Purchasers of the Shares (the “Closing”) shall occur on the date of this Agreement (the “Closing Date”). On the Closing Date, the Seller shall deliver to the Company’s transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to each Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in each Purchaser’s name. On the Closing Date, the Purchasers will deliver to the Seller a check(s) or wire transfer(s) in the amount of $69,832.36, against delivery of the certificates for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Great Lakes Aviation LTD), Stock Purchase Agreement (Great Lakes Aviation LTD)

AutoNDA by SimpleDocs

Closing Payment. The closing of the sale to, and purchase by, the Purchasers Purchaser of the Shares (the “Closing”) shall occur on the date of this Agreement (the “Closing Date”). On the Closing Date, the Seller shall deliver to the Company’s transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to each the Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in each the Purchaser’s name. On the Closing Date, the Purchasers Purchaser will deliver to the Seller a check(s) check or wire transfer(s) transfer in the amount of $69,832.3647,617.68., against delivery of the certificates certificate for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Voss Douglas G), Stock Purchase Agreement (Brandt Gayle R)

Closing Payment. The closing of the sale to, and purchase by, the Purchasers Purchaser of the Shares (the “Closing”) shall occur on the date of this Agreement (the “Closing Date”). On the Closing Date, the Seller shall deliver to the Company’s transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to each Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in each Purchaser’s name. On the Closing Date, the Purchasers Purchaser will deliver to the Seller a check(s) or wire transfer(s) in the amount of $69,832.3649,999.11, against delivery of the certificates for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Great Lakes Aviation LTD), Stock Purchase Agreement (Great Lakes Aviation LTD)

AutoNDA by SimpleDocs

Closing Payment. The closing of the sale to, and purchase by, the Purchasers Purchaser of the Shares (the "Closing") shall occur on the date of this Agreement (the "Closing Date"). On the Closing Date, the Seller shall deliver to the Company’s 's transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to each the Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in each the Purchaser’s 's name. On the Closing Date, the Purchasers Purchaser will deliver to the Seller a check(s) check or wire transfer(s) transfer in the amount of $69,832.3649,999.77, against delivery of the certificates certificate for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Brandt Gayle R), Stock Purchase Agreement (Great Lakes Aviation LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!