Common use of Deliveries and Actions at Closing Clause in Contracts

Deliveries and Actions at Closing. Closing shall take place on the Closing Date at the registered office of the Company. At Closing: (a) the Seller shall execute, duly stamped share transfer forms pertaining to the Sale Shares and the Seller shall deliver the original share certificates representing the Sale Shares along with the duly executed and stamped share transfer forms to the Company; (b) the Purchaser shall remit the Purchase Consideration to the bank account of the Seller in accordance with the remittance instructions provided by the Seller pursuant to Clause 2.2; and (c) the Company shall hold a meeting of its board of directors, at which meeting the board shall record the transfer of the Sale Shares from the Seller to the Purchaser and the Company shall incorporate the name of the Purchaser as the holder of the Sale Shares in the Company’s register of members.

Appears in 5 contracts

Samples: Share Purchase Agreement, Share Purchase Agreement, Share Purchase Agreement

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