Common use of Deliveries and Proceedings to Transfer Agent Clause in Contracts

Deliveries and Proceedings to Transfer Agent. On the Closing Date, the Company shall instruct Chase to accept instructions from Xxxxxxx Xxxxxxxxx, or her designee at Safeguard, for: (i) transmission to the Company's transfer agent, American Stock Transfer & Trust Company, of instructions for delivery of the SSP Shares purchased by Safeguard shareholders in the SSP; (ii) delivery to Safeguard or Safeguard Delaware of the SSP Shares not purchased by Safeguard shareholders; (iii) the return to Safeguard of any Safeguard Opus360 Shares that were not purchased in the SSP; and (iv) delivery of the subscription funds collected by Chase to the extent not paid to the Company, CompuCom and Xxxxxxxxx Xxxxxxxx at the Closing.

Appears in 2 contracts

Samples: Standby Stock Purchase Agreement (Opus360 Corp), Standby Stock Purchase Agreement (Opus360 Corp)

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