Common use of Delivery Against Payment Clause in Contracts

Delivery Against Payment. At the Offered Stock Closing, the Transferring Holder shall deliver to the Company or the Purchaser Stockholders, as the case may be, certificates representing the Offered Stock, free and clear of any liens or encumbrances and duly endorsed in blank or accompanied by duly executed forms of assignment, to be purchased by the Company or the Purchaser Stockholders, as the case may be, and the Company or the Purchaser Stockholders, as the case may be, shall pay to the Transferring Holder the purchase price for such Offered Stock by cashier's or certified check or by wire transfer of immediately available funds to an account designated by each such Transferring Holder.

Delivery Against Payment. At the Offered Stock Securities Closing, the Transferring Selling Holder shall deliver to the Company or the Purchaser Purchasing Stockholders, as the case may be, certificates representing the Offered StockSecurities, free and clear of any liens or encumbrances and duly endorsed in blank or accompanied by duly executed forms of assignment, to be purchased by the Company or the Purchaser Purchasing Stockholders, as the case may be, and the Company or the Purchaser Purchasing Stockholders, as the case may be, shall pay to the Transferring Selling Holder the purchase price for of such Offered Stock Securities by cashier's or certified check or by wire transfer of immediately available funds to an account designated by each such Transferring Selling Holder.