Common use of DELIVERY AGAINST PAYMENT Clause in Contracts

DELIVERY AGAINST PAYMENT. At the Offered Securities Closing, the Selling Holder shall deliver to the Company or the Purchasing Stockholders, as the case may be, certificates representing the Offered Securities, 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 Purchasing Stockholders, as the case may be, and the Company or the Purchasing Stockholders, as the case may be, shall pay to the Selling Holder the purchase price of such Offered Securities by cashier's or certified check or by wire transfer of immediately available funds to an account designated by each such Selling Holder.

DELIVERY AGAINST PAYMENT. At the Offered Securities Stock Closing, the Selling Transferring Holder shall deliver to the Company or the Purchasing Purchaser Stockholders, as the case may be, certificates representing the Offered SecuritiesStock, 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 Purchasing Purchaser Stockholders, as the case may be, and the Company or the Purchasing Purchaser Stockholders, as the case may be, shall pay to the Selling Transferring Holder the purchase price of for such Offered Securities Stock by cashier's or certified check or by wire transfer of immediately available funds to an account designated by each such Selling Transferring Holder.