Common use of Delivery of and Payment for the Stock Clause in Contracts

Delivery of and Payment for the Stock. Delivery of and payment for the Stock shall be made at the office of Davix, Xxxxxx & Xtubxx XXX, 370 Xxxxxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, XX 00000, xx 9:00 A.M., Denver time, on the third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Selling Stockholder. This date and time are sometimes referred to as the "Delivery Date." On the Delivery Date, the Selling Stockholder shall deliver or cause to be delivered certificates representing the Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Selling Stockholder of the purchase price by wire transfer in immediately available funds to a bank account designated by the Selling Stockholder in writing to the Representatives. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Stock, the Selling Stockholder shall make the certificates representing the Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date. On the Delivery Date, the Selling Stockholder will pay, or cause to be paid, the commission payable on the Delivery Date to the Underwriters under the last paragraph of Section 3 by certified or official bank check or checks payable in New York Clearing House (next-day) funds.

Appears in 1 contract

Samples: Hs Resources Inc

AutoNDA by SimpleDocs

Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the office of Davix, Xxxxxx & Xtubxx XXX, 370 Xxxxxxxxxxx Xxxxxxx and Xxxxxx, Xxxxx 0000Chicago, Xxxxxx, XX 00000, xx Illinois at 9:00 A.M., Denver central time, on the third fourth full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Selling StockholderCompany. This Such date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Company and the Selling Stockholder Shareholders shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Company and the Selling Stockholder Shareholders of the purchase price by certified or official bank check or checks payable or wire transfer in immediately available funds to a bank account designated by the Selling Stockholder in writing to the Representatives(same-day) funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Company and the Selling Stockholder Shareholders shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the First Delivery Date. On the Delivery Date, the Selling Stockholder will pay, or cause to be paid, the commission payable on the Delivery Date to the Underwriters under the last paragraph of Section 3 by certified or official bank check or checks payable in New York Clearing House (next-day) funds.

Appears in 1 contract

Samples: Underwriting Agreement (Speedfam International Inc)

Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the office offices of DavixDavix Xxxx & Xardxxxx, Xxxxxx & Xtubxx XXX, 370 Xxxxxxxxxxx 000 Xxxxxxxxx Xxxxxx, Xxxxx 0000Xxx Xxxx, Xxxxxx, XX Xxx Xxxx 00000, xx 9:00 10:00 A.M., Denver New York City time, on the third fourth full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Selling StockholderCompany. This date and time are sometimes referred to as the "Delivery DateFIRST DELIVERY DATE." On the First Delivery Date, the Selling Stockholder Company shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Selling Stockholder Company of the purchase price by wire transfer in immediately available funds to a bank account designated by the Selling Stockholder in writing to the Representativesfunds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Selling Stockholder Company shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the First Delivery Date. On the Delivery Date, the Selling Stockholder will pay, or cause to be paid, the commission payable on the Delivery Date to the Underwriters under the last paragraph of Section 3 by certified or official bank check or checks payable in New York Clearing House (next-day) funds.

Appears in 1 contract

Samples: Underwriting Agreement (Williams Communications Group Inc)

Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the office of DavixSnelx & Xilmxx X.X.P., Xxxxxx & Xtubxx XXX, 370 Xxxxxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, XX 00000, xx 9:00 at 10:00 A.M., Denver New York City time, on the third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Selling StockholderCompany. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Company and the Selling Stockholder Stockholders shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Company and the Selling Stockholder Stockholders of the purchase price by wire transfer in of immediately available funds to a bank account designated by the Selling Stockholder in writing to the Representatives(same day) funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Company and the Selling Stockholder Stockholders shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the First Delivery Date. On At any time on or before the Delivery Date, thirtieth day after the Selling Stockholder will pay, or cause to date of this Agreement the option granted in Section 3 may be paid, the commission payable on the Delivery Date exercised by written notice being given to the Underwriters under the last paragraph of Section 3 Company by certified or official bank check or checks payable in New York Clearing House (next-day) funds.the

Appears in 1 contract

Samples: Hypercom Corp

AutoNDA by SimpleDocs

Delivery of and Payment for the Stock. Delivery of and payment for the Stock shall be made at the office offices of Davix, Xxxxxx Xxxxxxx Xxxxxxx & Xtubxx XXX, 370 Xxxxxxxxxxx Xxxxxxxx at 000 Xxxxxxxxx Xxxxxx, Xxxxx 0000Xxx Xxxx, Xxxxxx, XX Xxx Xxxx 00000, xx 9:00 at 10:00 A.M., Denver New York City time, on the third [third][fourth] full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Selling StockholderCompany. This date and time are sometimes referred to as the "Delivery Date." On the Delivery Date, the Selling Stockholder Shareholder shall deliver or cause to be delivered certificates representing the Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Selling Stockholder Shareholder of the purchase price by wire transfer certified or official bank check or checks payable in immediately available funds to a bank account designated by the Selling Stockholder in writing to the RepresentativesNew York Clearing House (next-day) funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Stock, the Company and the Selling Stockholder Shareholder shall make the certificates representing the Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date. On the Delivery Date, the Selling Stockholder will pay, or cause to be paid, the commission payable on the Delivery Date to the Underwriters under the last paragraph of Section 3 by certified or official bank check or checks payable in New York Clearing House (next-day) funds.

Appears in 1 contract

Samples: Underwriting Agreement (Park Electrochemical Corp)

Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the office offices of Davix, Xxxxxx Rogexx & Xtubxx Xellx XXX, 370 Xxxxxxxxxxx 200 Xxxx Xxxxxx, Xxxxx 0000Xxx Xxxx, Xxxxxx, XX Xxx Xxxx 00000, xx 9:00 10:00 A.M., Denver New York City time, on the third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Selling StockholderCompany. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Company and the Selling Stockholder Stockholders shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Company and the Selling Stockholder Stockholders of the purchase price by certified or official bank check or checks payable in or wire transfer in immediately available funds to a bank account designated provided, that the amount of such payment shall be reduced by one days' interest on the Selling Stockholder in writing to amount of gross proceeds at the RepresentativesUnderwriters' cost of borrowing such funds plus any other expenses associated with such payment of immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Company and the Selling Stockholder Stockholders shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date. On the Delivery Date, the Selling Stockholder will pay, or cause to be paid, the commission payable on the Delivery Date to the Underwriters under the last paragraph of Section 3 by certified or official bank check or checks payable in New York Clearing House (next-day) funds.available

Appears in 1 contract

Samples: Spanish Broadcasting System Inc

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