Common use of Delivery of and Payment for the Underwritten Securities Clause in Contracts

Delivery of and Payment for the Underwritten Securities. (a) Delivery of and payment for the Initial Securities shall be made at 10:00 A.M., 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 Company. This date and time are sometimes referred to as the “Initial Delivery Date.” Delivery of the Initial Securities shall be made to the Representatives for the account of each Underwriter against payment by the several Underwriters through the Representatives of the aggregate purchase price of the Initial Securities being sold by the Company to or upon the order of the Company by wire transfer in immediately available funds to the accounts specified by the Company. 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. The Company shall deliver the Initial Securities through the facilities of the Depository Trust Company (“DTC”) unless the Representatives shall otherwise instruct.

Appears in 4 contracts

Samples: Underwriting Agreement (Kohlberg Capital CORP), Underwriting Agreement (Kohlberg Capital CORP), Kohlberg Capital CORP

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Delivery of and Payment for the Underwritten Securities. (a) Delivery of and payment for the Initial Securities shall be made at 10:00 A.M., 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 Representative and the Company. This date and time are sometimes referred to as the “Initial Delivery Date.” Delivery of the Initial Securities shall be made to the Representatives Representative for the account of each Underwriter against payment by the several Underwriters through the Representatives Representative of the aggregate purchase price of the Initial Securities being sold by the Company to or upon the order of the Company by wire transfer in immediately available funds to the accounts specified by the Company. 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. The Company shall deliver the Initial Securities through the facilities of the Depository Trust Company (“DTC”) DTC unless the Representatives Representative shall otherwise instruct.

Appears in 1 contract

Samples: Underwriting Agreement (Capital Southwest Corp)

Delivery of and Payment for the Underwritten Securities. (a) Delivery of and payment for the Initial Securities shall be made at 10:00 A.M., New York City time, on the third second 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 Representative and the Company. This date and time are sometimes referred to as the “Initial Delivery Date.” Delivery of the Initial Securities shall be made to the Representatives Representative for the account of each Underwriter against payment by the several Underwriters through the Representatives Representative of the aggregate purchase price of the Initial Securities being sold by the Company (without giving effect to any accrued interest from the Initial Delivery Date to the Option Securities Delivery Date, as defined below) to or upon the order of the Company by wire transfer in immediately available funds to the accounts specified by the Company. 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. The Company shall deliver the Initial Securities through the facilities of the Depository Trust Company (“DTC”) DTC unless the Representatives Representative shall otherwise instruct.

Appears in 1 contract

Samples: Underwriting Agreement (KCAP Financial, Inc.)

Delivery of and Payment for the Underwritten Securities. (a) Delivery of and payment for the Initial Securities shall be made at 10:00 A.M., New York City time, on the third fifth 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 Representative and the Company. This date and time are sometimes referred to as the “Initial Delivery Date.” Delivery of the Initial Securities shall be made to the Representatives Representative for the account of each Underwriter against payment by the several Underwriters through the Representatives Representative of the aggregate purchase price of the Initial Securities being sold by the Company to or upon the order of the Company by wire transfer in immediately available funds to the accounts specified by the Company. 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. The Company shall deliver the Initial Securities through the facilities of the Depository Trust Company (“DTC”) DTC unless the Representatives Representative shall otherwise instruct.

Appears in 1 contract

Samples: Underwriting Agreement (KCAP Financial, Inc.)

Delivery of and Payment for the Underwritten Securities. (a) Delivery of and payment for the Initial Securities shall be made at 10:00 A.M., 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 Representative and the Company. This date and time are sometimes referred to as the “Initial Delivery Date.” Delivery of the Initial Securities shall be made to the Representatives Representative for the account of each Underwriter against payment by the several Underwriters through the Representatives Representative of the aggregate purchase price of the Initial Securities being sold by the Company (without giving effect to any accrued interest from the Initial Delivery Date to the Option Securities Delivery Date, as defined below) to or upon the order of the Company by wire transfer in immediately available funds to the accounts specified by the Company. 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. The Company shall deliver the Initial Securities through the facilities of the Depository Trust Company (“DTC”) DTC unless the Representatives Representative shall otherwise instruct.

Appears in 1 contract

Samples: Underwriting Agreement (KCAP Financial, Inc.)

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Delivery of and Payment for the Underwritten Securities. (a) Delivery of and payment for the Initial Securities shall be made at 10:00 A.M., 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 Underwriter and the Company. This date and time are sometimes referred to as the “Initial Delivery Date.” Delivery of the Initial Securities shall be made to the Representatives for the account of each Underwriter against payment by the several Underwriters through the Representatives Underwriter of the aggregate purchase price of the Initial Securities being sold by the Company to or upon the order of the Company by wire transfer in immediately available funds to the accounts specified by the Company. 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 the Underwriter hereunder. The Company shall deliver the Initial Securities through the facilities of the Depository Trust Company (“DTC”) unless the Representatives Underwriter shall otherwise instruct.

Appears in 1 contract

Samples: Underwriting Agreement (KCAP Financial, Inc.)

Delivery of and Payment for the Underwritten Securities. (a) Delivery of and payment for the Initial Securities shall be made at 10:00 A.M., 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 Representative and the Company. This date and time are sometimes referred to as the “Initial Delivery Date.” Delivery of the Initial Securities shall be made to the Representatives Representative for the account of each Underwriter against payment by the several Underwriters through the Representatives Representative of the aggregate purchase price of the Initial Securities being sold by the Company to or upon the order of the Company by wire transfer in immediately available funds to the accounts specified by the Company. 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. The Company shall deliver the Initial Securities through the facilities of the Depository Trust Company (“DTC”) unless the Representatives Representative shall otherwise instruct.

Appears in 1 contract

Samples: Underwriting Agreement (KCAP Financial, Inc.)

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