Delivery of Common Stock. At such closing, simultaneously with the delivery of immediately available funds as provided in Section 2(f) hereof, Issuer shall deliver to Grantee a certificate or certificates representing the number of shares of Common Stock specified in the Option Notice and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the shares of Common Stock purchasable hereunder.
Appears in 8 contracts
Samples: Stock Option Agreement (Monarch Bancorp), Stock Option Agreement (California Commercial Bankshares), Stock Option Agreement (Sc Bancorp)
Delivery of Common Stock. At such closing, simultaneously with the delivery of immediately available funds as provided subject to any requisite Notification and/or Approval having been made or given and being in Section 2(f) hereoffull force and effect, Issuer shall deliver to Grantee a certificate or certificates representing the number of shares of Common Stock specified in the Option Notice and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the shares of Common Stock purchasable hereunder.
Appears in 2 contracts
Samples: Merger Agreement (Pinnacle Financial Services Inc), Stock Option Agreement (Pinnacle Financial Services Inc)
Delivery of Common Stock. At such closing, simultaneously ------------------------ with the delivery of immediately available funds as provided in Section 2(f) hereof, Issuer shall deliver to Grantee a certificate or certificates representing the number of shares of Common Stock specified in the Option Notice and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the shares of Common Stock purchasable hereunder.
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