Common use of Delivery of Purchased Shares Clause in Contracts

Delivery of Purchased Shares. At the Closing, the Purchased Shares to be purchased by the Standby Purchaser hereunder, registered in the name of the Standby Purchaser or its nominee(s), as the Standby Purchaser may specify in writing at least three (3) days prior to the Closing Date, shall be delivered by or on behalf of DCBF to the Standby Purchaser, for the Standby Purchaser’s account, against delivery by the Standby Purchaser of the Subscription Price therefore in immediately available funds in the form of one or more federal funds checks or a wire transfer to an account designated by DCBF.

Appears in 8 contracts

Samples: Standby Purchaser Agreement, Standby Purchaser Agreement, Standby Purchaser Agreement (DCB Financial Corp)

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