Common use of Delivery of Shares; Payment of Draw Down Amount Clause in Contracts

Delivery of Shares; Payment of Draw Down Amount. On each Settlement Date, the Company shall deliver the Shares purchased by the Investor to the Investor or its designees via book-entry through the Depositary Trust Company to an account designated by the Investor, and upon receipt of the Shares, the Investor shall cause payment therefor to be made to the Company's designated account by wire transfer of immediately available funds, if the Shares are received by the Investor no later than 1:00 p.m. (Eastern Time), or next day available funds, if the Shares are received thereafter.

Appears in 4 contracts

Samples: Common Stock Purchase Agreement (Cellegy Pharmaceuticals Inc), Common Stock Purchase Agreement (Aksys LTD), Common Stock Purchase Agreement (Tegal Corp /De/)

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Delivery of Shares; Payment of Draw Down Amount. On each Settlement Date, the Company shall deliver the Shares purchased by the Investor to the Investor or its designees via book-entry through the Depositary Trust Company (DWAC) to an account designated by the Investor, and upon receipt of the Shares, the Investor shall cause payment therefor to be made to the Company's ’s designated account by wire transfer of immediately available funds, if the Shares are received by delivered to the Investor or its designee no later than 1:00 p.m. (Eastern Time), or next day available funds, if the Shares are received delivered thereafter.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Emisphere Technologies Inc), Common Stock Purchase Agreement (Emisphere Technologies Inc)

Delivery of Shares; Payment of Draw Down Amount. On each Settlement Date, the Company shall deliver the Shares purchased by the Investor to the Investor or its designees via book-entry through the Depositary Trust Company to an account designated by the Investor, and Investor in accordance with Section 3.06 upon receipt of the Shares, payment therefor from the Investor shall cause payment therefor to be made to the Company's designated account by wire transfer of immediately available funds, if the Shares are received by the Investor no later than 1:00 p.m. (Eastern Time), or next day available funds, if the Shares are received thereafter.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Discovery Laboratories Inc /De/)

Delivery of Shares; Payment of Draw Down Amount. On each Settlement Date, the Company shall deliver the Shares purchased by the Investor to the Investor or its designees via book-entry through the Depositary Trust Company to an account designated by the Investor, and upon receipt of the Shares, the Investor shall cause payment therefor to be made to the Company's designated account by wire transfer of immediately available funds. Upon receipt of the funds or, if at the Company's discretion, upon the receipt of a wire confirmation, the Company shall deliver the Shares are received purchased by the Investor no later than 1:00 p.m. (Eastern Time)to the Investor exclusively via book-entry through the Depository Trust Company, or next day available fundsany successor thereto, if to an account designated by the Shares are received thereafterInvestor in the Investor's name.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Top Ships Inc.)

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Delivery of Shares; Payment of Draw Down Amount. On each Settlement Date, the Investor shall cause payment to be made to the Company’s designated account by wire transfer of immediately available funds. Upon receipt of the funds or, at the Company’s discretion, upon the receipt of a wire confirmation, the Company shall deliver the Shares purchased by the Investor to the Investor or its designees exclusively via book-entry through the Depositary Depository Trust Company Company, or any successor thereto, to an account designated by the Investor in the Investor, and upon receipt of the Shares, the Investor shall cause payment therefor to be made to the Company's designated account by wire transfer of immediately available funds, if the Shares are received by the Investor no later than 1:00 p.m. (Eastern Time), or next day available funds, if the Shares are received thereafter’s name.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Sovereign Holdings Inc.)

Delivery of Shares; Payment of Draw Down Amount. On each Settlement Date, the Company shall deliver the Shares purchased by the Investor Purchaser to the Investor Purchaser or its designees via book-entry through the Depositary Trust Company to an account designated by the InvestorPurchaser, and upon receipt of the Shares, the Investor Purchaser shall cause payment therefor to be made to the Company's designated account by wire transfer of immediately available funds, if provided that, the Shares are received by the Investor Purchaser no later than 1:00 p.m. (Eastern Time), ) or next day available funds, funds if the Shares are received thereafter.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Collagenex Pharmaceuticals Inc)

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