Common use of Delivery of Stock and Documents Clause in Contracts

Delivery of Stock and Documents. Upon the closing of a sale as herein provided, the seller shall deliver to each purchaser in exchange for payment of the purchase price: (a) the certificates for the Stock being sold, endorsed for transfer and bearing any necessary documentary stamps, and (b) such assignments, certificates of authority, tax releases, consents to transfer, instruments and evidence of title of the seller, and of his compliance with applicable state and Federal law, as may be reasonably required by counsel for each such purchaser.

Delivery of Stock and Documents. Upon the closing of a sale as herein provided, the seller Selling Shareholder shall deliver to each purchaser in exchange for payment of the purchase price: (a) the certificates for representing the Offered Stock being soldpurchased by such purchaser, endorsed for transfer and bearing any necessary documentary stamps, and (b) such assignments, certificates of authority, tax releases, consents to transfer, instruments and evidence of title of the sellerSelling Shareholder, and of his its compliance with applicable state and Federal lawfederal laws, as may be reasonably required by counsel for each such purchaser.

Delivery of Stock and Documents. Upon the closing of a sale as herein provided, the seller shall deliver to each purchaser in exchange for payment of the purchase price: (a) the certificates for the Stock being sold, endorsed for transfer and bearing any necessary documentary stamps, and (b) such assignments, certificates of authority, tax releases, consents to transfer, instruments instruments, and evidence of title of the seller, and of his compliance with applicable state and Federal federal law, as may be reasonably required by counsel for each such purchaser.