Common use of Delivery of the Depositary Shares Clause in Contracts

Delivery of the Depositary Shares. The Depositary Shares to be purchased by each Underwriter hereunder will be represented by one or more global depositary receipts representing the Depositary Shares in book-entry form, which will be deposited by or on behalf of the Company with DTC or its designated custodian. Payment for the Depositary Shares to be purchased on the Closing Date, or any Date of Delivery, as applicable, shall be made against delivery to the nominee of DTC, for the respective accounts of the several Underwriters of the Depositary Shares to be purchased on such date as specified by the Representatives, with any transfer taxes payable in connection with the sale of such Depositary Shares duly paid by the Company. The Depositary Shares shall be registered in such names and such denominations as the Representatives shall request in writing not later than 1:00 p.m., New York City time, on the business day prior to the Closing Date, or any Date of Delivery, as applicable. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Underwriters.

Appears in 2 contracts

Samples: Underwriting Agreement (ConnectOne Bancorp, Inc.), Underwriting Agreement (Heartland Financial Usa Inc)

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Delivery of the Depositary Shares. The Depositary Shares to be purchased by each the Underwriter hereunder will be represented by one or more global depositary receipts representing the Depositary Shares in book-entry form, which will be deposited by or on behalf of the Company with DTC or its designated custodian. Payment for the Depositary Shares to be purchased on the Closing Date, or any Date of Delivery, as applicable, shall be made against delivery to the nominee of DTC, for the respective accounts account of the several Underwriters Underwriter of the Depositary Shares to be purchased on such date as specified by the RepresentativesUnderwriter, with any transfer taxes payable in connection with the sale of such Depositary Shares duly paid by the Company. The Depositary Shares shall be registered in such names and such denominations as the Representatives Underwriter shall request in writing not later than 1:00 p.m., New York City time, on the business day prior to the Closing Date, Date or any Date of Delivery, as applicable. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the UnderwritersUnderwriter.

Appears in 1 contract

Samples: Underwriting Agreement (Level One Bancorp Inc)

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Delivery of the Depositary Shares. The Depositary Shares to be purchased by each Underwriter the Underwriters hereunder will be represented by one or more global depositary receipts representing the Depositary Shares in book-entry form, which will be deposited by or on behalf of the Company with DTC or its designated custodian. Payment for the Depositary Shares to be purchased on the Closing Date, or any Date of Delivery, as applicable, shall be made against delivery to the nominee of DTC, for the respective accounts account of the several Underwriters of the Depositary Shares to be purchased on such date as specified by the RepresentativesRepresentative, with any transfer taxes payable in connection with the sale of such Depositary Shares duly paid by the Company. The Depositary Shares shall be registered in such names and such denominations as the Representatives Underwriters shall request in writing not later than 1:00 p.m., New York City time, on the business day prior to the Closing Date, Date or any Date of Delivery, as applicable. Time shall be of the essence, and delivery at the time and place specified in this Agreement is a further condition to the obligations of the Underwriters.

Appears in 1 contract

Samples: Underwriting Agreement (Bridgewater Bancshares Inc)

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