Common use of Delivery of the Shares and Closing Mechanics Clause in Contracts

Delivery of the Shares and Closing Mechanics. The Company and the Selling Shareholder shall deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters certificates for the Offered Shares at the First Closing Date, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The Company shall also deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters, certificates for the Additional Shares the Underwriters have agreed to purchase at the First Closing Date or the applicable Option Closing Date, as the case may be, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The certificates for the Shares shall be registered in such names and denominations as the Lead Underwriters shall have requested at least one full business day prior to the First Closing Date (or the applicable Option Closing Date, as the case may be). Deliveries of the documents described in Section 7 hereof with respect to the purchase of the Shares shall be made at the offices of XxXxxxx Xxxxxxxxx Professional Corporation at 1:00 p.m., Toronto time, or at such other place as the Lead Underwriters and the Company may agree, on the First Closing Date or the Option Closing Date, as the case may be. 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 (IMRIS Inc.)

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Delivery of the Shares and Closing Mechanics. The Company and the each Selling Shareholder shall deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters certificates for the Offered Shares at the First Closing Date, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The Company shall also deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters, certificates for the Additional Shares the Underwriters have agreed to purchase at the First Closing Date or the applicable Option Closing Date, as the case may be, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The certificates for the Shares shall be registered in such names and denominations as the Lead Underwriters shall have requested at least one full business day prior to the First Closing Date (or the applicable Option Closing Date, as the case may be). Deliveries of the documents described in Section 7 hereof with respect to the purchase of the Shares shall be made at the offices of XxXxxxx Xxxxxxxxx Professional Corporation Fraser Xxxxxx Casgrain LLP, 0000-00 Xxxx Xxxxxx, Xxxxxx, Xxxxxxx, X0X 0X0 at 1:00 p.m.8:00 a.m., Toronto Ottawa time, or at such other place as the Lead Underwriters and the Company may agree, on the First Closing Date or the Option Closing Date, as the case may be. 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 (Dragonwave Inc)

Delivery of the Shares and Closing Mechanics. The Company and the each Selling Shareholder shall deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters certificates for the Offered Shares at the First Closing Date, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The Company shall also deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters, certificates for the Additional Shares the Underwriters have agreed to purchase at the First Closing Date or the applicable Option Closing Date, as the case may be, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The certificates for the Shares shall be registered in such names and denominations as the Lead Underwriters shall have requested at least one full business day prior to the First Closing Date (or the applicable Option Closing Date, as the case may be). Deliveries of the documents described in Section 7 hereof with respect to the purchase of the Shares shall be made at the offices of XxXxxxx Xxxxxxxxx Professional Corporation · at 1:00 p.m.8:00 a.m., Toronto · time, or at such other place as the Lead Underwriters and the Company may agree, on the First Closing Date or the Option Closing Date, as the case may be. 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 (IMRIS Inc.)

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Delivery of the Shares and Closing Mechanics. The Company and the Selling Shareholder shall deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters certificates for the Offered Shares at the First Closing Date, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The Company shall also deliver, or cause to be delivered, to the Lead Underwriters for the accounts of the Underwriters, certificates for the Additional Shares the Underwriters have agreed to purchase at the First Closing Date or the applicable Option Closing Date, as the case may be, against the irrevocable release of a wire transfer of immediately available funds for the amount of the Offering Price therefor. The certificates for the Shares shall be registered in such names and denominations as the Lead Underwriters shall have requested at least one full business day prior to the First Closing Date (or the applicable Option Closing Date, as the case may be). Deliveries of the documents described in Section 7 6 hereof with respect to the purchase of the Shares shall be made at the offices of XxXxxxx Xxxxxxxxx Professional Corporation LxXxxxx Wxxxxxxxx LLP at 1:00 p.m.8:00 a.m., Toronto time, or at such other place as the Lead Underwriters and the Company may agree, on the First Closing Date or the Option Closing Date, as the case may be. 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 (IMRIS Inc.)

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