Common use of Delivery Versus Payment through The Depository Trust Company Clause in Contracts

Delivery Versus Payment through The Depository Trust Company. If the Investor elects to settle the Shares purchased by such Investor by delivery versus payment through DTC, no later than one (1) business day after the execution of this Agreement by the Investor and the Company, the Investor shall notify the Underwriter of the account or accounts at the Underwriter to be credited with the Shares being purchased by such Investor. On the Closing Date, the Company shall deliver the Shares to the Investor through DTC directly to the account(s) at the Underwriter identified by Investor. Upon receipt of such Shares, the Underwriter shall promptly electronically deliver such Shares to the Investor, and simultaneously therewith payment shall be made by the Underwriter by wire transfer to the Company.

Appears in 4 contracts

Samples: Subscription Agreement (Eco Innovation Group, Inc.), Subscription Agreement (Aegis Identity Software, Inc.), Subscription Agreement (Aegis Identity Software, Inc.)

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