Common use of Exchange of Certificates for Consideration Clause in Contracts

Exchange of Certificates for Consideration. At the Closing (as defined in Article III), the Stockholders shall deliver to PalEx the original certificates representing the Company Stock, duly endorsed in blank by the Stockholders or accompanied by blank stock powers. The Stockholders agree promptly to cure any deficiencies with respect to the endorsement of the certificates or other documents of conveyance with respect to such Company Stock. Upon surrender of such certificates, the Stockholders shall be entitled to receive certificates representing the number of shares of PalEx Stock and the amount of cash set forth in SCHEDULE 2.1, which shall be delivered on the Consummation Date (as defined in Article III).

Exchange of Certificates for Consideration. At the Closing (as defined in Article III), the Stockholders shall deliver to PalEx the original certificates representing the Company Stock, duly endorsed in blank by the Stockholders or accompanied by blank stock powers. The Stockholders agree promptly to cure any deficiencies with respect to the endorsement of the certificates or other documents of conveyance with respect to such Company Stock. Upon surrender of such certificates, the Stockholders shall be entitled to receive certificates representing the number of shares of PalEx Common Stock and the amount of cash set forth in SCHEDULE 2.1, which shall be delivered on the Consummation Date (as defined in Article III).

Exchange of Certificates for Consideration. At the Closing (as defined in Article III), the Stockholders shall deliver to PalEx the original certificates representing the Company Stock, duly endorsed in blank by the Stockholders or accompanied by blank stock powers. The Stockholders agree promptly to cure any deficiencies with respect to the endorsement of the certificates or other documents of conveyance with respect to such Company Stock. Upon surrender of such certificates, the Stockholders shall be entitled to receive certificates representing the number of shares of PalEx Stock and the amount of cash set forth in SCHEDULE 2.1Common Stock, which shall be delivered on the Consummation Date (as defined in Article III).

Exchange of Certificates for Consideration. At the Closing (as defined in Article III), the Stockholders Stockholder shall deliver to PalEx the original certificates representing the Company Stock, duly endorsed in blank by the Stockholders Stockholder or accompanied by blank stock powers. The Stockholders agree Stockholder agrees promptly to cure any deficiencies with respect to the endorsement of the certificates or other documents of conveyance with respect to such Company Stock. Upon surrender of such certificates, the Stockholders Stockholder shall be entitled to receive certificates representing the number of shares of PalEx Common Stock and the amount of cash set forth in SCHEDULE 2.1, which shall be delivered on the Consummation Date (as defined in Article III).

Exchange of Certificates for Consideration. At the Closing (as defined in Article III), the Stockholders Stockholder shall deliver to PalEx the original certificates representing the Company Stock, duly endorsed in blank by the Stockholders Stockholder or accompanied by blank stock powers. The Stockholders agree Stockholder agrees promptly to cure any deficiencies with respect to the endorsement of the certificates or other documents of conveyance with respect to such Company Stock. Upon surrender of such certificates, the Stockholders Stockholder shall be entitled to receive certificates representing the number of shares of PalEx Stock and the amount of cash set forth in SCHEDULE 2.1, which shall be delivered on the Consummation Date (as defined in Article III).