Common use of Initial Delivery and Payments Clause in Contracts

Initial Delivery and Payments. On the Initial Settlement Date, the Seller shall deliver the Initial Number of Shares to the Purchaser, upon payment by the Purchaser of an amount equal to the Purchase Price and payment pursuant to this Section 2.02 shall be effected in accordance with the Seller’s customary procedures.

Appears in 2 contracts

Samples: Accelerated Share Repurchase Agreement, Confirmation Agreement (Nu Skin Enterprises Inc)

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Initial Delivery and Payments. On the Initial Settlement Date, the Seller shall deliver the Initial Minimum Delivery Number of Shares to the Purchaser, upon payment by the Purchaser of an amount equal to the sum of the Purchase Price to the Seller. Delivery and payment pursuant to this Section 2.02 shall be effected in accordance with the Seller’s customary procedures.

Appears in 1 contract

Samples: Confirmation Agreement (Constellation Energy Group Inc)

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Initial Delivery and Payments. On the Initial Settlement Date, the Seller shall deliver the Initial Number of Shares to the Purchaser, upon payment by the Purchaser of an amount equal to (i) the Purchase Price to the Seller and (ii) the Contract Fee to X.X. Xxxxxx Securities LLC. Delivery and payment pursuant to this Section 2.02 shall be effected in accordance with the Seller’s customary procedures.

Appears in 1 contract

Samples: Confirmation (Covance Inc)

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