Initial Share Delivery Date Clause Samples
The Initial Share Delivery Date clause defines the specific date on which shares must first be delivered to a party under an agreement. In practice, this clause sets a clear deadline for the transfer of shares, often tied to the closing of a transaction or the satisfaction of certain conditions. By establishing a firm delivery date, the clause ensures both parties are aligned on when ownership or control of the shares will change hands, thereby reducing uncertainty and facilitating smooth execution of the agreement.
Initial Share Delivery Date. One Exchange Business Day following the Trade Date. On the Initial Share Delivery Date, Seller shall deliver to Buyer a number of Shares equal to the Initial Shares in accordance with Section 9.4 of the Equity Definitions, with the Initial Share Delivery Date being deemed to be a “Settlement Date” for purposes of such Section 9.4. Prepayment: Applicable Prepayment Amount: As specified in Schedule I Prepayment Date: One Exchange Business Day following the Trade Date. On the Prepayment Date, Buyer shall pay to Seller the Prepayment Amount. Exchange: NASDAQ
Initial Share Delivery Date. The third Exchange Business Day following the Trade Date.
Initial Share Delivery Date. The third Clearance System Business Day after the Trade Date. Exchange: NASDAQ Global Select Market Related Exchange(s): All Exchanges