Common use of Initial Shares and Warrants Clause in Contracts

Initial Shares and Warrants. Payment of the purchase price for the Initial Shares shall be made to the Company and the Selling Stockholders by wire transfer of immediately available funds or certified or official bank check payable in federal (same-day) funds at the offices of [ ], Underwriters' Counsel located at [ ] (unless another place shall be agreed upon by the Representative and the Company) against delivery of the certificates for the Initial Shares to the Representative for the respective accounts of the Underwriters. Such payment and delivery shall be made at 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time, not later than ten business days after such date, shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the "Closing Time." Certificates for the Initial Shares shall be delivered to the Representative in definitive form registered in such names and in such denominations as the Representative shall specify. For the purpose of expediting the checking of the certificates for the Initial Shares by the Representative, the Company agrees to make such certificates available to the Representative for such purpose at least one full business day preceding the Closing Time.

Appears in 2 contracts

Samples: American Home Mortgage Holdings Inc, American Home Mortgage Holdings Inc

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Initial Shares and Warrants. Payment of the purchase price for the Initial Shares shall be made to the Company and the Selling Stockholders by wire transfer of immediately available funds or certified or official bank check payable in federal (same-day) funds at the offices of [ ], Underwriters' Counsel ___________________ located at [ ] ____________________ (unless another place shall be agreed upon by the Representative and the Company) against delivery of the certificates for the Initial Shares to the Representative for the respective accounts of the UnderwritersUnderwriters and the delivery of the Warrants, represented by one or more certificates as the Representative may specify, to the Representative. Such payment and delivery shall be made at 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time, not later than ten business days after such date, shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the "Closing Time." Certificates for the Initial Shares shall be delivered to the Representative in definitive form registered in such names and in such denominations as the Representative shall specify. For the purpose of expediting the checking of the certificates for the Initial Shares by the Representative, the Company agrees to make such certificates available to the Representative for such purpose at least one full business day preceding the Closing Time.

Appears in 2 contracts

Samples: Agreement (Resource Asset Investment Trust), Agreement (Resource Asset Investment Trust)

Initial Shares and Warrants. Payment of the purchase price for the Initial Shares shall be made to the Company and the Selling Stockholders by wire transfer of immediately available funds or certified or official bank check payable in federal (same-day) funds at the offices of [ ]Xxxxxxxx & Xxxxxxxx LLP, Underwriters' Counsel located at [ ] 000 Xxxx Xxxxx Xxxxxx, Xxxxx 0000, Xxx Xxxxxxx, Xxxxxxxxxx 00000 (unless another place shall be agreed upon by the Representative and the Company) against delivery of the certificates for the Initial Shares to the Representative for the respective accounts of the Underwriters. Such payment and delivery shall be made at 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time, not later than ten business days after such date, shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the "Closing Time." Certificates for the Initial Shares shall be delivered to the Representative in definitive form registered in such names and in such denominations as the Representative shall specify. For the purpose of expediting the checking of the certificates for the Initial Shares by the Representative, the Company agrees to make such certificates available to the Representative for such purpose at least one full business day preceding the Closing Time.

Appears in 1 contract

Samples: New Century Financial Corp

Initial Shares and Warrants. Payment of the purchase price for the Initial Shares shall be made to the Company and the Selling Stockholders by wire transfer of immediately available funds or certified or official bank check payable in federal (same-day) funds at the offices of [ ]Vorys, Underwriters' Counsel Xxxxx, Xxxxxxx and Xxxxx LLP located at [ ] 00 Xxxx Xxx Xxxxxx, Xxxxxxxx, Xxxx 00000 (unless another place shall be agreed upon by the Representative Underwriter and the Company) against delivery of the certificates for the Initial Shares to the Representative Underwriter for the respective accounts account of the UnderwritersUnderwriter. Such payment and delivery shall be made at 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time, not later than ten business days after such date, shall be agreed to by the Representative Underwriter and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the "Closing Time." Certificates for the Initial Shares shall be delivered to the Representative Underwriter in definitive form registered in such names and in such denominations as the Representative Underwriter shall specify. For the purpose of expediting the checking of the certificates for the Initial Shares by the RepresentativeUnderwriter, the Company agrees to make such certificates available to the Representative Underwriter for such purpose at least one full business day preceding the Closing Time.

Appears in 1 contract

Samples: Underwriting Agreement (Ohio Legacy Corp)

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Initial Shares and Warrants. Payment of the purchase price for the Initial Shares shall be made to the Company and the Selling Stockholders by wire transfer of immediately available funds or certified or official bank check payable in federal (same-day) funds at the offices of [ ]Xxxxxx, Underwriters' Counsel Xxxx & Xxxxxxxx LLP located at [ ] 0000 Xxxxxxxxxxx Xxxxxx, X.X., Xxxxxxxxxx, X.X. 00000 (unless another place shall be agreed upon by the Representative and the Company) against delivery of the certificates for the Initial Shares to the Representative for the respective accounts of the UnderwritersUnderwriters and the delivery of the Warrants, represented by one or more certificates as the Representative may specify, to the Representative. Such payment and delivery shall be made at 9:30 a.m., New York City time, on the third (fourth, if pricing occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time, not later than ten business days after such date, shall be agreed to by the Representative and the Company). The time at which such payment and delivery are actually made is hereinafter sometimes called the "Closing Time." Certificates for the Initial Shares shall be delivered to the Representative in definitive form registered in such names and in such denominations as the Representative shall specifyspecify in writing to the Company at least two full business days before the Closing Time. For the purpose of expediting the checking of the certificates for the Initial Shares by the Representative, the Company agrees to make such certificates available to the Representative for such purpose at least one full business day preceding the Closing Time.

Appears in 1 contract

Samples: Warrant Agreement (American Capital Strategies LTD)

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