Common use of Issuance and Delivery of Shares Clause in Contracts

Issuance and Delivery of Shares. At the Closing referred to in Section 1.3, Seller shall sell the Shares to Purchaser, free and clear of all liens and encumbrances, by delivering to Purchaser a certificate or certificates registered in the name of Seller representing the Shares (the "Certificates"), duly endorsed for transfer to Purchaser.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Penske Motorsports Inc), Stock Purchase Agreement (Dover Downs Entertainment Inc), Execution Copy Stock Purchase Agreement (International Speedway Corp)

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