Payment and Delivery of Certificates. (a) At the closing referred to in Section 3 hereof, Buyer shall pay to Seller the aggregate Purchase Price for the shares of Seller Common Stock purchased pursuant to the exercise of the Option in immediately available funds by wire transfer to a bank account designated by Seller. (b) At such closing, simultaneously with the delivery of cash as provided in Section 4(a), Seller shall deliver to Buyer a certificate or certificates representing the number of shares of Seller Common Stock purchased by Buyer, registered in the name of Buyer or a nominee designated in writing by Buyer, and Buyer shall deliver to Seller a letter agreeing that Buyer shall not offer to sell, pledge or otherwise dispose of such shares in violation of applicable law or the provisions of this Option Agreement. (c) If at the time of issuance of any Seller Common Stock pursuant to any exercise of the Option, Seller shall have issued any share purchase rights or similar securities to holders of Seller Common Stock, then each such share of Seller Common Stock shall also represent rights with terms substantially the same as and at least as favorable to Buyer as those issued to other holders of Seller Common Stock.
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Samples: Stock Option Agreement (Homecorp Inc), Stock Option Agreement (Mercantile Bancorporation Inc), Stock Option Agreement (Mercantile Bancorporation Inc)
Payment and Delivery of Certificates. (a) At the closing referred to in Section 3 hereof, Buyer Seller shall pay to Seller Buyer the aggregate Purchase Price purchase price for the shares of Seller Buyer Common Stock purchased pursuant to the exercise of the Option in immediately available funds by wire transfer to a bank account designated by SellerBuyer.
(b) At such closing, simultaneously with the delivery of cash as provided in Section 4(a), Seller Buyer shall deliver to Buyer Seller a certificate or certificates representing the number of shares of Seller Buyer Common Stock purchased by BuyerSeller, registered in the name of Buyer Seller or a nominee designated in writing by BuyerSeller, and Buyer Seller shall deliver to Seller Buyer a letter agreeing that Buyer Seller shall not offer to sell, pledge or otherwise dispose of such shares in violation of applicable law or the provisions of this Option Agreement.
(c) If at the time of issuance of any Seller Buyer Common Stock pursuant to any exercise of the Option, Seller Buyer shall have issued any share purchase rights or similar securities to holders of Seller Buyer Common Stock, then each such share of Seller Buyer Common Stock shall also represent rights with terms substantially the same as and at least as favorable to Buyer Seller as those issued to other holders of Seller Buyer Common Stock.
Appears in 2 contracts
Samples: Option Agreement (America First Financial Fund 1987-a Limited Partnership), Option Agreement (Bay View Capital Corp)
Payment and Delivery of Certificates. (a) At the closing referred to in Section 3 hereof, Buyer shall pay to Seller the aggregate Purchase Price for the shares of Seller Common Stock purchased pursuant to the exercise of the Option in immediately available funds by wire transfer to a bank account designated by Seller.
(b) At such closing, simultaneously with the delivery of cash as provided in Section 4(a), Seller shall deliver to Buyer a certificate or certificates representing the number of shares of Seller Common Stock purchased by Buyer, registered in the name of Buyer or a nominee designated in writing by Buyer, and Buyer shall deliver to Seller a letter in customary form agreeing that Buyer shall not offer to sell, pledge or otherwise dispose of such shares in violation of applicable law or the provisions of this Option Agreement.
(c) If at the time of issuance of any Seller Common Stock pursuant to any exercise of the Option, Seller shall have issued any share purchase rights or similar securities to holders of Seller Common Stock, then each such share of Seller Common Stock shall also represent rights with terms substantially the same as and at least as favorable to Buyer as those issued to other holders of Seller Common Stock.
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Payment and Delivery of Certificates. (a) At the closing referred to in Section 3 hereof, Buyer shall pay to Seller the aggregate Purchase Price purchase price for the shares of Seller Common Stock purchased pursuant pursu- ant to the exercise of the Option in immediately available funds by wire transfer to a bank account designated by Seller.
(b) At such closing, simultaneously with the delivery de- livery of cash as provided in Section 4(a), Seller shall deliver de- liver to Buyer a certificate or certificates representing the number of shares of Seller Common Stock purchased by Buyer, registered in the name of Buyer or a nominee designated in writing by Buyer, and Buyer shall deliver to Seller a letter agreeing that Buyer shall not offer to sell, pledge or otherwise other- wise dispose of such shares in violation of applicable law or the provisions of this Option Agreement.
(c) If at the time of issuance of any Seller Common Com- mon Stock pursuant to any exercise of the Option, Seller shall have issued any share purchase rights or similar securities secu- rities to holders of Seller Common Stock, then each such share of Seller Common Stock shall also represent rights with terms substantially the same as and at least as favorable to Buyer as those issued to other holders of Seller Common Stock.
Appears in 1 contract
Samples: Stock Option Agreement (Mercantile Bancorporation Inc)