Common use of Payment and Redelivery of Option or Shares Clause in Contracts

Payment and Redelivery of Option or Shares. At the Put Closing, MetaTools shall pay the required amount to Fractal in immediately available funds (and Fractal Shares, if applicable) and Fractal shall surrender to MetaTools the Option and the certificates evidencing the MetaTools Shares purchased by Fractal pursuant thereto, and Fractal shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by MetaTools. (d)

Payment and Redelivery of Option or Shares. At the Put Closing, MetaTools ------------------------------------------ Fractal shall pay the required amount to Fractal MetaTools in immediately available funds (and Fractal MetaTools Shares, if applicable) and Fractal MetaTools shall surrender to MetaTools Fractal the Option and the certificates evidencing the MetaTools Fractal Shares purchased by Fractal MetaTools pursuant thereto, and Fractal MetaTools shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by MetaTools. (d)Fractal.

Payment and Redelivery of Option or Shares. At the Put Closing, MetaTools Fractal shall pay the required amount to Fractal MetaTools in immediately available funds (and Fractal MetaTools Shares, if applicable) and Fractal MetaTools shall surrender to MetaTools Fractal the Option and the certificates evidencing the MetaTools Fractal Shares purchased by Fractal MetaTools pursuant thereto, and Fractal MetaTools shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by MetaToolsFractal. (d)

Payment and Redelivery of Option or Shares. At the Put Closing, ------------------------------------------ MetaTools shall pay the required amount to Fractal in immediately available funds (and Fractal Shares, if applicable) and Fractal shall surrender to MetaTools the Option and the certificates evidencing the MetaTools Shares purchased by Fractal pursuant thereto, and Fractal shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by MetaTools. (d).