Common use of Payment for and Delivery of Certificates Clause in Contracts

Payment for and Delivery of Certificates. At the Option Closing, (i) Parent (or its designee) shall pay, by check, an amount equal to the product of (x) the Option Price and (y) the number of Shares owned by each Stockholder; and (ii) each Stockholder shall deliver or shall cause to be delivered to Parent a certificate or certificates evidencing each Stockholder's Shares, and each Stockholder agrees that such Shares shall be transferred free and clear of all liens. All such certificates representing Shares shall be duly endorsed in blank, or with appropriate stock powers, duly executed in blank, attached thereto, in proper form for transfer, with the signature of each Stockholder thereon guaranteed, and with all applicable taxes paid or provided for.

Payment for and Delivery of Certificates. At the Option Closing, ---------------------------------------- (i) Parent Acquisition (or its designee) shall pay, by check, an amount equal to the product of (x) the Option Price $13 and (y) the number of Shares owned by each such Stockholder; and (ii) each Stockholder whose Shares are being purchased shall deliver or shall cause to be delivered to Parent Acquisition a certificate or certificates evidencing each such Stockholder's Shares, and each such Stockholder agrees that such Shares shall be transferred free and clear of all liens. All such certificates representing Shares shall be duly endorsed in blank, or with appropriate stock powers, duly executed in blank, attached thereto, in proper form for transfer, with the signature of each such Stockholder thereon guaranteed, and with all applicable taxes paid or provided for.

Payment for and Delivery of Certificates. At the Option Closing, (ia) Parent (or its designee) shall pay, pay for the Shares being purchased from each Stockholder by check, an amount delivery of a certificate representing that number of Parent Shares equal to the product of (x) the Option Price Purchase Price, and (y) the number of Shares owned by each Stockholder; and (iib) each Stockholder whose Shares are being purchased shall deliver or shall cause to be delivered to Parent a certificate or certificates evidencing each such Stockholder's Shares, . All Shares and each Stockholder agrees that such Parent Shares shall be transferred free and clear of all liens. All such certificates representing Shares shall be duly endorsed in blank, or with appropriate stock powers, duly executed in blank, attached thereto, in proper form for transfer, with the signature of each such Stockholder thereon guaranteed, and with all applicable taxes paid or provided for.