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

Payment for and Delivery of Certificates. At the Closing, (a) Parent or Purchaser, as applicable, shall pay the aggregate Purchase Price for the Committed Shares then being purchased from the applicable Stockholder by wire transfer in immediately available funds to an account designated by such Stockholder by written notice to Parent, and (b) each such Stockholder shall deliver (or direct the depository for the Offer to so deliver) to Parent or Purchaser, as applicable, a certificate or certificates evidencing such Stockholder’s Committed Shares being purchased, free and clear of all Liens. All such certificates 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 such Stockholder thereon guaranteed, and with all applicable taxes paid or provided for.