Payment for and Delivery of Shares. The delivery of the Basswood Group Shares and the payment therefor shall take place concurrently at 10 A.M. on March 31, 2000 or such other date and time that as may be agreed by the parties (the "Settlement Date"). At that time and date the Members shall cause to be effectuated an electronic transfer of ownership of the Basswood Group Shares to the account of the Company and to the account of any Permitted Assigns (as defined in Section 8(a) below) and, on confirmation that such electronic transfer has been made, the Company and such Permitted Assignees, if any, shall pay to each Member such Member's Purchase Price, as set forth in Exhibit A hereto, by wire transfer of funds in accordance with wire transfer instructions received from Basswood LP. In addition to the effectuation of the electronic transfer of the Shares, the Company's obligation to pay for the Basswood Shares shall be subject to the satisfaction of the following conditions: (i) that all of the Basswood Shares are sold to the Company or its Permitted Assigns on or before March 31, 2000, and (ii) that the parties shall have entered into a Settlement Agreement substantially in the form of Exhibit B hereto.
Payment for and Delivery of Shares. (a) Upon the terms and subject to the conditions of this Agreement and the Transaction Confirmation relating to each Transaction, Buyer shall deliver to Seller the Purchase Price for such Transaction on the Payment Date for such Transaction at the offices of Buyer, care of Banc of America Securities LLC, 9 Xxxx 00xx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or at such other place as shall be agreed upon by Buyer and Seller, paid in immediately available funds by wire transfer to an account designated by Seller.
(b) On each Settlement Date for such Transaction, Seller agrees, subject to Section 3.03, to deliver to Buyer or an affiliate of Buyer designated by Buyer a number of Free Shares of the relevant Common Stock (the “Contract Shares”) equal to the product of (A) the Base Amount for such Settlement Date and (B) the Settlement Ratio for such Settlement Date, rounded down to the nearest whole number, and cash in an amount equal to the value (based on the Settlement Price for such Settlement Date) of any fractional share not delivered as a result of such rounding. In addition, if applicable, Seller agrees (subject to the relevant Transaction Confirmation) to pay to Buyer the Additional Cash Payment (as defined in the relevant Transaction Confirmation). If (x) by 10:00 A.M., New York City time on such Settlement Date, Seller has not otherwise effected such delivery of Common Stock (or security entitlements in respect thereof) or delivered cash in lieu thereof pursuant to Section 3.03 by 5:00 New York City time on the Preliminary Cash Settlement Date and (y) the collateral under the Pledge Agreement held by or on behalf of Buyer in respect of such Transaction includes a number of Free Shares of the relevant Common Stock at least equal to the number thereof required to be so delivered on such Settlement Date, then (i) Seller shall be deemed not to have elected to deliver cash in lieu of Free Shares pursuant to Section 3.03 (notwithstanding any notice by Seller to the contrary) and (ii) the delivery provided by this Section 3.02(b) shall be effected by delivery from the Collateral Account to Buyer or an affiliate of Buyer designated by Buyer of a number of Free Shares of such Common Stock then held by or on behalf of Buyer as collateral under the Pledge Agreement in respect of such Transaction equal to the number thereof required to be delivered by Seller to Buyer or an affiliate of Buyer designated by Buyer pursuant to this Section 3.02(b); provided that, notwithstan...
Payment for and Delivery of Shares. Concurrently with the execution of this Agreement, (i) AOBO is delivering to Parent a certified or bank check in the amount of US$28.5 million and (ii) Parent is delivering to AOBO all stock certificates evidencing the Shares duly endorsed in blank, or accompanied by stock powers duly executed in blank, in form satisfactory to AOBO and with all required stock transfer tax stamps affixed where applicable.
Payment for and Delivery of Shares. 5.1.1 The Settlement Manager will pay to the Company the requisite payment for the International Offer Shares purchased under the International Underwriting Agreement, and upon the request of the Overall Coordinator, each International Underwriter will pay, or procure that there shall be paid, to the Settlement Manager not later than the close of business on the same day of such request the requisite payment for the International Offer Shares purchased or to be purchased by such International Underwriter under the International Underwriting Agreement. Such payment shall be made in such currency and to such accounts and at such times and places as may be specified in such request.
5.1.2 Each International Underwriter (other than the Settlement Manager) authorizes the Settlement Manager, in its discretion, to make or cause to be made payment for the International Offer Shares purchased or to be purchased by such International Underwriter under the International Underwriting Agreement, against delivery thereof for its account. Each International Underwriter (other than the Settlement Manager) authorizes the Settlement Manager to receive for the account of such International Underwriter, without interest and subject to deduction of such amounts as agreed in this Agreement and/or the Agreement Between Syndicates, the commissions and the selling concessions (if any) payable to such International Underwriter under Section 6 (Fees, Commissions, Brokerage and Expenses) of this Agreement.
5.1.3 Each International Underwriter which is a member of the Hong Kong Central Clearing and Settlement System (“CCASS”) authorizes the Settlement Manager, in its discretion, to arrange for delivery of International Offer Shares to or for the account of such International Underwriter through the facilities of CCASS and for payment therefor by and to such International Underwriter.
5.1.4 Any delivery of Shares by the Overall Coordinator to each International Underwriter and payments pursuant to this Agreement and any other settlements contemplated under this Agreement shall be in accordance with the procedures specified by the Overall Coordinator to each International Underwriter.
5.1.5 International Offer Shares purchased by each International Underwriter under the International Underwriting Agreement shall be delivered to such International Underwriter as promptly as practicable after their receipt by the Overall Coordinator.
Payment for and Delivery of Shares reasonably acceptable to PSC.
Payment for and Delivery of Shares. At closing, PTG and Halco shall cause a certificate or certificates representing the PTG Option Shares and Halco Option Shares to be delivered to Optionee, together with stock powers executed in favor of Optionee and such other documentation as may be necessary to transfer title to the PTG Option Shares and Halco Option Shares to Optionee, in form and substance reasonably satisfactory to Optionee. In exchange for delivery of the PTG Option Shares and Halco Option Shares, Optionee shall pay the Option Price by wire transfer of immediately available funds to the accounts designated by PTG and Halco.
Payment for and Delivery of Shares. 2.1. In payment of the purchase price for the Shares by Subscriber will be made by check payable to the Issuer or by wire transfer in accordance with instructions provided to the Subscriber by the Issuer.
2.2. Upon the payment in full of the purchase price of the Shares the Issuer will instruct the transfer agent for the Common Stock to issue a certificate representing the Shares to Subscriber to be delivered to the Subscriber's address set forth below.
Payment for and Delivery of Shares. (a) The Investor shall pay the Purchae Price for the Investor Shares by check payable to the Company or by wire transfer in accordance with the transfer instructions set forth on the signature page. The Investor Shares shall be deemed to have been paid for upon the clearance of such check (or upon its delivery if it is a bank cashier’s check or certified check) or upon the delivery of payment by such wire transfer (the “Payment Date”). On the Payment Date, and by virtue of payment for the Investor Shares, they shall be issued to the Investor and the Company shall cause its transfer agent to register the Shares in book entry form in the name of the Investor and promptly deliver to the Investor evidence of such registration of ownership in book entry form in the name of the Investor.
(b) The Company’s obligation to sell the Investor Shares to the Investor and its obligation to purchase them shall be subject to the absence of any stop order pursuant to Section 8A under the Securities Act of 1933 (the “Securities Act”) suspending the effectiveness of the Registration Statement or preventing or suspending the use of the Base Prospectus or the initiation or threat of such proceeding. If such stop order shall be issued and shall not have been withdrawn within ten business days, the Investor may rescind this Supscription Agreement and if it has paid the Purchase Price, receive a refund thereof.
Payment for and Delivery of Shares. At the Closing, the Company shall issue and deliver to the Investor a stock certificate duly executed and registered in the name of the Investor evidencing ownership of the number of Shares to be purchased by the Investor at the Closing against payment by the Investor of the Purchase Price to be paid by the Investor at the Closing by wire transfer of immediately available funds to the account designated by the Company in writing.
Payment for and Delivery of Shares
