Payment for Common Stock. All payments for Common Stock subscribed for in the Subscription and Community Offering (if any), must be delivered in full to the Bank, together with a properly completed and executed Order Form, on or prior to the expiration date specified on the Order Form or purchase order, as the case may be, unless such date is extended by the Bank; provided, however, that if the Employee Plans subscribe for shares during the Subscription Offering, the Employee Plans will not be required to pay for the shares at the time they subscribe but rather may pay for such shares of Common Stock upon consummation of the Offering. The Bank may make scheduled discretionary contributions to Employee Plans provided such contributions do not cause the Bank to fail to meet its regulatory capital requirement. Notwithstanding the foregoing, the Bank and the Stock Holding Company shall have the right, in their sole discretion, to permit institutional investors to submit contractually irrevocable orders in the Community Offering (if any), and to thereafter submit payment for the Common Stock for which they are subscribing in the Community Offering (if any), at any time prior to the completion of the Stock Offering. Payment for Common Stock subscribed for shall be made either in cash (if delivered in person), check or money order. Alternatively, subscribers in the Subscription and Community Offering (if any) may pay for the shares subscribed for by authorizing the Bank on the Order Form to make a withdrawal from the subscriber's Savings Account at the Bank in an amount equal to the purchase price of such shares. Such authorized withdrawal, whether from a savings passbook or certificate account, shall be without penalty as to premature withdrawal. If the authorized withdrawal is from a certificate account, and the remaining balance does not meet the applicable minimum balance requirement, the certificate shall be canceled at the time of withdrawal, without penalty, and the remaining balance will earn interest at the passbook rate. Funds for which a withdrawal is authorized will remain in the subscriber's Savings Account but may not be used by the subscriber until the Common Stock has been sold or the 45-day period (or such longer period as may be approved by the OTS) following the Subscription Offering has expired, whichever occurs first. Thereafter, the withdrawal will be given effect only to the extent necessary to satisfy the subscription (to the extent it can be filled) at the Purchas...
Payment for Common Stock. At each Closing, for all of the Shares issued in such Closing, each Investor participating in such Closing shall pay to the Company, in the aggregate, the amount obtained by multiplying the Purchase Price by the number of Shares set forth opposite such Investor’s name on EXHIBIT A-1 or EXHIBIT A-2 attached hereto, as applicable. The Investors shall pay the purchase price for the Shares by wire transfers of immediately available funds to an account designated in writing by the Company.
Payment for Common Stock. At the Closing Date, for all of the Shares, the Investors shall pay to the Company, in the aggregate, the Purchase Price. The Investors will pay the Purchase Price by wire transfers of immediately available funds to an account designated in writing by the Company.
Payment for Common Stock. In the event of a Default Trigger Event or a Facility H Trigger Event, the date of determination of such number of shares of Common Stock shall be five (5) Business Days (the "Default Event Determination Date") after the date of release by the Company (after such Default Trigger Event or Facility H Trigger Event) of its most recent quarterly results advising shareholders of the occurrence of such Default Trigger Event or Facility H Trigger Event. In the event of a Net 1 Market Price Trigger Event, the date of determination of such number of shares of Common Stock (the "Market Event Determination Date" and together with the Default Event Determination Date, the "Determination Date") shall be the date of the Net 1 Market Price Trigger Event. VCP shall procure that the Purchasing Funds pay to the Company an amount equal to the Purchase Amount as full payment for such Common Stock via wire transfer of immediately available funds in ZAR into a ZAR denominated non-resident bank account in South Africa within no more than twenty (20) Business Days of any Determination Date. Upon receipt by the Company of full payment of the Purchase Amount related to such Purchase, the Company shall promptly deliver notice to the Transfer Agent of the Purchase, including instructions to the Transfer Agent to promptly issue the Securities to each of the Purchasing Funds in such number as may be stipulated in such instruction. Should a Default Trigger Event or a Facility H Trigger Event occur, and before the Default Event Determination Date, a Net 1 Market Price Trigger Event occurs, the subscription pursuant to the Net 1 Market Price Trigger Event shall apply to the exclusion of the subscription pursuant to either a Default Trigger Event or a Facility H Trigger Event. All payments made under this Agreement shall be made in lawful money of the Republic of South Africa via wire transfer of immediately available funds to such account in the Republic of South Africa as the Company may from time to time designate by written notice in accordance with the provisions of this Agreement. Whenever any amount expressed to be due by the terms of this Agreement is due on any day that is not a Business Day, the same shall instead be due on the next succeeding day that is a Business Day. The Company shall procure that the Securities are listed on the South African branch of the securities register maintained by the Company.
Payment for Common Stock. Sub shall have accepted for payment and paid for a number of shares of Common Stock tendered pursuant to the Offer that satisfies the Minimum Condition; provided that the foregoing shall not be a condition to Parent's and Sub's obligation to consummate the Merger if Sub's failure to purchase any shares of Common Stock violates the terms of the Offer.
Payment for Common Stock. At the Closing Date, the Purchaser shall pay the Purchase Price to the Company.
Payment for Common Stock. Subscriber agrees that the Subscription Price to the Company for the Shares is to be made upon submission by check or by wire transfer to an account designated by the Company. Such funds will be returned promptly, without interest or offset if Purchaser’s subscription is not accepted by the Company for any reason or no reason.
Payment for Common Stock. If at any time Holdings elects or is required to purchase any shares of Common Stock pursuant to Section 7.2 or Section 7.3, Holdings shall pay the purchase price for the shares of Common Stock it purchases (i) first, by the cancellation of any indebtedness, if any, owing from the Stockholder to Holdings or any of its Subsidiaries (which indebtedness shall be applied pro rata against the proceeds receivable by each member of the Stockholder Group receiving consideration in such repurchase) and (ii) then, by Holdings' delivery of a check or wire transfer of immediately available funds for the remainder of the purchase price, if any, against delivery of the certificates or other instruments representing the Common Stock so purchased, duly endorsed; PROVIDED that if any of the conditions set forth in Section 7.5 exists which prohibits such cash payment, the portion of the cash payment so prohibited may be made, to the extent such payment is not prohibited, by Holdings' delivery of a junior subordinated promissory note (which shall be subordinated and subject in right of payment to the prior payment of any debt outstanding under the Credit Agreement and any modifications, renewals, extensions, replacements and refunding of all such indebtedness) of Holdings, substantially in the form of Exhibit A (a "JUNIOR SUBORDINATED NOTE"), in a principal amount equal to the balance of the purchase price, payable in up to five equal annual installments commencing on the first anniversary of the issuance thereof and bearing interest payable annually at the publicly announced prime rate of JP Morgan Chase, on the date of issuance. The Company shall use itx xxxxxxabxx xfforts to repurchase Common Stock pursuant to Section 7.2 and Section 7.3 with cash and/or to prepay any Junior Subordinated Notes issued in connection with a repurchase of Common Stock pursuant to Section 7.2 or Section 7.3, and, in any event shall, within 10 days following the termination or removal of any condition in Section 7.5 that prohibited the repurchase of Common Stock with cash or the repayment of any Junior Subordinated Note, repurchase such Common Stock and/or repay such Junior Subordinated Note to the extent then permitted by Section 7.5 (after giving effect to such repurchase or repayment). If, at any time, the Company can repay some (but not all) of any Junior Subordinated Note as a result of termination or removal of any condition in Section 7.5 that prohibited such repayment, the Company shall...
Payment for Common Stock. Sub shall have accepted for payment ------------------------ and paid for the shares of Common Stock tendered pursuant to the Offer; and
Payment for Common Stock. (a) Payment for shares of Common Stock subscribed for by Participants in the Subscription Offering and payment for shares of Common Stock ordered by Persons in the Community Offering shall be equal to the Purchase Price multiplied by the number of shares that are being subscribed for or ordered, respectively. Such payment may be made in cash, if delivered in person, or by check, bank draft or money order at the time the Order Form is delivered to the Savings Bank, provided that checks will only be accepted subject to collection. The Primary Parties, in their sole and absolute discretion, may also elect to receive payment for shares of Common Stock by wire transfer. In addition, the Primary Parties may elect to provide Participants and/or other Persons who have a Deposit Account with the Savings Bank the opportunity to pay for shares of Common Stock by authorizing the Savings Bank to withdraw from such Deposit Account an amount equal to the aggregate Purchase Price of such shares. Payment may also be made by a Participant using funds held for such Participant's benefit by a Savings Bank Benefit Plan to the extent that such plan allows participants or any related trust established for the benefit of such participants to direct that some or all of their individual accounts or sub-accounts be invested in Common Stock.
