Common use of PAYMENT FOR FIRM UNITS Clause in Contracts

PAYMENT FOR FIRM UNITS. Payment for the Firm Units shall be made to the Company by regular check or checks at the offices of the Representative set forth above in Denver, Colorado, upon delivery to the Representative of certificates for the Firm Units in definitive form in such numbers and registered in such names as the Representative requests in writing at least two full business days prior to such delivery. The Company agrees not to seek to obtain (i) certification of the Representative's closing check or checks from the Representative's bank or banks or (ii) a cashier's check or checks from the Representative's bank or banks in substitution for the Representative's closing check or checks. The Company agrees to deposit the Representative's closing check or checks into the Company's bank account and to allow such check or checks to clear through the banking system on a "regular way" basis. Nothing contained in this Section 3.02.01 shall be construed to relieve the Representative from its obligations created as a result of the issuance of the Representative's regular check or checks at the Closing.

PAYMENT FOR FIRM UNITS. Payment for the Firm Units shall be made to the Company by regular check or checks at the offices of the Representative set forth above in Denver, Colorado, upon delivery to the Representative of certificates for the Firm Units in definitive form in such numbers and registered in such names as the Representative requests in writing at least two full business days prior to such delivery. The Company agrees not to seek to obtain (i) certification of the Representative's closing check or checks from the Representative's bank or banks or (ii) a cashier's check or checks from the Representative's bank or banks in substitution for the Representative's closing check or checks. The Company agrees to deposit the Representative's closing check or checks into the Company's bank account and to allow such check or checks to clear through the banking system on a "regular way" basis. Nothing contained in this Section 3.02.01 shall be construed to relieve the Representative Representa- tive from its obligations created as a result of the issuance of the Representative's regular check or checks at the Closing.