Common use of Payment for the Common Shares Clause in Contracts

Payment for the Common Shares. Payment for the Common Shares shall be made at the First Closing Date (and, if applicable, at the Second Closing Date) by wire transfer of immediately available United States funds to an account at a bank acceptable to XX Xxxxx and BAS jointly, payable to the order of the Company. It is understood that the Representatives have been authorized, for their own respective accounts and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Common Shares and any Optional Common Shares the Underwriters have agreed to purchase. Each of XX Xxxxx and BAS, individually and not as a Representative of the Underwriters, may (but shall not be obligated to) make payment for any Common Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the Second Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Momenta Pharmaceuticals Inc)

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Payment for the Common Shares. Payment for the Firm Common Shares shall be made at the First Closing Date (and, if applicable, for the Optional Common Shares at the Second Closing Date) by wire transfer of immediately available United States funds to an account at a bank acceptable to XX Xxxxx account designated in writing by the Company or in such other manner of payment as the Company and BAS jointly, payable to the order of the CompanyRepresentatives may agree. It is understood that the Representatives have been authorized, for their own respective accounts and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Common Shares and any Optional Common Shares the Underwriters have agreed to purchase. Each of XX Xxxxx BAS and BASCIBC, individually and not as a Representative the Representatives of the Underwriters, may (but shall not be obligated to) make payment for any Common Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the Second Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Odyssey Re Holdings Corp)

Payment for the Common Shares. Payment for the Common Shares shall be made at the First Closing Date (and, if applicable, at the Second Closing Date) by wire transfer of immediately available United States Federal funds to an account at a bank acceptable to XX Xxxxx and BAS jointly, payable to the order of the Company. It is understood that the Representatives have been authorized, for their own respective accounts account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Common Shares and any Optional Common Shares the Underwriters have agreed to purchase. Each of XX Xxxxx FBW, Morgan Keegan, Hilliard Lyons and BASAdvest, individually and not as a Representative of the UnderwritersReprxxxxxxxxxxx xf xxx Xxxxxxxxxxrs, may (but shall not be obligated to) make payment for any Common Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the Second Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Urstadt Biddle Properties Inc)

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Payment for the Common Shares. Payment for the Common Shares to be sold by the Company shall be made at the First Closing Date (and, if applicable, at the Second Closing Date) by wire transfer of immediately available United States funds to an account at a bank acceptable to XX Xxxxx and BAS jointly, payable to the order of the Company. It is understood that the Representatives have been authorized, for their own respective accounts account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Common Shares and any Optional Common Shares the Underwriters have agreed to purchase. Each of XX Xxxxx BAS and BASCIBC, individually and not as a Representative Representatives of the Underwriters, may (but shall not be obligated to) make payment for any Common Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the Second Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (Molina Healthcare Inc)

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