Common use of Payment of Drag-Along Purchase Price Clause in Contracts

Payment of Drag-Along Purchase Price. At the closing of the Drag-Along Right, the third party shall remit to all Stockholders identical consideration (the cash portion of which, if any, will be in the form of a certified check or similarly available funds) for each share of the Company Common Stock sold pursuant to the Drag-Along Right, against delivery by each Stockholder subject to the Drag-Along Right of certificates for all shares of the Company Common Stock owned by each such Stockholder, duly endorsed or with duly executed stock powers, warranting as to good and marketable title, free and clear of any liens, encumbrances and adverse claims, and the compliance with any other conditions of closing applicable to the other Stockholders.

Payment of Drag-Along Purchase Price. At the closing of the Drag-Along Right, the third party shall remit to all Stockholders stockholders identical consideration (the cash portion of which, if any, will be in the form of a certified check or similarly available funds) for each share of the Company Common Stock sold pursuant to the Drag-Along Right, against delivery by each Stockholder stockholder subject to the Drag-Along Right of certificates for all shares of the Company Common Stock owned by each such Stockholderstockholder, duly endorsed or with duly executed stock powers, warranting as to good and marketable title, free and clear of any liens, encumbrances and adverse claims, and the compliance with any other conditions of closing applicable to the other Stockholders.