Common use of Payment of Purchase Price and Delivery of Certificates Clause in Contracts

Payment of Purchase Price and Delivery of Certificates. Payments on account of the purchase price shall be made by negotiable check, certified by a chartered bank or trust company or by wire transfer of funds to an account of a chartered bank or by official bank draft drawn on a chartered bank against receipt by the purchaser of the share certificate or certificates representing the Shares, Convertible Securities or other securities being purchased, duly endorsed for transfer in blank.

Appears in 5 contracts

Samples: Shareholder Agreement, Shareholder Agreement (Matthews Terence H), Shareholder Agreement (Morgan Stanley)

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