Payment of Stock Consideration. CUNB shall have delivered the Stock Consideration to the Exchange Agent and the Exchange Agent shall have provided FENB with a certificate evidencing such delivery.
Payment of Stock Consideration. On the Closing Date, the Buyer shall cause to be delivered to the Selling Shareholders stock certificates evidencing either 603,154.2 shares or 627,280.4 shares of Protea Series A Preferred Stock (as applicable) representing (i) the Stock Consideration, less (ii) the Holdback Amount set forth in Section 2.3 below. Such stock certificates shall be registered in the names of each of the Selling Shareholders and the Option Holders and shall be in such number of shares of Protea Series A Preferred Stock to be issued or issuable to each Selling Shareholder as shall be as set forth on Schedule 2.2 annexed hereto and for an Option Holder in accordance with the Option Holder’s Letter.
Payment of Stock Consideration. Purchaser shall pay, deliver and ------------------------------- issue the Stock Consideration to Sellers as follows:
Payment of Stock Consideration. APR Unit Agreements 5
Payment of Stock Consideration. FCAL shall have delivered the Stock Consideration or the Adjusted Stock Consideration, as applicable, to the Exchange Agent and the Exchange Agent shall have provided PSBK with a certificate evidencing such delivery.
Payment of Stock Consideration. On the Closing Date, the Buyer shall cause to be delivered to the Selling Shareholders stock certificates evidencing (i) the applicable number of shares of Protea Series A Preferred Stock, or (ii) upon consummation of the anticipated underwritten public offering referred to in Section 2.5(b) below and listing of its Common Stock on the Nasdaq Capital Markets, the applicable number of shares of Protea Common Stock, in either case, representing (A) the Stock Consideration, less (B) the Holdback Amount set forth in Section 2.3 below. Such stock certificates shall be registered in the names of each of the Selling Shareholders and the Option Holders and shall be in such number of shares of Protea Stock Consideration to be issued or issuable to each Selling Shareholder as shall be as set forth on Schedule 2.2 annexed hereto and for an Option Holder in accordance with the Option Holder’s Letter.
Payment of Stock Consideration a. Section 3.1(b) is hereby amended by deleting it in its entirety and replacing it with the following:
Payment of Stock Consideration. Subject to Section 2.02(g), the Stock Consideration shall be paid in twelve installments as follows:
Payment of Stock Consideration. 3 2.04 Aggregate Cash Consideration Adjustment Mechanism. . . . . . . . . . . . . 3 2.05 Make-Whole Adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2.06
Payment of Stock Consideration. On the Closing Date, Purchaser --------------------------------- shall issue to the Sellers Stock Consideration of 1,786,666 shares of Purchaser Stock.
