Common use of Placement Share Payment and Delivery Clause in Contracts

Placement Share Payment and Delivery. (i) The Placement Shares, in the form of Class A ordinary shares, will be delivered by the Company to the Investors against payment of the Purchase Price therefor at the offices of Ortoli Rosenstadt LLP, 000 Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000 (the “Underwriter Counsel”), at 10:00 a.m. Eastern time, on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Closing Notice”) requesting that the Offering be closed has been delivered by the Company and by the Underwriter to [Escrow Agent] pursuant to the Escrow Deposit Agreement (the “Escrow Agreement”). The Closing Notice may be delivered at any time pursuant to the Escrow Agreement. The Closing Date shall be no later than [90] days from the effective date (the “Effective Date”) of the Registration Statement (as defined below) (the “Initial Termination Date”), unless extended by the Company and the Underwriter for an additional [60] days (the “Final Termination Date,” and collectively with the Initial Termination Date, the “Termination Date”). One or more closings may be conducted prior to the Termination Date.

Appears in 2 contracts

Samples: Underwriting Agreement (HiTek Global Inc.), Underwriting Agreement (HiTek Global Inc.)

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Placement Share Payment and Delivery. (i) The Placement Shares, in the form of Class A ordinary shares, will be delivered by the Company to the Investors against payment of the Purchase Price therefor at the offices of Ortoli Rosenstadt LLP, 000 Xxxxxxx Xxxxxx, 0xx 00xx Xxxxx, Xxx Xxxx, XX 00000 (the “Underwriter Counsel”), at 10:00 a.m. Eastern time, on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Closing Notice”) requesting that the Offering be closed has been delivered by the Company and by the Underwriter to [Escrow Agent] Signature Bank pursuant to the Stock Escrow Deposit Agreement (the “Escrow Agreement”). The Closing Notice may be delivered at any time pursuant to the Escrow Agreement. The Closing Date shall be no later than [90] 180 days from the effective date (the “Effective Date”) of the Registration Statement (as defined below) (the “Initial Termination Date”), unless extended by the Company and the Underwriter for an additional [60] 45 days (the “Final Termination Date,” and collectively with the Initial Termination Date, the “Termination Date”). One or more closings may be conducted prior to the Termination Date.

Appears in 1 contract

Samples: Underwriting Agreement (SSLJ. COM LTD)

Placement Share Payment and Delivery. (i) The Placement Shares, in the form of Class A ordinary shares, Shares will be delivered by the Company to the Investors against payment of the Purchase Price therefor at the offices of Ortoli Rosenstadt Davidoff Hutcher & Citron LLP, 000 Xxxxxxx Xxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000 (the “Underwriter Counsel”), at 10:00 a.m. Eastern time, on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Closing Notice”) requesting that the Offering be closed has been delivered by the Company and by the Underwriter to [to[ _______________________](the “Escrow Agent] ”) pursuant to the Stock Escrow Deposit Agreement (the “Escrow Agreement”). The Closing Notice may be delivered at any time pursuant to the terms of the Escrow Agreement. The Closing Date shall be no later than [90] days from the effective date (the “Effective Date”) of the Registration Statement (as defined below) _______, 2020 (the “Initial Termination Date”), unless extended by the Company and the Underwriter for an additional [60] 90 days (the “Final Termination Date,” and collectively with the Initial Termination Date, the “Termination Date”). One or more closings may be conducted prior to the Termination Date.

Appears in 1 contract

Samples: Underwriting Agreement (E-Home Household Service Holdings LTD)

Placement Share Payment and Delivery. (i) The Placement Shares, in the form of Class A ordinary shares, will be delivered by the Company to the Investors against payment of the Purchase Price therefor at the offices of Ortoli Rosenstadt LLP, 000 300 Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000 (the “Underwriter Counsel”), at 10:00 a.m. Eastern time, on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Closing Notice”) requesting that the Offering be closed has been delivered by the Company and by the Underwriter to [Escrow Agent] FinTech Clearing, LLC pursuant to the Escrow Deposit Agreement (the “Escrow Agreement”). The Closing Notice may be delivered at any time pursuant to the Escrow Agreement. The Closing Date shall be no later than [90] 90 days from the effective date (the “Effective Date”) of the Registration Statement (as defined below) (the “Initial Termination Date”), unless extended by the Company and the Underwriter for an additional [60] 60 days (the “Final Termination Date,” and collectively with the Initial Termination Date, the “Termination Date”). One or more closings may be conducted prior to the Termination Date.

Appears in 1 contract

Samples: Underwriting Agreement (Leaping Group Co., Ltd.)

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Placement Share Payment and Delivery. (i) The Placement Shares, in the form of Class A ordinary shares, will be delivered by the Company to the Investors against payment of the Purchase Price therefor at the offices of Ortoli Rosenstadt LLP, 000 300 Xxxxxxx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, XX 00000 (the “Underwriter Counsel”), at 10:00 a.m. Eastern time, on the second (2nd) Business Day after the date (each, a “Closing Date”) on which notice (each, a “Closing Notice”) requesting that the Offering be closed has been delivered by the Company and by the Underwriter to [Escrow Agent] Sxxxxx Securities Clearing, LLC pursuant to the Escrow Deposit Agreement (the “Escrow Agreement”). The Closing Notice may be delivered at any time pursuant to the Escrow Agreement. The Closing Date shall be no later than [90] days from the effective date (the “Effective Date”) of the Registration Statement (as defined below) September 30, 2019 (the “Initial Termination Date”), unless extended by the Company and the Underwriter for an additional [60] 90 days (the “Final Termination Date,” and collectively with the Initial Termination Date, the “Termination Date”). One or more closings may be conducted prior to the Termination Date.

Appears in 1 contract

Samples: Underwriting Agreement (Leaping Group Co., Ltd.)

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