Common use of Procedure at the Closing Clause in Contracts

Procedure at the Closing. At the Closing, the parties agree to take the following steps in the order listed below (provided, however, that upon their completion all such steps shall be deemed to have occurred simultaneously): 3.2.1 The Shareholders shall deliver to LKQ the certificates, instruments and other documents required to be delivered by the Shareholders pursuant to Section 7.0. 3.2.2 LKQ shall deliver to the Shareholders the certificates, instruments and other documents required to be delivered by LKQ pursuant to Section 8.0. 3.2.3 The Shareholders shall deliver to LKQ certificates evidencing the Shares, duly endorsed in blank or accompanied by duly executed stock powers. 3.2.4 LKQ shall pay to each of the Shareholders such Shareholder’s Cash Consideration by wire transfer. 3.2.5 LKQ shall pay to the Escrow Agent the Escrow Amount by wire transfer. 3.2.6 LKQ and the Shareholders shall execute and deliver a cross receipt acknowledging receipt from the other, respectively, of the Shares and the Purchase Price.

Procedure at the Closing. At the Closing, the parties agree to take the following steps in the order listed below (provided, however, that upon their completion all such steps shall be deemed to have occurred simultaneously): 3.2.1 The Shareholders Shareholder shall deliver to LKQ the certificates, instruments and other documents required to be delivered by the Shareholders Shareholder pursuant to Section 7.0. 3.2.2 LKQ shall deliver to the Shareholders Shareholder the certificates, instruments and other documents required to be delivered by LKQ pursuant to Section 8.0. 3.2.3 The Shareholders Shareholder shall deliver to LKQ certificates evidencing the Shares, duly endorsed in blank or accompanied by duly executed stock powers. 3.2.4 LKQ shall pay to each of the Shareholders such Shareholder’s Shareholder the Cash Consideration by wire transfer. 3.2.5 LKQ shall pay deliver to the Escrow Agent the Escrow Amount Funds by wire transfer. 3.2.6 LKQ and the Shareholders Shareholder shall execute and deliver a cross receipt acknowledging receipt from the other, respectively, of the Shares and the Purchase Price.