Common use of The Swap Clause in Contracts

The Swap. Within ten (10) business days after the execution of this Agreement, the Parties shall deliver their respective shares, with appropriate signature guarantee to Commerce Street Venture Group, Inc., who shall submit the share certificates to the respective transfer agent for the companies, with instructions to transfer the shares into the name of the other party. When the shares of both parties are returned, after appropriate transfer, Commerce Street Venture Group, Inc. shall then deliver the respective new shares to the parties.

Appears in 3 contracts

Samples: Share Swap Agreement (Legend Motors Worldwide, Inc.), Share Swap Agreement (Legend Motors Worldwide, Inc.), Share Swap Agreement (Legend Motors Worldwide, Inc.)

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The Swap. Within ten (10) business days after the execution of this Agreement, the Parties shall deliver their respective shares, with appropriate signature guarantee to Commerce Street Venture Group, Inc., who shall submit the share certificates to the respective transfer agent for the companiescompany, with instructions to transfer the shares into the name of the other party. When the shares of both parties are returned, after appropriate transfer, Commerce Street Venture Group, Inc. shall then deliver the respective new shares to the parties.

Appears in 2 contracts

Samples: Share Swap Agreement (Legend Motors Worldwide, Inc.), Share Swap Agreement (Legend Motors Worldwide, Inc.)

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