Examples of First Time of Delivery in a sentence
Each Shareholder’s obligation under Sections 2.1 and 2.2 shall be subject to the condition that the Trust Securities that are deliverable under the Purchase Agreement at the First Time of Delivery (as defined in the Purchase Agreement) shall have been delivered and paid for at the First Time of Delivery.
Such time and date for delivery of the Firm Securities is herein called the “First Time of Delivery”, such time and date for delivery of the Optional Securities, if not the First Time of Delivery, is herein called the “Second Time of Delivery”, and each such time and date for delivery is herein called a “Time of Delivery”.
Each Shareholder agrees to pay or cause to be paid to the Service Provider in Federal (immediately available) funds at the First Time of Delivery its Pro Rata Share of the Up-Front Fee Amount and the Up-Front Expense Amount.
The initial forward amount for the Contract Shares (the “Firm Initial Forward Amount”) shall be an amount equal to the product of the Applicable Percentage and the excess of (i) the aggregate proceeds to Purchaser from the sale of the Firm Trust Securities determined in accordance with the first Paragraph of Section 2 of the Securities Purchase Agreement over (ii) the aggregate cost to Purchaser, as notified by Purchaser to Shareholder at the First Time of Delivery, of the Initial Treasury Securities.
Each Shareholder’s obligations under Section 2.1 shall be subject to the condition that the Trust Securities that are deliverable under the Purchase Agreement at the First Time of Delivery (as defined in the Purchase Agreement) shall have been issued and paid for at the First Time of Delivery.