Delivery and Payment Clause Example with 14 Variations from Business Contracts
This page contains Delivery and Payment clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Delivery and Payment. (a) Closing. Delivery of the Firm Shares shall be made to the Representatives through the facilities of the Depository Trust Company ("DTC") for the respective accounts of the Underwriters against payment of the Purchase Price by wire transfer of immediately available funds to the Company. Such payment shall be made at 10:00 a.m., New York City time, on the second business day (the third business day, should the offering be priced after 4:00 p.m., Eastern Time) after the date on which the first ...bona fide offering of the Firm Shares to the public is made by the Underwriters or at such time on such other date, not later than ten business days after such date, as may be agreed upon by the Company and the Representatives (such date is hereinafter referred to as the "Closing Date"). (b) Option Closing. To the extent the Option is exercised, delivery of the Option Shares against payment by the Representatives (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Shares Notice. (c) Electronic Transfer. Electronic transfer of Shares shall be made at the time of purchase in such names and in such denominations as the Representatives shall specify. (d) Tax Stamps. The cost of original issue tax stamps, if any, in connection with the issuance and delivery of the Shares by the Company to the respective Underwriters shall be borne by the Company. The Company shall pay and hold each Underwriter and any subsequent holder of the Shares harmless from any and all liabilities with respect to or resulting from any failure or delay in paying Federal and state stamp and other transfer taxes, if any, which may be payable or determined to be payable in connection with the original issuance or sale to such Underwriter of the Shares.View More
Variations of a "Delivery and Payment" Clause from Business Contracts
Delivery and Payment. (a) Closing. Delivery of the Firm Shares shall be made to the Representatives Representative through the facilities of the Depository Trust Company ("DTC") for the respective accounts of the Underwriters against payment of the Purchase Price by wire transfer of immediately available funds to the order of the Company. Such payment shall be made at 10:00 a.m., New York City time, on the second third business day (the third fourth business day, should the offering Offering be priced after 4:00 p.m...., Eastern New York City Time) after the date on which the first bona fide offering of the Firm Shares to the public is made by the Underwriters this Agreement or at such time on such other date, not later than ten business days after such date, as may be agreed upon by the Company and the Representatives Representative (such date is hereinafter referred to as the "Closing Date"). (b) Option Closing. To the extent the Option is exercised, delivery of the Option Shares against payment by the Representatives (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Shares Notice. (c) Electronic Transfer. Electronic transfer of Shares the Securities shall be made at the time of purchase in such names and in such denominations as the Representatives Representative shall specify. (d) (c) Tax Stamps. The cost of original issue tax stamps, if any, in connection with the issuance and delivery of the Shares Securities by the Company to the respective Underwriters shall be borne by the Company. The Company shall pay and hold each Underwriter and any subsequent holder of the Shares Securities harmless from any and all liabilities with respect to or resulting from any failure or delay in paying Federal United States federal and state and foreign stamp and other transfer taxes, if any, which may be payable or determined to be payable in connection with the original issuance or issuance, sale and delivery to such Underwriter of the Shares. Securities. View More
Delivery and Payment. (a) Closing. Delivery of the Firm Shares Units shall be made to the Representatives Representative through the facilities of the Depository Trust Company ("DTC") for the respective accounts of the Underwriters against payment of the Purchase Price by wire transfer of immediately available funds to the order of the Company. Such payment shall be made at 10:00 a.m., New York City time, on the second business day (the third business day, should the offering Offering be priced after 4:00 p.m., Easte...rn New York City Time) after the date on which the first bona fide offering of the Firm Shares to the public is made by the Underwriters this Agreement or at such time on such other date, not later than ten business days after such date, as may be agreed upon by the Company and the Representatives Representative (such date is hereinafter referred to as the "Closing Date"). (b) Option Closing. To the extent the Option is exercised, delivery of the Option Shares Securities against payment by the Representatives Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Shares Notice. (c) Electronic Transfer. Electronic transfer of Shares the Offered Securities shall be made at the time of purchase in such names and in such denominations as the Representatives Representative shall specify. (d) Tax Stamps. The cost of original issue tax stamps, if any, in connection with the issuance and delivery of the Shares Offered Securities by the Company to the respective Underwriters shall be borne by the Company. The Company shall pay and hold each Underwriter and any subsequent holder of the Shares Offered Securities harmless from any and all liabilities with respect to or resulting from any failure or delay in paying Federal United States federal and state and foreign stamp and other transfer taxes, if any, which may be payable or determined to be payable in connection with the original issuance or issuance, sale and delivery to such Underwriter of the Shares. Offered Securities. View More
Delivery and Payment. (a) Closing. Delivery of the Firm Shares Units shall be made to the Representatives Representative through the facilities of the Depository Trust Company ("DTC") for the respective accounts of the Underwriters against payment of the Purchase Price by wire transfer of immediately available funds to the order of the Company. Such payment shall be made at 10:00 a.m., New York City time, on the second business day (the third business day, should the offering Offering be priced after 4:00 p.m., Easte...rn New York City Time) after the date on which the first bona fide offering of the Firm Shares to the public is made by the Underwriters this Agreement or at such time on such other date, not later than ten business days after such date, as may be agreed upon by the Company and the Representatives Representative (such date is hereinafter referred to as the "Closing Date"). (b) Option Closing. To the extent the Option is exercised, delivery of the Option Shares Units against payment by the Representatives Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Shares Notice. (c) Electronic Transfer. Electronic transfer of Shares the Offered Securities shall be made at the time of purchase in such names and in such denominations as the Representatives Representative shall specify. (d) Tax Stamps. The cost of original issue tax stamps, if any, in connection with the issuance and delivery of the Shares Offered Securities by the Company to the respective Underwriters shall be borne by the Company. The Company shall pay and hold each Underwriter and any subsequent holder of the Shares Offered Securities harmless from any and all liabilities with respect to or resulting from any failure or delay in paying Federal United States federal and state and foreign stamp and other transfer taxes, if any, which may be payable or determined to be payable in connection with the original issuance or issuance, sale and delivery to such Underwriter of the Shares. Offered Securities. View More
Delivery and Payment. (a) Closing. Delivery of the Firm Shares shall be made to the Representatives Representative through the facilities of the Depository Trust Company ("DTC") for the respective accounts of the Underwriters against payment of the Purchase Price by wire transfer of immediately available funds to the order of the Company. Such payment shall be made at 10:00 a.m., New York City time, on the second business day (the third business day, should the offering Offering be priced after 4:00 p.m., Eastern New... York City Time) after the date on which the first bona fide offering of the Firm Shares to the public is made by the Underwriters this Agreement or at such time on such other date, not later than ten business days after such date, as may be agreed upon by the Company and the Representatives Representative (such date is hereinafter referred to as the "Closing Date"). (b) Option Closing. To the extent the Option is exercised, delivery of the Option Shares against payment by the Representatives Underwriters (in the manner and at the location specified above) shall take place at the time and date (which may be the Closing Date, but not earlier than the Closing Date) specified in the Option Shares Notice. (c) Electronic Transfer. Electronic transfer of Shares the Offered Securities shall be made at the time of purchase in such names and in such denominations as the Representatives Representative shall specify. (d) Tax Stamps. The cost of original issue tax stamps, if any, in connection with the issuance and delivery of the Shares Offered Securities by the Company to the respective Underwriters shall be borne by the Company. The Company shall pay and hold each Underwriter and any subsequent holder of the Shares Offered Securities harmless from any and all liabilities with respect to or resulting from any failure or delay in paying Federal United States federal and state and foreign stamp and other transfer taxes, if any, which may be payable or determined to be payable in connection with the original issuance or issuance, sale and delivery to such Underwriter of the Shares. Offered Securities. View More
