Delivery and Payment Clause Example with 4 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. Delivery of and payment for the Underwritten Units and the Option Units (if the option provided for in Section 2 hereof shall have been exercised on or before the third Business Day prior to the Closing Date) shall be made on the date and at the time specified in Schedule I hereto or at such time on such later date not more than three Business Days after the foregoing date as the Representatives shall designate, which date and time may be postponed by agreement between the Representatives and th...e Partnership or as provided in Section 9 hereof (such date and time of delivery and payment for the Units being herein called the “Closing Date”). Delivery of the Units shall be made to the Underwriters against payment by the Underwriters of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. Delivery of the Underwritten Units and the Option Units shall be made through the facilities of The Depository Trust Company unless the Representatives shall otherwise instruct. If the option provided for in Section 2(b) hereof is exercised after the third Business Day prior to the Closing Date, the Partnership will deliver the Option Units (at the expense of the Partnership) to the Underwriters, on the date specified by the Underwriters (which shall be within three Business Days after exercise of said option), against payment by the Underwriters of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. If settlement for the Option Units occurs after the Closing Date, the Partnership will deliver to the Underwriters on the settlement date for the Option Units (each, an “Option Closing Date”), and the obligation of the Underwriters to purchase the Option Units shall be conditioned upon receipt of, supplemental opinions, certificates and letters confirming as of such date the opinions, certificates and letters delivered on the Closing Date pursuant to Section 6 hereof.View More
Variations of a "Delivery and Payment" Clause from Business Contracts
Delivery and Payment. Delivery of and payment for the Underwritten Firm Units and the Option Units (if the option provided for in Section 2 2(b) hereof shall have been exercised on or before the third Business Day prior to immediately preceding the Closing Date) shall be made at 9:00 AM, Houston, Texas time, on the date and at the time specified in Schedule I hereto June 10, 2016, or at such time on such later date not more than three Business Days after the foregoing date as the Representatives Underwriter shall des...ignate, which date and time may be postponed by agreement between the Representatives and the Partnership or as provided in Section 9 hereof designate (such date and time of delivery and payment for the Units being herein called the “Closing Date”). Delivery of the Units shall be made to the Underwriters Underwriter for the account of the Underwriter against payment by the Underwriters Underwriter of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. Delivery of the Underwritten Units and the Option Units shall be made through the facilities of The Depository Trust Company (“DTC”) unless the Representatives Underwriter shall otherwise instruct. 17 If the option provided for in Section 2(b) hereof is exercised after the third Business Day prior to immediately preceding the Closing Date, the Partnership will deliver the Option Units (at the expense of the Partnership) to the Underwriters, Underwriter, at 745 Seventh Avenue, New York, New York 10019, on the date specified by the Underwriters Underwriter (which shall be within three Business Days after exercise of said option), option) for the account of the Underwriter, against payment by the Underwriters Underwriter of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. If settlement for the Option Units occurs after the Closing Date, the Partnership will deliver to the Underwriters Underwriter on the settlement date for the Option Units (each, an “Option Closing Date”), Units, and the obligation of the Underwriters Underwriter to purchase the Option Units shall be conditioned upon receipt of, supplemental opinions, certificates and letters confirming as of such date the opinions, certificates and letters delivered on the Closing Date pursuant to Section 6 hereof. View More
Delivery and Payment. Delivery of and payment for the Underwritten Firm Units and the Option Units (if the option provided for in Section 2 hereof shall have been exercised on or before the third Business Day prior to the Closing Date) shall be made at the offices of Holland & Hart LLP, 555 17th Street, Suite 3200, Denver, Colorado 80202, on the date and at the time specified in Schedule I hereto or at such time on such later date not more than three Business Days after the foregoing date as the Representatives shall... designate, which date and time may be postponed by agreement between the Representatives and the Partnership or as provided in Section 9 hereof (such date and time of delivery and payment for the Units being herein called the “Closing Date”). Delivery In the event that any or all of the Units shall be made to the Underwriters against payment by the Underwriters of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. Delivery of the Underwritten Units and the Option Units shall be made through are purchased by the facilities of The Depository Trust Company unless the Representatives shall otherwise instruct. If the option provided for in Section 2(b) hereof is exercised after the third Business Day prior to the Closing Date, Underwriters, the Partnership will deliver the Option Units (at the expense of the Partnership) to the Underwriters, Representatives, at the offices of Holland & Hart LLP, 555 17th Street, Suite 3200, Denver, Colorado 80202, on the date specified by the Underwriters Representatives (which shall be within three Business Days after the exercise of said option), against payment by the Underwriters of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. option). If settlement for the Option Units occurs after the Closing Date, the Partnership will deliver or cause to be delivered to the Underwriters Representatives on the settlement date Option Closing Date for the Option Units (each, an “Option Closing Date”), Units, and the obligation of the Underwriters to purchase the Option Units shall be conditioned upon receipt of, supplemental opinions, certificates and letters confirming as of such date the opinions, certificates and letters delivered on the Closing Date pursuant to Section 6 hereof. Delivery of the Units shall be made to the Representatives for the respective accounts of the several Underwriters against payment by the several Underwriters through the Representatives of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to one or more accounts specified by the Partnership. Delivery of the Units shall be made through the facilities of The Depository Trust Company (“DTC”), unless the Representatives shall otherwise instruct. 4. Offering by Underwriters. It is understood that the several Underwriters propose to offer the Units for sale to the public as set forth in the Final Prospectus. View More
Delivery and Payment. Delivery of and payment for the Underwritten Firm Units and the Option Units (if the option provided for in Section 2 2(b) hereof shall have been exercised on or before the third Business Day business day prior to the Closing Initial Delivery Date) shall be made on the date and at the time specified in Schedule I hereto office of Vinson & Elkins L.L.P., 1001 Fannin, Houston, Texas 77002 at 9:00 a.m., Houston time, on March 3, 2015, or at such time on such later date not more than three Business ...Days business days after the foregoing date as the Representatives Representative shall designate, which date and time may be postponed by agreement between the Representatives Representative and the Partnership or as provided in Section 9 hereof (such date and time of delivery and payment for the Units being herein called the “Closing “Initial Delivery Date”). Delivery of the Units shall be made to the Underwriters Underwriter against payment by the Underwriters Underwriter of the purchase price 13 thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. Delivery of the Underwritten Firm Units and the Option Units shall be made through the facilities of The Depository Trust Company unless the Representatives Representative shall otherwise instruct. If the option provided for in Section 2(b) hereof is exercised after the third Business Day business day prior to the Closing Initial Delivery Date, the Partnership will deliver the Option Units (at the expense of the Partnership) to the Underwriters, Representative on the date (an “Option Units Delivery Date”) specified by the Underwriters Underwriter (which shall be within three Business Days business days after each exercise of said option), for the account of the Underwriter, against payment by the Underwriters Underwriter of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. If settlement for the Option Units occurs after the Closing Initial Delivery Date, the Partnership will deliver to the Underwriters Underwriter on the settlement date Option Units Delivery Date for the Option Units (each, an “Option Closing Date”), Units, and the obligation of the Underwriters Underwriter to purchase the Option Units shall be conditioned upon receipt of, supplemental opinions, certificates and letters confirming as of such date the opinions, certificates and letters delivered on the Closing Initial Delivery Date pursuant to Section 6 7 hereof. The Initial Delivery Date and any Option Units Delivery Date are each sometimes referred to as a “Delivery Date.” 4. Offering by the Underwriter. It is understood that the Underwriter proposes to offer the Units for sale to the public as set forth in the Prospectus. View More
Delivery and Payment. Delivery of and payment for the Underwritten Units Firm Shares and the Option Units Shares (if the option provided for in Section 2 2(b) hereof shall have been exercised on or before the third Business Day business day prior to the Closing Initial Delivery Date) shall be made on the date and at the time specified in Schedule I hereto office of Vinson & Elkins L.L.P., 1001 Fannin, Houston, Texas 77002 at 9:00 a.m., Houston time, on March 1, 2017, or at such time on such later date not more than t...hree Business Days business days after the foregoing date as the Representatives Representative shall designate, which date and time may be postponed by agreement between the Representatives Representative and the Partnership or as provided in Section 9 hereof (such date and time of delivery and payment for the Units Shares being herein called the “Closing “Initial Delivery Date”). Delivery of the Units Shares shall be made to the several Underwriters for the respective accounts of the Underwriters against payment by the several Underwriters of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. Delivery of the Underwritten Units Firm Shares and the Option Units Shares shall be made through the facilities of The Depository Trust Company unless the Representatives Representative shall otherwise instruct. If the option provided for in Section 2(b) hereof is exercised after the third Business Day business day prior to the Closing Initial Delivery Date, the Partnership will deliver the Option Units Shares (at the expense of the Partnership) to the Underwriters, Representative on the date (an “Option Shares Delivery Date”) specified by the several Underwriters (which shall be within three Business Days business days after each exercise of said option), for the respective accounts of the several Underwriters, against payment by the Underwriters of the purchase price thereof to or upon the order of the Partnership by wire transfer payable in same-day funds to an account specified by the Partnership. If settlement for the Option Units Shares occurs after the Closing Initial Delivery Date, the Partnership will deliver to the Underwriters on the settlement date Option Shares Delivery Date for the Option Units (each, an “Option Closing Date”), Shares, and the obligation of the Underwriters to purchase the Option Units Shares shall be conditioned upon receipt of, supplemental opinions, certificates and letters confirming as of such date the opinions, certificates and letters delivered on the Closing Initial Delivery Date pursuant to Section 6 7 hereof. The Initial Delivery Date and any Option Shares Delivery Date are each sometimes referred to as a “Delivery Date.” 4. Offering by the Underwriters. It is understood that the several Underwriters propose to offer the Shares for sale to the public as set forth in the Prospectus. View More
