Payment and Delivery Clause Example with 7 Variations from Business Contracts
This page contains Payment and Delivery 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.
Payment and Delivery. The Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company ("DTC") for the account of such Underwriter, against payment by or on behalf ...of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the seventh business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company). The time at which such payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." (b) Option Shares. Any Option Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of DTC for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours' prior notice. The Company will cause the certificates representing the Option Shares to be made available for checking and packaging at least twenty-four (24) hours prior to the Date of Delivery with respect thereto at the Designated Office. The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives in the notice given by the Representatives to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives may agree upon in writing.View More
Variations of a "Payment and Delivery" Clause from Business Contracts
Payment and Delivery. (a) Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names and amounts as the Representatives Representative may request upon at least forty-eight (48) 48 hours' prior notice to the Company Company, shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, Representative through the facilities of The Depository Trust Com...pany ("DTC") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives Representative by the Company upon at least forty-eight (48) hours prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). Company. The time and date of such delivery and payment shall be 9:30 a.m., New York City time, at the office of Clifford Chance US LLP, 31 West 52nd Street, New York, New York 10019 (the "Designated Office"), on the seventh third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives Representative and the Company). The time and date at which such delivery and payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." Time." (b) Option Shares. Any Option Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names and amounts as the Representatives Representative may request upon at least forty-eight (48) hours 48 hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, Representative through the facilities of DTC for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives Representative by the Company upon at least forty-eight (48) hours' prior notice. The Company will cause the certificates representing the Option Shares to be made available for checking and packaging at least twenty-four (24) hours prior to the Date of Delivery with respect thereto at the Designated Office. Company. The time and date of such delivery and payment shall be 9:30 a.m., New York City time, at the Designated Office, on the date specified by the Representatives Representative in the notice given by the Representatives Representative to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives Representative may agree upon in writing. View More
Payment and Delivery. (a) Initial Shares. The Initial Shares to be purchased by each Underwriter the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company ("DTC") for the account of such ...Underwriter, the Underwriters, against payment by or on behalf of such Underwriter the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours hours' prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the seventh business day after the date hereof May 15, 2014 (unless another time and date shall be agreed to by the Representatives and the Company). Company) at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York 10166. The time and date at which such delivery and payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." Time." 3 (b) Option Shares. Any Option Shares to be purchased by each Underwriter the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of DTC for the account of such Underwriter, the Underwriters, against payment by or on behalf of such Underwriter the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours' prior notice. The Company will cause the certificates representing the Option Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Date of Delivery with respect thereto at the Designated Office. The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives in the notice given by the Representatives to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives may agree upon in writing. writing at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York 10166. View More
Payment and Delivery. (a) Initial Shares. The Initial Shares to be purchased by each Underwriter the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company ("DTC") for the 3 account of suc...h Underwriter, the Underwriters, against payment by or on behalf of such Underwriter the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the account accounts specified in writing to the Representatives by the Company upon at least forty-eight (48) hours hours' prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the seventh third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company). Company) at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York 10166. The time and date at which such delivery and payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." Time." (b) Option Shares. Any Option Shares to be purchased by each Underwriter the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of DTC for the account of such Underwriter, the Underwriters, against payment by or on behalf of such Underwriter the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours' prior notice. The Company will cause the certificates representing the Option Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Date of Delivery with respect thereto at the Designated Office. The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives in the notice given by the Representatives to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives may agree upon in writing. writing at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York 10166. View More
Payment and Delivery. (a) Initial Shares. The Initial Shares to be purchased by each Underwriter the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company ("DTC") for the 3 account of suc...h Underwriter, the Underwriters, against payment by or on behalf of such Underwriter the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours hours' prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the seventh third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:00 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company). Company) at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York 10166. The time and date at which such delivery and payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." Time." (b) Option Shares. Any Option Shares to be purchased by each Underwriter the Underwriters hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of DTC for the account of such Underwriter, the Underwriters, against payment by or on behalf of such Underwriter the Underwriters of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours' prior notice. The Company will cause the certificates representing the Option Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Date of Delivery with respect thereto at the Designated Office. The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives in the notice given by the Representatives to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives may agree upon in writing. writing at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York 10166. View More
Payment and Delivery. (a) Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of The Depository Trust Company ("DTC") for the account of such Underwriter, agai...nst payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours hours' prior notice. The Company will cause the certificates representing the Initial Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the seventh business day after the date hereof April 10, 2013 (unless another time and date shall be agreed to by the Representatives and the Company). Company) at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York 10166. The time and date at which such delivery and payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." Time." (b) Option Shares. Any Option Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of DTC for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company upon at least forty-eight (48) hours' prior notice. The Company will cause the certificates representing the Option Shares to be made available for checking time, date and packaging at least twenty-four (24) hours prior to the Date of Delivery with respect thereto at the Designated Office. The time and date place of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives in the notice given by the Representatives to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives may agree upon in writing. writing at the office of Hunton & Williams LLP, counsel for the Underwriters, 200 Park Avenue, 52nd Floor, New York, New York, 10166. View More
Payment and Delivery. (a) Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, hereunder and, to the extent the Initial Shares exist in definitive form, and in such authorized denominations and registered in such names as the Representatives Representative may request upon at least forty-eight (48) hours' prior notice to the Company Company, shall be delivered by or on behalf of the Company to the Representatives, Representative, including, at the option of the Representatives, Representa...tive, through the facilities of The Depository Trust Company ("DTC") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives Representative by the Company Company, upon at least forty-eight (48) hours hours' prior notice. The To the extent the Initial Shares exist in definitive form, the Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four (24) hours not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, Gibson, Dunn & Crutcher LLP, 1050 Connecticut Avenue, N.W., Washington, DC 20036, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date of such the delivery of the Initial Shares and payment shall be 9:30 a.m., New York City time, on the seventh third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives Representative and the Company). The time and date at which such delivery and payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." Time." (b) Option Shares. Any Option Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives Representative may request upon at least forty-eight (48) hours hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, Representative, including, at the option of the Representatives, Representative, through the facilities of DTC for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives Representative by -3- the Company Company, upon at least forty-eight (48) hours' prior notice. The To the extent the Option Shares exist in definitive form, the Company will cause the certificates representing the Option Shares to be made available for checking and packaging at least twenty-four (24) hours prior to the Date of Delivery Option Closing Time with respect thereto at the Designated Office. The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives Representative in the notice given by the Representatives Representative to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives Representative may agree upon in writing. View More
Payment and Delivery. (a) Initial Shares. The Initial Shares to be purchased by each Underwriter hereunder, hereunder and, to the extent the Initial Shares exist in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours' prior notice to the Company and the Selling Stockholders shall be delivered by or on behalf of the Company and the Selling Stockholders to the Representatives, including, at the option of the Represent...atives, through the facilities of The Depository Trust Company ("DTC") for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company and each of the Selling Stockholders, upon at least forty-eight (48) hours hours' prior notice. The To the extent the Initial Shares exist in definitive form, the Company will cause the certificates representing the Initial Shares to be made available for checking and packaging at least twenty-four (24) hours not later than 1:00 p.m. New York City time on the business day prior to the Closing Time (as defined below) with respect thereto at the office of DLA Piper LLP (US), 1251 Avenue of the Americas, New York, New York 10020, Gibson, Dunn & Crutcher, 2029 Century Park East, Los Angeles, California 90067, or at the office of DTC or its designated custodian, as the case may be (the "Designated Office"). The time and date of such the delivery of the Initial Shares and payment shall be 9:30 a.m., New York City time, on the seventh third (fourth, if the determination of the purchase price of the Initial Shares occurs after 4:30 p.m., New York City time) business day after the date hereof (unless another time and date shall be agreed to by the Representatives and the Company). The time and date at which such delivery and payment and delivery of the Initial Shares are actually made is hereinafter sometimes called the "Closing Time," and the date of payment and delivery of both the Initial Shares and the Option Shares is hereinafter sometimes called the "Date of Delivery." Time." (b) Option Shares. Any Option Shares to be purchased by each Underwriter hereunder, in definitive form, and in such authorized denominations and registered in such names as the Representatives may request upon at least forty-eight (48) hours hours' prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, including, at the option of the Representatives, through the facilities of DTC for the account of such Underwriter, against payment by or on behalf of such Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified in writing to the Representatives by the Company Company, upon at least forty-eight (48) hours' prior notice. The Company will cause the certificates representing the Option Shares to be made available for checking and packaging at least twenty-four (24) hours prior to the Date of Delivery Option Closing Time with respect thereto -3- at the Designated Office. The time and date of such delivery and payment shall be 9:30 a.m., New York City time, on the date specified by the Representatives in the notice given by the Representatives to the Company of the Underwriters' election to purchase such Option Shares or on such other time and date as the Company and the Representatives may agree upon in writing. View More
