Payment and Delivery Clause Example from Business Contracts

Payment and Delivery. Payment for the Securities shall be made by wire transfer to the Company in Federal or other funds immediately available in New York City on the closing date and time set forth in Schedule I hereto, or at such other time on the same or such other date, not later than the fifth business day thereafter, as may be mutually agreed upon in writing by you and the Company. The time and date of such payment are hereinafter referred to as the "Closing Date." Payment for the Securities shall be made again...st delivery of the Securities to you through the facilities of The Depository Trust Company ("DTC") on the Closing Date for the respective accounts of the several Underwriters in definitive global form registered in the name of DTC or its nominee, with any transfer taxes payable in connection with the transfer of the Securities to the Underwriters duly paid. View More