Common use of Payment of Proceeds Clause in Contracts

Payment of Proceeds. The stock certificates that the Participating Stockholders deliver to the Selling Major Stockholder pursuant to Section 6.2 shall be transferred by the Selling Major Stockholder to the acquirer in consummation of the sale of the Sale Shares pursuant to the terms and conditions specified in the Sale Notice, and the Selling Major Stockholder shall promptly thereafter remit to the Participating Stockholders that portion of the sale proceeds to which such Participating Stockholder is entitled by reason of its participation in such sale.

Payment of Proceeds. The stock certificates that the Participating Stockholders deliver to the Selling Major Stockholder pursuant to Section 6.2 5.02 shall be transferred by the Selling Major Stockholder to the acquirer in consummation of the sale of the Sale Shares pursuant to the terms and conditions specified in the Sale Notice, and the Selling Major Stockholder shall promptly thereafter remit to the Participating Stockholders that portion of the sale proceeds to which such Participating Stockholder is entitled by reason of its participation in such sale.

Payment of Proceeds. The stock certificates that the Participating Stockholders deliver to the Selling Major Stockholder Proposed Sellers pursuant to Section 6.2 shall be transferred by the Selling Major Stockholder Proposed Sellers to the acquirer or acquirers, as applicable, in consummation of the sale of the Sale Shares pursuant to the terms and conditions specified in the Sale Notice, and the Selling Major Stockholder Proposed Sellers shall promptly thereafter remit to the Participating Stockholders that portion of the sale proceeds to which such Participating Stockholder is entitled by reason of its participation in such sale.

Payment of Proceeds. The stock certificates that the Participating Stockholders deliver to the Selling Major Transferring Stockholder pursuant to Section 6.2 3.2 shall be transferred by the Selling Major Transferring Stockholder to the acquirer in consummation of the sale of the Sale Shares pursuant to the terms and conditions specified in the Sale NoticeNotice to the Stockholder, and the Selling Major Transferring Stockholder shall promptly thereafter remit to the Participating Stockholders against delivery of their stock certificates that portion of the sale proceeds to which such Participating Stockholder is entitled by reason of its participation in such sale.

Payment of Proceeds. The stock certificates that the Participating Stockholders deliver Investor delivers to the Selling Major Stockholder shareholder pursuant to Section 6.2 8.2 shall be transferred by the Selling Major Stockholder shareholder to the acquirer purchase offer or in consummation of the sale of the Sale Shares Common Stock pursuant to the terms and conditions specified in the Sale NoticeDisposition Notice to the Investor, and the Selling Major Stockholder shareholder shall promptly thereafter remit to the Participating Stockholders Investor that portion of the sale proceeds to which such Participating Stockholder is the Investor are entitled by reason of its their participation in such sale.

Payment of Proceeds. The stock certificates that which the Participating Stockholders Investors deliver to the Selling Major Stockholder Representative pursuant to Section 6.2 2.2 shall be transferred by the Selling Major Stockholder Representative to the acquirer Purchaser in consummation of the sale of the Sale Shares Stock pursuant to the terms and conditions specified in the Sale Notice5% Disposition Notice to the Investors, and the Selling Major Stockholder Representative shall promptly thereafter remit to the Participating Stockholders each Investor that portion of the sale proceeds to which such Participating Stockholder each Investor is entitled by reason of its his participation in such sale, together with a new certificate for any unsold Stock.