Common use of Purchase and Delivery Clause in Contracts

Purchase and Delivery. Except as otherwise provided in this Section 3, payment for the Debt Securities shall be made by wire transfer, of immediately available funds, by the Underwriters to the order of the Company, at the time set forth in this Agreement, upon delivery to the Manager for the respective accounts of the several Underwriters of the Debt Securities, registered in such names and in such denominations as the Manager shall request in writing not less than two full business days prior to the date of delivery.

Appears in 7 contracts

Samples: Underwriting Agreement (Yum Brands Inc), Underwriting Agreement (Yum Brands Inc), Underwriting Agreement (Yum Brands Inc)

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