Closing Dates Delivery Clause Samples
The "Closing Dates; Delivery" clause establishes the specific dates and procedures for the finalization of a transaction and the transfer of goods, property, or rights between parties. It typically outlines when the closing will occur, what conditions must be met before delivery, and the responsibilities of each party regarding the timing and method of delivery. For example, it may specify that all documents and payments must be exchanged by a certain date, and that the seller must deliver the goods to a designated location. This clause ensures that both parties are clear on their obligations and timelines, reducing the risk of misunderstandings or delays in completing the transaction.
Closing Dates Delivery. Within 30 days following the satisfaction of the conditions set forth in Section 4.3 below, the closing of the purchase and sale of Shares hereunder as set forth in Section 1.1(c) above (the "EU Milestone Closing") shall be held at the offices of Schering-Plough Corporation (or such other place as the parties shall mutually agree) at such time as the parties shall mutually agree (the date of the EU Milestone Closing is referred to herein as the "EU Milestone Closing Date"). At the EU Milestone Closing, the Company shall deliver to Schering a certificate or certificates, registered in Schering's name, representing the Shares purchased at the EU Milestone Closing, and Schering shall pay the total consideration for such Shares by wire transfer in immediately available funds to an account designated by the Company.
Closing Dates Delivery. 5 3.1. Closing Dates............................................... 5 ------------- 3.2. Delivery.................................................... 5 --------
Closing Dates Delivery. (a) Within 30 days following the satisfaction of the conditions set forth in Section 4.1 below, the closing of the purchase and sale of Shares hereunder as set forth in Section 1.1(a) above (the "Initial Milestone Closing") shall be held at the offices of Schering-Plough Corporation (or such other place as the parties shall mutually agree) at such time as the parties shall mutually agree (the date of the Initial Milestone Closing is referred to herein as the "Initial Milestone Closing Date"). At the Initial Milestone Closing, the Company shall deliver to Schering a certificate or certificates, registered in Schering's name, representing the Shares purchased at the Initial Milestone Closing, and Schering shall pay the total consideration for such Shares by wire transfer in immediately available funds to an account designated by the Company.
Closing Dates Delivery. The closing for the purchase and sale of the ----------------------- Termination Shares (the "Termination Closing") shall occur on November 14, 1996. At the Termination Closing, the parties shall deliver the documents, instruments and certificates specified in Section 14 hereof.
Closing Dates Delivery. The closings of the sale and purchase of ----------------------- the Shares under this Agreement shall occur as follows:
6.1 The closing for the purchase and sale of the Activation Shares (the "Activation Closing") shall occur on the Activation Date, or such other date as shall be agreed upon by the parties (the "Activation Closing Date"), by means of the parties delivering all necessary signed documents and by the Purchaser paying the full purchase price for the Activation Shares by wire transfer and credits of the First Option Payment and the Second Option Payment, at the Company's offices in Ann Arbor, Michigan. At the Activation Closing, the parties shall deliver the documents, instruments and certificates specified in Section 13 hereof.
6.2 The closing for the purchase and sale of the Termination Shares (the "Termination Closing") shall occur within ten days following any termination or expiration of the Purchaser's options under the Governance Agreement without the options being extended or exercised. At the Termination Closing, the parties shall deliver the documents, instruments and certificates specified in Section 14 hereof.
6.3 The closing for the purchase of the IPO Shares (the "IPO Closing") shall occur as specified in Section 8.5 hereof.
Closing Dates Delivery