Delivery Against Payment Clause Samples
The Delivery Against Payment clause establishes that the transfer of goods or securities will only occur simultaneously with the receipt of payment. In practice, this means that the seller is obligated to deliver the specified items only when the buyer has made the agreed payment, often coordinated through a bank or escrow service to ensure both parties fulfill their obligations. This clause is essential for minimizing the risk of non-payment or non-delivery, thereby protecting both parties and ensuring a secure and transparent transaction process.
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Delivery Against Payment. At the Offered Securities Closing, the Selling Holder shall deliver to the Company or the Purchasing Stockholders, as the case may be, certificates representing the Offered Securities, free and clear of any liens or encumbrances and duly endorsed in blank or accompanied by duly executed forms of assignment, to be purchased by the Company or the Purchasing Stockholders, as the case may be, and the Company or the Purchasing Stockholders, as the case may be, shall pay to the Selling Holder the purchase price of such Offered Securities by cashier's or certified check or by wire transfer of immediately available funds to an account designated by each such Selling Holder.
Delivery Against Payment. In accordance with Instructions, Custodian will deliver or cause to be delivered the Account Securities thus designated as sold for the Custodian Account of Company to the broker or other person specified in the Instructions relating to such sale, such delivery to be made only upon receipt of payment therefor in such form as shall be satisfactory to Custodian and Company, with the understanding that Custodian may deliver or cause to be delivered Account Securities for payment in accordance with the reasonable customs prevailing among dealers in securities.
Delivery Against Payment. The Buyer shall transfer the payment to the designated account of the Supplier and cannot transfer to other account or make the payment in cash without consent from the Supplier. Payment in cash under special circumstance shall be made with the Supplier’s authorization; otherwise, the Buyer shall bear the liability.
Delivery Against Payment. At the Call Closing, Acquisition Company shall deliver to the Company or third party designated by the Company duly executed instruments transferring title to the Stockholder Shares, Preferred Stock and Warrants to the Company or third party designated by the Company free and clear of all liens and encumbrances, against payment of the appropriate Call Price by cashier's or certified check payable to Acquisition Company or by wire transfer of immediately available funds to an account designated by Acquisition Company.
Delivery Against Payment. At the Offered Stock Closing, the Transferring Holder shall deliver to the Offeree certificates representing the Offered Stock and public deeds representing the acquisition of Total Shares, free and clear of any liens or encumbrances and duly endorsed in blank or accompanied by duly executed forms of assignment, to be purchased by the Offeree and the Offeree shall pay to the Transferring Holder the purchase price for such Offered Stock by cashier's or certified check or by wire transfer of immediately available funds to an account designated by each such Transferring Holder.
Delivery Against Payment. Company acknowledges familiarity with the current securities industry practice of delivering physical Securities against later payment on delivery date. Notwithstanding Instructions to deliver Account Securities against payment, Custodian is authorized to make delivery against a temporary receipt (sometimes called a "window ticket") in lieu of payment. Custodian agrees to use its best efforts to obtain payment therefor during the same business day, but Company confirms its sole assumption of all risks of payment for such deliveries. Custodian may accept checks, whether or not certified, in payment for Securities. Custodian assumes no responsibility for the collectability of such checks. The foregoing, to the contrary notwithstanding, in the event that Company makes special arrangements with the party to whom Account Securities are to be delivered for actual payment to be made upon the delivery of such Account Securities and specifies such arrangements in Instructions, and if such arrangements are reasonably acceptable to Custodian, Custodian shall make the delivery in accordance with such Instructions.
Delivery Against Payment. At the JG Put Closing, Jame▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇ll deliver to the Company certificates representing the shares of Common Stock and Existing Options to be repurchased by the Company free and clear of all liens and encumbrances and duly endorsed in blank or accompanied by duly executed forms of assignment, and the Company shall pay to Jame▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇ purchase price therefore by cashier's check or certified check or by wire transfer of immediately available funds to an account designed by Jame▇ ▇. ▇▇▇▇▇▇▇; ▇▇ovided that, if and to the extent the JG Put is prohibited by any provision of the Credit Agreement or any other agreement, the amount that cannot be paid in cash and the delivery of the corresponding number of shares of Common Stock and/or Existing Options shall be deferred until such payment is not -21- 27 prohibited by any provision of the Credit Agreement or any other agreement. The Company agrees to use commercially reasonable efforts to obtain any waiver, modification, amendment or refinancing (if practicable) in order to fully satisfy its payment obligations under this Section 9.
Delivery Against Payment. At the JG Put Closing, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ shall deliver to the Company certificates representing the shares of Common Stock and Existing Options to be repurchased by the Company free and clear of all liens and encumbrances and duly endorsed in blank or accompanied by duly executed forms of assignment, and the Company shall pay to ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ the purchase price therefore by cashier's check or certified check or by wire transfer of immediately available funds to an account designed by ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇; provided that, if and to the extent the JG Put is prohibited by any provision of the Credit Agreement or any other agreement, the amount that cannot be paid in cash and the delivery of the corresponding number of shares of Common Stock and/or Existing Options shall be deferred until such payment is not prohibited by any provision of the Credit Agreement or any other agreement. The Company agrees to use commercially reasonable efforts to obtain any waiver, modification, amendment or refinancing (if practicable) in order to fully satisfy its payment obligations under this Section 9.