Common use of Delivery and Payment of Additional ADSs Clause in Contracts

Delivery and Payment of Additional ADSs. Payment for the Additional ADSs shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, upon delivery to the Underwriters of certificates (in form and substance satisfactory to the Underwriters) representing the Additional ADSs (or through the facilities of DTC) for the account of the Underwriters. The Additional ADSs shall be registered in such name or names and in such authorized denominations as the Underwriters may request in writing at least two (2) full Business Days prior to the Option Closing Date. The Company shall not be obligated to sell or deliver the Additional ADSs except upon tender of payment by the Underwriters for applicable Additional ADSs. The Option Closing Date may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm ADSs and Additional ADSs.

Appears in 3 contracts

Samples: Deposit Agreement (Xiao-I Corp), Underwriting Agreement (Xiao-I Corp), Underwriting Agreement (Xiao-I Corp)

AutoNDA by SimpleDocs

Delivery and Payment of Additional ADSs. Payment for the Additional ADSs shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, upon delivery to the Underwriters Representative of certificates (in form and substance satisfactory to the UnderwritersRepresentative) representing the Additional ADSs (or through the facilities of DTC) for the account of the Underwriters. The Additional ADSs shall be registered in such name or names and in such authorized denominations as the Underwriters Representative may request in writing at least two (2) full Business Days prior to the Option Closing Date. The Company shall not be obligated to sell or deliver the Additional ADSs except upon tender of payment by the Underwriters for applicable Additional ADSs. The Option Closing Date may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm ADSs and Additional ADSs.

Appears in 2 contracts

Samples: Lock Up Agreement (Jinxin Technology Holding Co), Lock Up Agreement (Jinxin Technology Holding Co)

Delivery and Payment of Additional ADSs. Payment for the Additional ADSs shall be made on the Option Closing Date by wire transfer in Federal federal (same day) funds, upon as a condition to the delivery to the Underwriters Underwriter of certificates (in form and substance satisfactory to the Underwriters) representing the Additional ADSs (or through the facilities of DTC) DTC for the account of the UnderwritersUnderwriter. The Additional ADSs shall be registered in such name or names and in such authorized denominations as the Underwriters Underwriter may request in writing at least two (2) full Business Days prior to the Option Closing Date. The Company shall not be obligated to sell or deliver the Additional ADSs except upon tender of payment by the Underwriters Underwriter for applicable Additional ADSs. The Option Closing Date may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm ADSs and Additional ADSs. The Firm ADSs and the Additional ADSs and the American Depositary Receipts (“ADRs”) evidencing such ADSs are hereinafter referred to collectively as the “Securities.

Appears in 1 contract

Samples: Underwriting Agreement (Warrantee Inc.)

AutoNDA by SimpleDocs

Delivery and Payment of Additional ADSs. Payment for the Additional ADSs shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, upon delivery to the Underwriters Representative of certificates (in form and substance satisfactory to the UnderwritersRepresentative) representing the Additional ADSs (or through the facilities of DTC) for the account of the Underwriters. The Additional ADSs shall be registered in such name or names and in such authorized denominations as the Underwriters may request in writing at least two (2) full Business Days prior to the Option Closing Date. The Company shall not be obligated to sell or deliver the Additional ADSs except upon tender of payment by the Underwriters for applicable Additional ADSs. The Option Closing Date may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm ADSs and Additional ADSs. The ADSs, the Shares underlying the ADSs and the American Depositary Receipts (“ADRs”) evidencing such ADSs are hereinafter referred to collectively as the “Securities.

Appears in 1 contract

Samples: Underwriting Agreement (Hywin Holdings Ltd.)

Time is Money Join Law Insider Premium to draft better contracts faster.