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

Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in federal (same day) funds, upon delivery to the Underwriter of the Additional Shares through the facilities of DTC for the account of the Underwriter. The Additional Shares shall be registered in such name or names and in such authorized denominations as the 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 Shares except upon tender of payment by the Underwriter for applicable Additional Shares. 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 Shares and Additional Shares. The Firm Shares and the Additional Shares are hereinafter referred to collectively as the “Securities.”

Appears in 4 contracts

Samples: Underwriting Agreement (NetClass Technology Inc), Underwriting Agreement (NetClass Technology Inc), Underwriting Agreement (NetClass Technology Inc)

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Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in federal Federal (same day) funds, upon delivery to the Underwriter of the Additional Shares through the facilities of DTC for the account of the Underwriter. The Additional Shares shall be registered in such name or names and in such authorized denominations as the 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 Shares except upon tender of payment by the Underwriter for applicable Additional Shares. 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 Shares and Additional Shares. The Firm Shares and the Additional Shares are hereinafter referred to collectively as the “Securities.”

Appears in 3 contracts

Samples: Underwriting Agreement (Golden Sun Education Group LTD), Underwriting Agreement (Golden Sun Education Group LTD), Underwriting Agreement (Golden Sun Education Group LTD)

Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in federal Federal (same day) funds, upon delivery to the Underwriter of certificates (in form and substance satisfactory to the Underwriter) representing the Additional Shares (or through the facilities of DTC DTC) for the account of the Underwriter. The Additional Shares shall be registered in such name or names and in such authorized denominations as the 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 Shares except upon tender of payment by the Underwriter for applicable Additional Shares. 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 Shares and Additional Shares. The Firm Shares and the Additional Shares are hereinafter referred to collectively as the “Securities.”

Appears in 2 contracts

Samples: Underwriting Agreement (Zhongchao Inc.), Underwriting Agreement (Zhongchao Inc.)

Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in federal Federal (same day) funds, upon delivery to the Underwriter Underwriters of the Additional Shares through the facilities of DTC for the account of the UnderwriterDTC. The Additional Shares shall be registered in such name or names and in such authorized denominations as the Underwriter 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 Shares except upon tender of payment by the Underwriter Underwriters for applicable the Additional Shares. The Option Closing Date may be simultaneous withwith or later than, 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 Shares and Additional Shares. The Firm Shares and the Additional Shares are hereinafter referred to collectively as the “Securities.”

Appears in 1 contract

Samples: Underwriting Agreement (Planet Image International LTD)

Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in federal Federal (same day) funds, upon delivery to the Underwriter of the Additional Shares through the facilities of DTC for the account of the UnderwriterDTC. The Additional Shares shall be registered in such name or names and in such authorized denominations as the 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 Shares except upon tender of payment by the Underwriter for applicable the Additional Shares. The Option Closing Date may be simultaneous withwith or later than, 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 Shares and Additional Shares. The Firm Shares and the Additional Shares are hereinafter referred to collectively as the “Securities.”

Appears in 1 contract

Samples: Underwriting Agreement (Tian Ruixiang Holdings LTD)

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Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in federal Federal (same day) funds, upon delivery to the Underwriter Underwriters of the Additional Shares through the facilities of DTC for the account of the UnderwriterUnderwriters. The Additional Shares shall be registered in such name or names and in such authorized denominations as the Underwriter 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 Shares except upon tender of payment by the Underwriter Underwriters for applicable Additional Shares. The Option Closing Date may be simultaneous withwith or later than, 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 Shares and Additional Shares. The Firm Shares and the Additional Shares are hereinafter referred to collectively as the “Securities.”

Appears in 1 contract

Samples: Underwriting Agreement (Pop Culture Group Co., LTD)

Delivery and Payment of Additional Shares. Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in federal Federal (same day) funds, upon delivery to the Underwriter Representative of the Additional Shares through the facilities of DTC for the account of the UnderwriterDTC. The Additional Shares shall be registered in such name or names and in such authorized denominations as the Underwriter 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 Shares except upon tender of payment by the Underwriter Representative for applicable the Additional Shares. The Option Closing Date may be simultaneous withwith or later than, 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 Shares and Additional Shares. The Firm Shares and the Additional Shares are hereinafter referred to collectively as the “Securities.”

Appears in 1 contract

Samples: Underwriting Agreement (Tian Ruixiang Holdings LTD)

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