Common use of Delivery of and Payment for the Stock Clause in Contracts

Delivery of and Payment for the Stock. Delivery of and payment for the Stock shall be made at the offices of Xxxxxxx Xxxxxxx & Xxxxxxxx at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, at 10:00 A.M., New York City time, on the [third][fourth] full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Company. This date and time are sometimes referred to as the "Delivery Date." On the Delivery Date, the Selling Shareholder shall deliver or cause to be delivered certificates representing the Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Selling Shareholder of the purchase price by certified or official bank check or checks payable in New York Clearing House (next-day) funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Stock, the Company and the Selling Shareholder shall make the certificates representing the Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date.

Appears in 1 contract

Samples: Underwriting Agreement (Park Electrochemical Corp)

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Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the offices office of Xxxxxxx Xxxxxxx & Xxxxxxxx at 000 Xxxxxxxxx and Xxxxxx, Xxx XxxxChicago, Xxx Xxxx 00000, Illinois at 10:00 9:00 A.M., New York City central time, on the [third][fourth] fourth full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Company. This Such date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Company and the Selling Shareholder Shareholders shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Company and the Selling Shareholder Shareholders of the purchase price by certified or official bank check or checks payable or wire transfer in New York Clearing House immediately available (nextsame-day) funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Company and the Selling Shareholder Shareholders shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the First Delivery Date.

Appears in 1 contract

Samples: Underwriting Agreement (Speedfam International Inc)

Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the offices of Xxxxxxx Xxxxxxx Davix Xxxx & Xxxxxxxx at Xardxxxx, 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, at xx 10:00 A.M., New York City time, on the [third][fourth] fourth full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Company. This date and time are sometimes referred to as the "Delivery DateFIRST DELIVERY DATE." On the First Delivery Date, the Selling Shareholder Company shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Selling Shareholder Company of the purchase price by certified or official bank check or checks payable wire transfer in New York Clearing House (next-day) immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Company and the Selling Shareholder shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the First Delivery Date.

Appears in 1 contract

Samples: Underwriting Agreement (Williams Communications Group Inc)

Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the offices office of Xxxxxxx Xxxxxxx Snelx & Xxxxxxxx at 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000Xilmxx X.X.P., at 10:00 A.M., New York City time, on the [third][fourth] third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Company. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Company and the Selling Shareholder Stockholders shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Company and the Selling Shareholder Stockholders of the purchase price by certified or official bank check or checks payable in New York Clearing House wire transfer of immediately available (next-same day) funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Company and the Selling Shareholder Stockholders shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the First Delivery Date.. At any time on or before the thirtieth day after the date of this Agreement the option granted in Section 3 may be exercised by written notice being given to the Company by the

Appears in 1 contract

Samples: Hypercom Corp

Delivery of and Payment for the Stock. Delivery of and payment for the Firm Stock shall be made at the offices of Xxxxxxx Xxxxxxx Rogexx & Xxxxxxxx at 000 Xxxxxxxxx Xellx XXX, 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, at xx 10:00 A.M., New York City time, on the [third][fourth] third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Company. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Company and the Selling Shareholder Stockholders shall deliver or cause to be delivered certificates representing the Firm Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Company and the Selling Shareholder Stockholders of the purchase price by certified or official bank check or checks payable in New York Clearing House (next-day) or wire transfer in immediately available funds provided, that the amount of such payment shall be reduced by one days' interest on the amount of gross proceeds at the Underwriters' cost of borrowing such funds plus any other expenses associated with such payment of immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Firm Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the First Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Firm Stock, the Company and the Selling Shareholder Stockholders shall make the certificates representing the Firm Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date.available

Appears in 1 contract

Samples: Spanish Broadcasting System Inc

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Delivery of and Payment for the Stock. Delivery of and payment for the Stock shall be made at the offices office of Xxxxxxx Xxxxxxx Davix, Xxxxxx & Xxxxxxxx at 000 Xxxxxxxxx Xtubxx XXX, 370 Xxxxxxxxxxx Xxxxxx, Xxx XxxxXxxxx 0000, Xxx Xxxx Xxxxxx, XX 00000, at 10:00 xx 9:00 A.M., New York City Denver time, on the [third][fourth] third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the CompanySelling Stockholder. This date and time are sometimes referred to as the "Delivery Date." On the Delivery Date, the Selling Shareholder Stockholder shall deliver or cause to be delivered certificates representing the Stock to the Representatives for the account of each Underwriter against payment to or upon the order of the Selling Shareholder Stockholder of the purchase price by certified or official wire transfer in immediately available funds to a bank check or checks payable account designated by the Selling Stockholder in New York Clearing House (next-day) fundswriting to the Representatives. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Stock shall be registered in such names and in such denominations as the Representatives shall request in writing not less than two full business days prior to the Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Stock, the Company and the Selling Shareholder Stockholder shall make the certificates representing the Stock available for inspection by the Representatives in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date. On the Delivery Date, the Selling Stockholder will pay, or cause to be paid, the commission payable on the Delivery Date to the Underwriters under the last paragraph of Section 3 by certified or official bank check or checks payable in New York Clearing House (next-day) funds.

Appears in 1 contract

Samples: Hs Resources Inc

Delivery of and Payment for the Stock. Delivery of and payment for the Stock shall be made at the offices office of Xxxxxxx Xxxxxxx Wilson, Sonsini, Goodxxxx & Xxxxxxxx at Xosaxx, 000 Xxxxxxxxx Xxxxxx, Xxx Xxxx Xxxx Xxxx, Xxx Xxxx 00000Xxxx, at Xxxxxxxxxx, xxt later than 10:00 A.M., New York City local time, on the [third][fourthfourth] full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives Underwriters and the CompanySelling Shareholder. This date and time are sometimes referred to as the "Delivery Date." On the Delivery Date, the Selling Shareholder shall deliver or cause to be delivered certificates representing the Stock to the Representatives Underwriters for the account of each Underwriter against payment to or upon the order of the Selling Shareholder of the purchase price by certified or official bank check or checks wire transfer payable in New York Clearing House immediately available funds to an account designated in writing by the Selling Shareholder; provided that the amount of such payment shall be reduced by one days' interest on the amount of gross proceeds at the Fed funds rate (next-daythe Underwriters' cost of borrowing such funds) plus any other expenses associated with suc payment of immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. Upon delivery, the Stock shall be registered in such names and in such denominations as the Representatives Underwriters shall request in writing not less than two full business days prior to the Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Stock, the Company and the Selling Shareholder shall make the certificates representing the Stock available for inspection by the Representatives Underwriters in New York, New York, not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date.

Appears in 1 contract

Samples: Underwriting Agreement (Altera Corp)

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