Common use of Delivery of Shares Tendered in Payment of Purchase Price Clause in Contracts

Delivery of Shares Tendered in Payment of Purchase Price. Payment by delivery of Shares may be effected by delivering one or more stock certificates or by otherwise delivering Shares to the Company’s reasonable satisfaction (including, without limitation, through an “attestation” procedure that is reasonably acceptable to the Company), in each case accompanied by such endorsements, stock powers, signature guarantees or other documents or assurances as may reasonably be required by the Company. If a certificate or certificates or other documentation representing Shares in excess of the amount required are delivered, a certificate (or other satisfactory evidence of ownership) representing the excess number of Shares shall promptly be returned by the Company.

Appears in 2 contracts

Samples: Stock Option Agreement (Genta Inc De/), Stock Option Agreement (Genta Inc De/)

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Delivery of Shares Tendered in Payment of Purchase Price. Payment by delivery of Shares shares may be effected by delivering one or more stock certificates or by otherwise delivering Shares shares to the Company’s reasonable satisfaction (including, without limitation, through an “attestation” procedure that is reasonably acceptable to the Company), in each case accompanied by such endorsements, stock powers, signature guarantees or other documents or assurances as may reasonably be required by the Company. If a certificate or certificates or other documentation representing Shares shares in excess of the amount required are delivered, a certificate (or other satisfactory evidence of ownership) representing the excess number of Shares shares shall promptly be returned by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Accretive Health, Inc.), Stock Option Agreement (Accretive Health, Inc.)

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