Common use of Direct Payments Clause in Contracts

Direct Payments. As long as the Purchaser or any institutional holder which is a direct or indirect transferee (as a result of one or more transfers) from the Purchaser shall be the holder of any Shares, the Company will make all redemption payments, liquidation payments and other distributions by wire transfer to the Purchaser's or such other holder's (or its nominee's) account at any bank or trust company, notwithstanding any contrary provision herein or in the Company's certificate of incorporation with respect to the place of payment. The Purchaser has provided an address on Schedule 1 hereto for payments by wire transfer, and such address may be changed for the Purchaser or any subsequent holder by notice to the Company. All such payments shall be made in U.S. dollars and in federal or other immediately available funds.

Appears in 8 contracts

Samples: Stock Purchase Agreement (Hudson Technologies Inc /Ny), Stock Purchase Agreement (Hudson Technologies Inc /Ny), Stock Purchase Agreement (Impax Laboratories Inc)

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Direct Payments. As long as the Purchaser or any institutional holder which is a direct or indirect transferee (as a result of one or more transfers) from the Purchaser shall be the holder of any SharesShares or Warrants, the Company will make all redemption payments, liquidation payments and other distributions by wire transfer to the Purchaser's or such other holder's (or its nominee's) account at any bank or trust company, notwithstanding any contrary provision herein or in the Company's certificate of incorporation with respect to the place of payment. The Purchaser has provided an address on Schedule 1 hereto for payments by wire transfer, and such address may be changed for the Purchaser or any subsequent holder by notice to the Company. All such payments shall be made in U.S. dollars and in federal or other immediately available funds.

Appears in 5 contracts

Samples: Stock and Warrant Purchase Agreement (Global Pharmaceutical Corp \De\), Stock and Warrant Purchase Agreement (Fleming Robert Inc / Da), Stock and Warrant Purchase Agreement (Alyn Corp)

Direct Payments. As long as the Purchaser Purchasers or any institutional holder which is a direct or indirect transferee (as a result of one or more transfers) from the Purchaser Purchasers shall be the holder of any Shares, the Company will make all redemption payments, liquidation payments and other distributions by wire transfer to the Purchaser's Purchasers' or such other holder's (or its nominee's) account at any bank or trust company, notwithstanding any contrary provision herein or in the Company's certificate of incorporation with respect to the place of payment. The Purchaser has Purchasers have provided an address on Schedule 1 hereto for payments by wire transfer, and such address may be changed for the Purchaser Purchasers or any subsequent holder by notice to the Company. All such payments shall be made in U.S. dollars and in federal or other immediately available funds.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Displaytech Inc), Stock Purchase Agreement (Displaytech Inc), Stock Purchase Agreement (Displaytech Inc)

Direct Payments. As long as the Purchaser or any institutional holder which is a direct or indirect transferee (as a result of one or more transfers) from the Purchaser shall be the holder of any Shares, the Company will make all redemption payments, liquidation payments and other distributions by wire transfer to the Purchaser's or such other holder's (or its nominee's) account at any bank or trust company, notwithstanding any contrary provision herein or in the Company's certificate of incorporation charter with respect to the place of payment. The Purchaser has provided an address on Schedule 1 hereto for payments by wire transfer, and such address may be changed for the Purchaser or any subsequent holder by notice to the Company. All such payments shall be made in U.S. dollars and in federal or other immediately available funds.

Appears in 3 contracts

Samples: Preferred Stock Purchase Agreement (Caliber Learning Network Inc), Preferred Stock Purchase Agreement (Caliber Learning Network Inc), Preferred Stock Purchase Agreement (Caliber Learning Network Inc)

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Direct Payments. As long as the any Purchaser or any institutional holder which is a direct or indirect transferee (as a result of one or more transfers) from the Purchaser shall be the holder of any Shares, the Company will make all redemption payments, liquidation payments and other distributions by wire transfer to the Purchaser's or such other holder's (or its nominee's) account at any bank or trust company, notwithstanding any contrary provision herein or in the Company's certificate of incorporation charter with respect to the place of payment. The Each Purchaser has provided an address on Schedule 1 hereto for payments by wire transfer, and such address may be changed for the such Purchaser or any subsequent holder by notice to the Company. All such payments shall be made in U.S. dollars and in federal or other immediately available funds.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Caliber Learning Network Inc)

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