Common use of Documents Delivered at Closing Clause in Contracts

Documents Delivered at Closing. At the Closing, the Seller will deliver, or cause to be delivered to Purchaser a certificate or certificates representing the Purchased Shares, with all necessary stock transfer tax stamps attached, duly endorsed or accompanied by stock powers duly executed in blank and the Purchaser will wire to the Seller's account the Purchase Price as provided for in paragraph 2 hereof. The Purchaser may, at is option, allocate a portion of the Purchased Shares to an affiliate thereof.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Kirtland Capital Corp), Stock Purchase Agreement (Friedman Phillip L)