Common use of Payment and Delivery of Certificates Clause in Contracts

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof.

Appears in 34 contracts

Samples: Stock Option Agreement (First Bancorp /In/), Stock Option Agreement (Triangle Bancorp Inc), Stock Option Agreement (Huntington Bancshares Inc/Md)

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Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified referenced in Section 13(f12(f) hereof.

Appears in 22 contracts

Samples: Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Bb&t Corp)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, Date and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereofof this Agreement.

Appears in 7 contracts

Samples: Stock Option Agreement (JSB Financial Inc), Stock Option Agreement (North Fork Bancorporation Inc), Stock Option Agreement (Tr Financial Corp)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof12(f).

Appears in 6 contracts

Samples: Agreement and Plan of Merger (Corestates Financial Corp), Stock Option Agreement (Bancwest Corp/Hi), Meridian Stock Option Agreement (Corestates Financial Corp)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified referenced in Section 13(f) hereof.

Appears in 4 contracts

Samples: Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Bb&t Corp), Stock Option Agreement (Floridafirst Bancorp Inc)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, Date and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f12(g) hereof.

Appears in 3 contracts

Samples: Stock Option Agreement (CVB Financial Corp), Stock Option Agreement (Coast Bancorp), Stock Option Agreement (Greater Bay Bancorp)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, Date and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f12(f) hereofof this Agreement.

Appears in 2 contracts

Samples: Stock Option Agreement (Astoria Financial Corp), Stock Option Agreement (Reliance Bancorp Inc)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, Date and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f13(g) hereof.

Appears in 2 contracts

Samples: Stock Option Agreement (SJNB Financial Corp), Stock Option Agreement (Greater Bay Bancorp)

Payment and Delivery of Certificates. (a) On each the Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof12(f).

Appears in 2 contracts

Samples: Ultrak Stock Option Agreement (Checkpoint Systems Inc), Checkpoint Stock Option Agreement (Checkpoint Systems Inc)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f11(f) hereof.

Appears in 2 contracts

Samples: Stock Option Agreement (Virginia First Financial Corp), Stock Option Agreement (Bb&t Corp)

Payment and Delivery of Certificates. (a) On each Closing ------------------------------------- Date, Holder Grantee shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, Date and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Provident Bankshares Corp)

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Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by IssuerIssuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude the Holder from exercising the Option), an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof).

Appears in 1 contract

Samples: Stock Option Agreement (Chase Manhattan Corp /De/)

Payment and Delivery of Certificates. (a) i. On each Closing Date, Holder shall (i1) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by IssuerIssuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude the Holder from exercising the Option), an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii2) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof14(f).

Appears in 1 contract

Samples: Stock Option Agreement (Exel LTD)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Magna Group Inc)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by IssuerIssuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude the Holder from exercising the Option), an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof14(f).

Appears in 1 contract

Samples: Stock Option Agreement (Nac Re Corp)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, provided that failure or refusal of Issuer to designate such a bank account shall not preclude Holder from exercising the Option, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f) hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Peoples Heritage Financial Group Inc)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, provided that failure or refusal of Issuer to designate such a bank account shall not preclude Holder from exercising the Option, and (ii) present and surrender this Agreement to the Issuer at the address of the Issuer specified in Section 13(f14(f) hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Peoples Heritage Financial Group Inc)

Payment and Delivery of Certificates. (a) On each Closing Date, Holder shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer, an amount equal to the Purchase Price multiplied by the number of Option Shares to be purchased on such Closing Date, and (ii) present and surrender this Agreement to the Issuer F&M at the address of the Issuer specified F&M referenced in Section 13(f12(f) hereof.

Appears in 1 contract

Samples: B) Stock Option Agreement (Bb&t Corp)

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