Common use of Payment and Delivery of Certificates Clause in Contracts

Payment and Delivery of Certificates. (a) On each Closing Date, Grantee shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude Grantee 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 Issuer at the address of Issuer specified in Section 14(f).

Appears in 6 contracts

Samples: Stock Option Agreement (J P Morgan Chase & Co), Stock Option Agreement (J P Morgan Chase & Co), Stock Option Agreement (Chase Manhattan Corp /De/)

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Payment and Delivery of Certificates. (a) On each Closing Date, Grantee shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude Grantee from exercising the Option)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 14(f)12(f) hereof.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Mainstreet Bankgroup Inc), Stock Option Agreement (Union Planters Corp), Stock Option Agreement (Mainstreet Bankgroup Inc)

Payment and Delivery of Certificates. (a) On each Closing Date, Grantee shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude Grantee 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 Issuer at the address of Issuer specified in Section 14(f13(f).

Appears in 2 contracts

Samples: Stock Option Agreement (International Assets Holding Corp), Agreement and Plan of Merger (FCStone Group, Inc.)

Payment and Delivery of Certificates. (a) On each Closing Date, Grantee shall (i) pay to Issuer, in immediately available funds by wire transfer to a bank account designated by Issuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude Grantee from exercising the Option)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 Issuer at the address of Issuer specified in Section 14(f)12(f) hereof.

Appears in 1 contract

Samples: Stock Option Agreement (Independent Community Bankshares Inc)

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Payment and Delivery of Certificates. (a) On each Closing Date, Grantee shall (i) pay to Issuer, in immediately available funds funds, by wire transfer to a bank account designated by Issuer (provided that the failure or refusal of Issuer to designate a bank account shall not preclude Grantee from exercising the Option)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 14(f11(f).

Appears in 1 contract

Samples: Option Agreement (Printcafe Software Inc)

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