Common use of Payment for the Offered Securities Clause in Contracts

Payment for the Offered Securities. The Offered Securities are being sold to the Investors at an aggregate initial public offering price per Security as set forth in the Prospectus. The purchase of Offered Securities by each of the Investors shall be evidenced by the execution of a subscription agreement by each such Investor and the Company. Investors shall pay for their Offered Securities by wire for the full purchase price of the Offered Securities, payable to Signature. In compliance with Rule 15c2-4 under the Exchange Act, the Company and the Underwriter will instruct Investors to deliver all cash in the form of wire transfers to Signature. Upon Signature’ s receipt of such monies, they shall be credited to the offering deposit account. Pursuant to an offering deposit account agency agreement among the Company, the Underwriter and Signature, the funds received in payment for Offered Securities purchased in the Offering will be wired to a non-interest bearing offering deposit account at Signature and held until Signature determines that the amount in the offering deposit account is equal to at least the Minimum Subscription Amount. Upon confirmation of receipt of the Minimum Subscription Amount, Signature will release the funds in accordance with the written instructions provided by the Company and the Underwriter, indicating the date on which the Offered Securities purchased in the Offering are to be delivered to the Investors and the date the net proceeds are to be delivered to the Company. In the event that the Underwriter receives any payment from an Investor in connection with the purchase of any Offered Securities by such Investor, such payment shall be promptly transmitted to and deposited into Signature’s account. Among other things, the Underwriter shall forward any checks so received by the Underwriter to Signature by noon of the next business day. The Underwriter and the Company shall instruct Investors to make wire transfer payments to Signature with the name and address of the Investor making payment. Payment by the Investors out of the escrow account for the Offered Securities to be sold by the Company shall be made at the Closing Date to the Company in compliance with Rule 15c2-4 of the Commission.

Appears in 3 contracts

Samples: Underwriting Agreement (Aerkomm Inc.), Underwriting Agreement (Aerkomm Inc.), Underwriting Agreement (Aerkomm Inc.)

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Payment for the Offered Securities. The Offered Securities are being sold to the Investors at an aggregate initial public offering price per Security as set forth in the Prospectus. The purchase of Offered Securities by each of the Investors shall be evidenced by the execution of a subscription agreement by each such Investor and the Company. Investors shall pay for their Offered Securities by wire for the full purchase price of the Offered Securities, payable to Signaturethe Escrow Agent. In compliance with Rule 15c2-4 under the Exchange Act, the Company and the Underwriter will instruct Investors to deliver all cash in the form of wire or ACH transfers to Signaturethe Escrow Agent. Upon Signaturethe Escrow Agent’ s receipt of such monies, they shall be credited to the offering deposit account. Pursuant to an offering deposit account agency agreement among the Company, the Underwriter and Signaturethe Escrow Agent, the funds received in payment for Offered Securities purchased in the Offering will be wired to a non-interest bearing offering deposit account at Signature the Escrow Agent and held until Signature the Escrow Agent determines that the amount in the offering deposit account is equal to at least the Minimum Subscription Amount. Upon confirmation of receipt of the Minimum Subscription Amount, Signature the Escrow Agent will release the funds in accordance with the written instructions provided by the Company and the Underwriter, indicating the date on which the Offered Securities purchased in the Offering are to be delivered to the Investors and the date the net proceeds are to be delivered to the Company. In the event that the Underwriter receives any payment from an Investor in connection with the purchase of any Offered Securities by such Investor, such payment shall be promptly transmitted to and deposited into Signaturethe Escrow Agent’s account. Among other things, the Underwriter shall forward any checks wires so received by the Underwriter to Signature the Escrow Agent by noon of the next business day. The Underwriter and the Company shall instruct Investors to make wire or ACH transfer payments to Signature the Escrow Agent with the name and address of the Investor making payment. Payment by the Investors out of the escrow account for the Offered Securities to be sold by the Company shall be made at the Closing Date to the Company in compliance with Rule 15c2-4 of the Commission.

Appears in 2 contracts

Samples: Underwriting Agreement (JUMP WORLD HOLDING LTD), Underwriting Agreement (JUMP WORLD HOLDING LTD)

Payment for the Offered Securities. The Offered Securities are being sold to the Investors at an aggregate initial public offering price per Security as set forth in the Prospectus. The purchase of Offered Securities by each of the Investors shall be evidenced by the execution of a subscription agreement by each such Investor and the Company. Investors shall pay for their Offered Securities by wire for the full purchase price of the Offered Securities, payable to Signature. In compliance with Rule 15c2-4 under the Exchange Act, the Company and the Underwriter will instruct Investors to deliver all cash in the form of wire transfers to Signature. Upon Signature’ s receipt of such monies, they shall be credited to the offering deposit account. Pursuant to an offering deposit account agency agreement among the Company, the Underwriter and Signature, the funds received in payment for Offered Securities purchased in the Offering will be wired to a non-interest bearing offering deposit account at Signature and held until Signature determines that the amount in the offering deposit account is equal to at least the Minimum Subscription Amount. Upon confirmation of receipt of the Minimum Subscription Amount, Signature will release the funds in accordance with the written instructions provided by the Company and the Underwriter, indicating the date on which the Offered Securities purchased in the Offering are to be delivered to the Investors and the date the net proceeds are to be delivered to the Company. In the event that the Underwriter receives any payment from an Investor in connection with the purchase of any Offered Securities by such Investor, such payment shall be promptly transmitted to and deposited into Signature’s account. Among other things, the Underwriter shall forward any checks so received by the Underwriter to Signature by noon of the next business day. The Underwriter and the Company shall instruct Investors to make wire transfer payments to Signature with the name and address of the Investor making payment. Payment by the Investors out of the escrow account for the Offered Securities to be sold by the Company shall be made at the First Closing Date (and, if applicable, at each Option Closing Date) by wire transfer of immediately available funds to the Company in compliance with Rule 15c2-4 order of the CommissionCompany. Payment for the Offered Securities to be sold by the Selling Shareholders shall be made at the First Closing Date (and, if applicable, at each Option Closing Date) by wire transfer of immediately available funds to the order of the Custodian. It is understood that the Representatives have been authorized, for their own accounts and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm ADSs and any Optional ADSs the Underwriters have agreed to purchase. Jefferies and Xxxxxx Xxxxxxxx, each individually and not as the Representatives of the Underwriters, may (but shall not be obligated to) make payment for any Offered Securities to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the applicable Option Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement. Each Selling Shareholder hereby agrees that (i) it will pay all stock transfer taxes, stamp duties and other similar taxes, if any, payable upon the sale or delivery of the Offered Securities to be sold by such Selling Shareholder to the several Underwriters, or otherwise in connection with the performance of such Selling Shareholder’s obligations hereunder and (ii) the Custodian is authorized to deduct for such payment any such amounts from the proceeds to such Selling Shareholder hereunder and to hold such amounts for the account of such Selling Shareholder with the Custodian under the Custody Agreement.

Appears in 1 contract

Samples: Underwriting Agreement (BCD Semiconductor Manufacturing LTD)

Payment for the Offered Securities. The Offered Securities are being sold to the Investors at an aggregate initial public offering price per Security as set forth in the Prospectus. The purchase of Offered Securities by each of the Investors shall be evidenced by the execution of a subscription agreement by each such Investor and the Company. Investors shall pay for their Offered Securities by wire for the full purchase price of the Offered Securities, payable to SignatureEscrow Agent. In compliance with Rule 15c2-4 under the Exchange Act, the Company and the Underwriter will instruct Investors to deliver all cash in the form of wire transfers to SignatureEscrow Agent. Upon SignatureEscrow Agent’ s receipt of such monies, they shall be credited to the offering deposit account. Pursuant to an offering deposit account agency agreement among the Company, the Underwriter and SignatureEscrow Agent, the funds received in payment for Offered Securities purchased in the Offering will be wired to a non-interest bearing offering deposit account at Signature JX Xxxxxx Chase and held until Signature Escrow Agent determines that the amount in the offering deposit account is equal to at least the Minimum Subscription Amount. Upon confirmation of receipt of the Minimum Subscription Amount, Signature Escrow Agent will release the funds in accordance with the written instructions provided by the Company and the Underwriter, indicating the date on which the Offered Securities purchased in the Offering are to be delivered to the Investors and the date the net proceeds are to be delivered to the Company. In the event that the Underwriter receives any payment from an Investor in connection with the purchase of any Offered Securities by such Investor, such payment shall be promptly transmitted to and deposited into SignatureEscrow Agent’s account. Among other things, the Underwriter shall forward any checks so received by the Underwriter to Signature Escrow Agent by noon of the next business day. The Underwriter and the Company shall instruct Investors to make wire transfer payments to Signature Escrow Agent with the name and address of the Investor making payment. Payment by the Investors out of the escrow account for the Offered Securities to be sold by the Company shall be made at the Closing Date to the Company in compliance with Rule 15c2-4 of the Commission.

Appears in 1 contract

Samples: Underwriting Agreement (Baikang Biological Group Holdings LTD)

Payment for the Offered Securities. The Offered Securities are being sold to the Investors at an aggregate initial public offering price per Security as set forth in the Prospectus. The purchase of Offered Securities by each of the Investors shall be evidenced by the execution of a subscription agreement by each such Investor and the Company. Investors shall pay for their Offered Securities Units by wire for the full purchase price of the Offered SecuritiesUnits, payable to Signature. After the Initial Closing, Investors may make a payment for their Units in United States Dollars or with the Bitcoin or Ether cryptocurrencies. Investors making a payment for Units in Bitcoin or Ether will be provided with the Company’s public key so that such Investor can transfer cryptocurrency payment directly to the Company’s digital wallet. Any cryptocurrency accepted by the Company will be converted into United States Dollars. In compliance with Rule 15c2-4 under the Exchange Act, the Company and the Underwriter will instruct Investors to deliver all cash in the form of wire transfers to Signature. Upon Signature’ s receipt of such monies, they shall be credited to the offering deposit account. Pursuant to an offering deposit account agency agreement among the Company, the Underwriter and Signature, the funds received in payment for Offered Securities Units purchased in the Offering will be wired to a non-interest bearing offering deposit account at Signature and held until Signature determines that the amount in the offering deposit account is equal to at least the Minimum Subscription Amount. Upon confirmation of receipt of the Minimum Subscription Amount, Signature will release the funds in accordance with the written instructions provided by the Company and the Underwriter, indicating the date on which the Offered Securities Units purchased in the Offering are to be delivered to the Investors and the date the net proceeds are to be delivered to the Company. In the event that the Underwriter receives any payment from an Investor in connection with the purchase of any Offered Securities by such Investor, such payment shall be promptly transmitted to and deposited into Signature’s account. Among other things, the Underwriter shall forward any checks so received by the Underwriter to Signature by noon of the next business day. The Underwriter and the Company shall instruct Investors to make wire transfer payments to Signature with the name and address of the Investor making payment. Payment by the Investors out of the escrow account for the Offered Securities to be sold by the Company shall be made at the Closing Date to the Company in compliance with Rule 15c2-4 of the Commission.

Appears in 1 contract

Samples: Underwriting Agreement (1847 Holdings LLC)

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Payment for the Offered Securities. The Offered Securities are being sold to the Investors at an aggregate initial public offering price per Security as set forth in the Prospectus. The purchase of Offered Securities by each of the Investors shall be evidenced by the execution of a subscription agreement by each such Investor and the Company. Investors shall pay for their Offered Securities Units by wire for the full purchase price of the Offered SecuritiesUnits, payable to Signature. After the Initial Closing, Investors may make a payment for their Units in United States Dollars. In compliance with Rule 15c2-4 under the Exchange Act, the Company and the Underwriter will instruct Investors to deliver all cash in the form of wire transfers to Signature. Upon Signature’ s receipt of such monies, they shall be credited to the offering deposit account. Pursuant to an offering deposit account agency agreement among the Company, the Underwriter and Signature, the funds received in payment for Offered Securities Units purchased in the Offering will be wired to a non-interest bearing offering deposit account at Signature and held until Signature determines that the amount in the offering deposit account is equal to at least the Minimum Subscription Amount. Upon confirmation of receipt of the Minimum Subscription Amount, Signature will release the funds in accordance with the written instructions provided by the Company and the Underwriter, indicating the date on which the Offered Securities Units purchased in the Offering are to be delivered to the Investors and the date the net proceeds are to be delivered to the Company. In the event that the Underwriter receives any payment from an Investor in connection with the purchase of any Offered Securities by such Investor, such payment shall be promptly transmitted to and deposited into Signature’s account. Among other things, the Underwriter shall forward any checks so received by the Underwriter to Signature by noon of the next business day. The Underwriter and the Company shall instruct Investors to make wire transfer payments to Signature with the name and address of the Investor making payment. Payment by the Investors out of the escrow account for the Offered Securities to be sold by the Company shall be made at the Closing Date to the Company in compliance with Rule 15c2-4 of the Commission.

Appears in 1 contract

Samples: Underwriting Agreement (1847 Holdings LLC)

Payment for the Offered Securities. The Offered Securities are being sold to the Investors at an aggregate initial public offering price per Security as set forth in the Prospectus. The purchase of Offered Securities by each of the Investors shall be evidenced by the execution of a subscription agreement by each such Investor and the Company. Investors shall pay for their Offered Securities by wire for the full purchase price of the Offered Securities, payable to Signaturethe Escrow Agent. In compliance with Rule 15c2-4 under the Exchange Act, the Company and the Underwriter will instruct Investors to deliver all cash in the form of wire or ACH transfers to Signaturethe Escrow Agent. Upon Signaturethe Escrow Agent’ s receipt of such monies, they shall be credited to the offering deposit account. Pursuant to an offering deposit account agency agreement among the Company, the Underwriter and Signaturethe Escrow Agent, the funds received in payment for Offered Securities purchased in the Offering will be wired to a non-interest bearing offering deposit account at Signature the Escrow Agent and held until Signature the Escrow Agent determines that the amount in the offering deposit account is equal to at least the Minimum Subscription Amount. Upon confirmation of receipt of the Minimum Subscription Amount, Signature the Escrow Agent will release the funds in accordance with the written instructions provided by the Company and the Underwriter, indicating the date on which the Offered Securities purchased in the Offering are to be delivered to the Investors and the date the net proceeds are to be delivered to the Company. In the event that the Underwriter receives any payment from an Investor in connection with the purchase of any Offered Securities by such Investor, such payment shall be promptly transmitted to and deposited into Signaturethe Escrow Agent’s account. Among other things, the Underwriter shall forward any checks wires so received by the Underwriter to Signature the Escrow Agent by noon of the next business day. The Underwriter and the Company shall instruct Investors to make wire or ACH transfer payments to Signature the Escrow Agent with the name and address of the Investor making payment. Payment by the Investors out of the escrow account for the Offered Securities to be sold by the Company shall be made at the Closing Date or the Option Closing Date to the Company in compliance with Rule 15c2-4 of the Commission.

Appears in 1 contract

Samples: Underwriting Agreement (JUMP WORLD HOLDINGS LTD)

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