Common use of Transaction on the Closing Date Clause in Contracts

Transaction on the Closing Date. At the Closing: (a) the Parent will deliver, or cause to be delivered, to Hughes the Hughes Shares, togethe▇ ▇▇▇▇ duly ▇▇▇▇▇ted stock powers in favor of Hughes; (b) the Parent will deli▇▇▇, ▇r cause to be delivered, to Sing Tel the Sing Tel Shares, together with duly executed stock powers in favor of Sing Tel; (c) the Parent will deliver, or cause to be delivered, to Baron the Baron Shares, together with duly executed stock powers in favor of Baron; and (d) the Borrower will pay to each Guarantor the amounts set forth in Section 5(d) of the Term Loan Master Agreement.

Transaction on the Closing Date. At the Closing:: ------------------------------- (a) the Parent will deliver, or cause to be delivered, to Hughes the Hughes Shares, togethe▇ together with duly executed stock powers in f▇▇▇▇ duly ▇f Hug▇▇▇▇▇ted stock powers in favor of Hughes; (b) the Parent will delideliver, or cause to be ▇▇▇, ▇r cause to be delivered▇▇red, to Sing Tel the Sing Tel Shares, together with duly executed stock powers in favor of Sing Tel; (c) the Parent will deliver, or cause to be delivered, to Baron the Baron Shares, together with duly executed stock powers in favor of Baron; and (d) the Borrower will pay to each Guarantor the amounts set forth in Section 5(d) of the Term Loan Master Agreement.