Payment and delivery definition

Payment and delivery. The date for payment of the Offer Shares in the Private Placement is expected to be on or about 15 October 2018 (the “Payment Date”), subject to any shortening or extensions of the Bookbuilding Period, and any further payment details will be stated in the Notification. The Applicant shall pay the subscription amount (being the number of Allocated Shares multiplied with the Subscription Price) in accordance with the procedures set out herein and in the Notification. The Managers assume no responsibility for the delivery and payment obligations of the Company and Applicant respectively. The Allocated Shares will be delivered to the Applicant’s VPS account as soon as practicable after full payment has been received and the Conditions (as defined below) have been met. To enable settlement on a delivery versus payment (DVP) basis, the Managers have establish a right to borrow a number of existing and unencumbered shares in the Company, equalling the number of Offer Shares allocated in the Private Placement (the “Borrowed Shares”) from Geveran. By placing an Application, the Applicant accepts and agrees that the delivery of Allocated Shares shall be made by delivery of Borrowed Shares, and that such delivery of Borrowed Shares shall constitute a full discharge of the Managers’ and the Company’s obligation to deliver the corresponding number of Allocated Shares to the Applicant pursuant to this Application Agreement. The Applicant further accepts that the Offer Shares issued in relation to the Private Placement will be delivered to Geveran as good redelivery of the Borrowed Shares after issue of the Offer Shares, and the Applicant agrees that such Offer Shares shall be fully paid and non assessable provided that on or before the time of delivery of such Offer Shares, the Company receives from the Managers out of the subscription amount paid by the Applicant for the Offer Shares, an amount at least equal to the par value of the Offer Shares. The Borrowed Shares delivered to Applicants will be tradable on Oslo Børs immediately after allocation. The Offer Shares redelivered to Geveran will be placed on a separate ISIN pending publication of a listing prospectus to be approved by the Norwegian Financial Supervisory Authority, and will not be listed or tradable on Oslo Børs until the approved listing prospectus has been published by the Company, expected in December 2018.
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Payment and delivery. Any down payment was paid in cash or by check by the Customer (except amounts shown as trade-ins); none of the down payments consists of proceeds of a loan by Dealer or any third party unless disclosed in writing to and approved in writing by the Company); and none of the down payment was advanced by Dealer.
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Examples of Payment and delivery in a sentence

  • Payment and delivery of any Optional Shares shall occur in the same manner as the payment and delivery of the Firm Shares.

  • Payment and delivery of the Merger Consideration with respect to Book-Entry Company Shares shall only be made to the Person in whose name such Book-Entry Company Shares are registered.

  • Payment and delivery of the Per Share Merger Consideration with respect to Book-Entry Company Shares shall only be made to the Person in whose name such Book-Entry Company Shares are registered.

  • Payment and delivery of the Firm Shares shall take place in accordance with Section 2(e) and Section 2(f).

  • Payment and delivery terms are set out in the relevant Schedule(s) to this Agreement.

  • Such money is to be paid, in a lump sum, each April 1, into this fund as established by SEIU Local 1.on.

  • Payment and delivery of the Underwritten Securities and the Option Securities (if the option provided for in Section ‎1(c) hereof shall have been exercised on or before the second Business Day prior to the Time of Purchase (as defined below)) shall be made at [__] A.M., New York City time, on [__], 2021 (unless another time shall be agreed to by the Representatives and the Company or unless postponed in accordance with the provisions of Section ‎7 hereof).

  • Payment and delivery of the Underwritten Securities and, if the option provided for in Section 1(c) hereof shall have been exercised on or before the second Business Day prior to the Time of Purchase (as defined below), the Option Securities related to such exercise, shall be made at [●] [a.m./p.m.], New York City time, on [●], 2021 (unless another time shall be agreed to by the Representatives and the Company or unless postponed in accordance with the provisions of Section 7 hereof).

  • Payment and delivery of the Underwritten Securities and, if the option provided for in Section 1(c) hereof shall have been exercised on or before the second Business Day prior to the Time of Purchase (as defined below), the Option Securities related to such exercise, shall be made at 9:00 A.M., New York City time, on [●], 2021 (unless another time shall be agreed to by the Representative and the Company or unless postponed in accordance with the provisions of Section 7 hereof).

  • Payment and delivery of the Underwritten Securities and, if the option provided for in Section 1(c) hereof shall have been exercised on or before the second Business Day prior to the Time of Purchase (as defined below), the Option Securities related to such exercise, shall be made at 9:00 A.M., New York City time, on [__________], 2021 (unless another time shall be agreed to by the Representative and the Company or unless postponed in accordance with the provisions of Section 7 hereof).

Related to Payment and delivery

  • Notice of Guaranteed Delivery means the notice of guaranteed delivery in the form printed on green paper accompanying the Offer to Purchase and Circular;

  • Controlled delivery means the technique of allowing illicit or suspect consignments to pass out of, through or into the territory of one or more States, with the knowledge and under the supervision of their competent authorities, with a view to the investigation of an offence and the identification of persons involved in the commission of the offence.

  • Fifth Amendment means that certain Fifth Amendment to Credit Agreement, dated as of December 14, 2017, among Holdings, the Borrower, the Administrative Agent and the Lenders, Letter of Credit Issuers and other Credit Parties party thereto.

  • Tenth Amendment means that certain Tenth Amendment to Credit Agreement, dated as of November 15, 2019, among Holdings, the Borrower, the other Credit Parties party thereto, the Administrative Agent, the Collateral Agent and the Lenders party thereto.

  • Delayed Delivery Fee shall have the meaning specified in paragraph 2B(8)(iii).