Wire Initiation definition

Wire Initiation means the initiation by or on behalf of Sub of a wire of immediately available funds to an account designated by such Stockholder, in writing within ten (10) Business Days after the date hereof, in an amount equal to the aggregate consideration for such Stockholder’s Net Shares.
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Examples of Wire Initiation in a sentence

  • The initiation of such payment by wire transfer is referred to herein as the “Wire Initiation,” provided that in no event shall the Wire Initiation occur until after the Acceptance Time.

  • The Company covenants that it shall issue, or cause to be issued, in book-entry form, shares representing the Option Shares in the name of the Stockholder as soon as reasonably practicable after the Wire Initiation in full satisfaction of the Company’s obligations under the Company Stock Options.

  • Such Stockholder hereby irrevocably directs the Company, on its behalf, to transfer any share certificates issued pursuant to Section 4.7 with respect to the Net Shares to Sub immediately upon the Wire Initiation, and the Company covenants to so transfer and deliver such share certificates to Sub.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Option Shares in the name of the Stockholder immediately after the Wire Initiation in full satisfaction of the Company’s obligations under the Company Options.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately after the Wire Initiation in full satisfaction of the Company’s obligations under the Warrants and Company Stock Options.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately following the occurrence of each of the Acceptance Time and the Wire Initiation in full satisfaction of the Company’s obligations under the Company Stock Options.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately after the Wire Initiation in full satisfaction of the Company’s obligations under such Stockholder’s Company Options.

  • Each of the Stockholders hereby irrevocably directs the Company, on its behalf, to transfer any share certificates issued pursuant to Section 4.6 with respect to the Net Shares to Acquisition Sub immediately upon the Wire Initiation, and the Company covenants to so transfer and deliver such share certificates to Acquisition Sub.

  • Wire transfers will not be processed on the following Federal Reserve Holidays as all divisions of Financial Institution are closed: New Year’s Day ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ Day Presidents’ Day Memorial Day Independence Day Labor Day Columbus Day Veterans’ Day Thanksgiving Day Christmas Day Wire Initiation.

  • The Company covenants that it shall issue, or cause to be issued, duly and validly executed physical stock certificates representing the Net Shares in the name of such Stockholder immediately after the Wire Initiation in full satisfaction of the Company’s obligations under the Company Stock Options.