Common use of Delivery of Common Stock Clause in Contracts

Delivery of Common Stock. At such closing, simultaneously with the delivery of immediately available funds as provided in Section 2(f) hereof, Issuer shall deliver to Grantee a certificate or certificates representing the number of shares of Common Stock specified in the Option Notice and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the shares of Common Stock purchasable hereunder.

Appears in 8 contracts

Samples: Stock Option Agreement (Western Bancorp), Stock Option Agreement (Mid-State Bancshares), Stock Option Agreement (Monarch Bancorp)

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Delivery of Common Stock. At such closing, simultaneously with the delivery of immediately available funds subject to any requisite Notification and/or Approval having been made or given and being in full force and effect, and only following payment as provided set forth in Section 2(f2(e) hereof, Issuer shall deliver to Grantee a certificate or certificates representing the number of shares of Common Stock specified in the Option Notice and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the shares of Common Stock purchasable hereunder.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Landmark Financial Corp /De)

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Delivery of Common Stock. At such closing, simultaneously ------------------------ with the delivery of immediately available funds as provided in Section 2(f) hereof, Issuer shall deliver to Grantee a certificate or certificates representing the number of shares of Common Stock specified in the Option Notice and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the shares of Common Stock purchasable hereunder.

Appears in 1 contract

Samples: Stock Option Agreement (Vectra Banking Corp)

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