Common use of Payment for Securities Clause in Contracts

Payment for Securities. On the applicable Closing Date, you shall have made payment, for the several accounts of the Underwriters, of the aggregate Purchase Price for the Securities then being purchased by certified or bank cashier's checks payable in next day funds to the order of the Company. If the conditions to the obligations of the Company provided by this Section 5 have been fulfilled on the First Closing Date but are not fulfilled after the First Closing Date and prior to the Option Closing Date, then only the obligation of the Company to sell and deliver the Option Securities upon exercise of the Over-Allotment Option shall be affected.

Appears in 2 contracts

Samples: Underwriting Agreement (Baltia Air Lines Inc), Underwriting Agreement (Baltia Air Lines Inc)

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Payment for Securities. On the applicable Closing Date, you shall have made payment, for the several accounts account of the UnderwritersUnderwriter, of the aggregate Purchase Price for the Securities then being purchased by certified or bank cashier's checks payable in next day funds to the order of the Company. If the conditions to the obligations of the Company provided by this Section 5 have been fulfilled on the First Closing Date but are not fulfilled after the First Closing Date and prior to the Option Closing Date, then only the obligation of the Company to sell and deliver the Option Securities upon exercise of the Over-Allotment Option shall be affected.

Appears in 2 contracts

Samples: Underwriting Agreement (Univec Inc), Community Care (Community Care Services Inc)

Payment for Securities. On the applicable Closing Date, you shall have made payment, for the several accounts account of the Underwriters, of the aggregate Purchase Price for the Securities then being purchased by certified or bank cashier's checks payable in next day funds to the order of the Company. If the conditions to the obligations of the Company provided by this Section 5 have been fulfilled on the First Closing Date but are not fulfilled after the First Closing Date and prior to the Option Closing Date, then only the obligation of the Company to sell and deliver the Option Securities upon exercise of the Over-Allotment Option shall be affected.

Appears in 2 contracts

Samples: Underwriting Agreement (Univec Inc), Underwriting Agreement (Utek Corp)

Payment for Securities. On the applicable Closing Date, you shall have made payment, for the several accounts of the UnderwritersUnderwriter, of the aggregate Purchase Price for the Securities shares of Common Stock and Warrants then being purchased by certified or bank cashier's checks payable in next day funds to the order of the Company. If the conditions to the obligations of the Company provided by this Section 5 have been fulfilled on the First Closing Date but are not fulfilled after the First Closing Date and prior to the Option Closing Date, then only the obligation of the Company to sell and deliver the Option Securities upon exercise of the Over-Allotment Option shall be affected.

Appears in 1 contract

Samples: Underwriting Agreement (Rockwell Medical Technologies Inc)

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Payment for Securities. On the applicable Closing Date, you shall have made payment, for the several accounts of the Underwriters, of the aggregate Purchase Price for the Securities shares of Common Stock and Warrants then being purchased by certified or bank cashier's checks payable in next day funds to the order of the Company. If the conditions to the obligations of the Company provided by this Section 5 have been fulfilled on the First Closing Date but are not fulfilled after the First Closing Date and prior to the Option Closing Date, then only the obligation of the Company to sell and deliver the Option Securities upon exercise of the Over-Allotment Option shall be affected.

Appears in 1 contract

Samples: Underwriting Agreement (Rockwell Medical Technologies Inc)

Payment for Securities. On the applicable Closing Date, you shall have made payment, for the several accounts account of the UnderwritersUnderwriter, of the aggregate Purchase Price for the Securities then being purchased by certified or bank cashier's checks payable in next day funds to the order of the Company. If the conditions to the obligations of the Company and the Selling Stockholders provided by this Section 5 have been fulfilled on the First Closing Date but are not fulfilled after the First Closing Date and prior to the Option Closing Date, then only the obligation of the Company to sell and deliver the Option Securities Shares upon exercise of the Over-Allotment Option shall be affected.

Appears in 1 contract

Samples: Underwriting Agreement (Pride Automotive Group Inc)

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