Common use of Payment for the Securities Clause in Contracts

Payment for the Securities. Payment for the Securities shall be made on the Closing Date by wire transfer of immediately available funds to a bank account designated by the Issuer against delivery to the Representatives for the respective accounts of the Underwriters of certificates for the Securities to be purchased by them. It is understood that each Underwriter has authorized the Representatives, for its account, to accept delivery of, receipt for, and make payment of the purchase price for, the Securities which it has agreed to purchase. The Representatives, in their individual capacity and not as representatives of the Underwriters, may (but shall not be obligated to) make payment of the purchase price for the Securities to be purchased by any Underwriter whose funds have not been received by the Closing Date, but such payment shall not relieve such Underwriter from its obligations hereunder.

Payment for the Securities. Payment for the Securities shall be made on at the Closing Date by wire transfer of immediately available funds to a bank account designated by the Issuer against delivery to the Representatives for the respective accounts order of the Underwriters of certificates for the Securities to be purchased by themOperating Partnership. It is understood that each Underwriter has authorized the RepresentativesRepresentatives have been authorized, for its accounttheir own account and the accounts of the several Underwriters, to accept delivery of, of and receipt for, and make payment of the purchase price for, the Securities which it has the Underwriters have agreed to purchase. The RepresentativesXxxxxxx Lynch, in their individual capacity Pierce, Xxxxxx & Xxxxx Incorporated, individually and not as representatives a Representative of the Underwriters, may (but shall not be obligated to) make payment of the purchase price for the any Securities to be purchased by any Underwriter whose funds shall not have not been received by the Representatives by the Closing DateDate for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations hereunderunder this Agreement.

Payment for the Securities. Payment for the Securities shall be made on at the Closing Date by wire transfer of immediately available funds to a bank account designated by the Issuer against delivery to the Representatives for the respective accounts order of the Underwriters of certificates for the Securities to be purchased by themOperating Partnership. It is understood that each Underwriter has authorized the RepresentativesRepresentatives have been authorized, for its accounttheir own account and the accounts of the several Underwriters, to accept delivery of, of and receipt for, and make payment of the purchase price for, the Securities which it has the Underwriters have agreed to purchase. The RepresentativesEach of X.X. Xxxxxx, in their individual capacity Barclays, BofA Xxxxxxx Xxxxx and Xxxxx Fargo, individually and not as representatives a Representative of the Underwriters, may (but shall not be obligated to) make payment of the purchase price for the any Securities to be purchased by any Underwriter whose funds shall not have not been received by the Representatives by the Closing DateDate for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations hereunderunder this Agreement.