Common use of CLOSING AND TRANSFER Clause in Contracts

CLOSING AND TRANSFER. The Closing of the transactions provided for herein shall be held at the offices of the Company on July 25, 2008, or such later date as may be mutually agreed upon by the parties. At the Closing: 4.1 Each party shall deliver to the other a fully executed copy of this Agreement. 4.2 Seller shall deliver all of the Shares to the Company by transfer of the Shares, through the Depository Trust Company, from Seller’s brokerage account to the Company’s brokerage account; to effect such transfer, Seller will deliver instructions to its securities broker holding the Shares substantially in the form of the instruction letter attached to this Agreement as Exhibit A (or such other form as the parties may agree) and shall provide to the Company a copy of the delivery of such instruction letter to its securities broker at the time of the Closing. 4.3 The Company shall pay the purchase price for the Shares as provided in Section 3 hereof and shall provide evidence to Seller of the wire transfer of funds for that payment. Effective at the time of Closing, the Company shall be entitled to transfer all of the Shares on the books of the Company to the name of the Company.