Closing of Sales Clause Samples
The 'Closing of Sales' clause defines the procedures and requirements for finalizing a sales transaction between parties. It typically outlines the date, location, and conditions under which the transfer of ownership, payment, and delivery of goods or assets will occur. For example, it may specify that all necessary documents must be exchanged and payments completed before the sale is considered closed. This clause ensures that both parties clearly understand when and how the sale is officially completed, reducing the risk of disputes and providing a structured process for concluding the transaction.
Closing of Sales. All Sales of Capital Securities to such purchaser shall be consummated contemporaneously at the offices of the Company on a mutually satisfactory Business Day as soon as practicable within 16 days after the expiration of the Tag-Along Period, or at such other time and place as the parties to such Sales may agree. The delivery of certificates or other instruments evidencing such Capital Securities, duly endorsed for transfer, shall be made on such date against payment of the purchase price for such Capital Securities.
Closing of Sales. The Purchaser, if exercising its Right of Co-Sale, ---------------- may sell its Co-Sale Shares to the proposed transferee(s) (or the Company or the non-selling Shareholders (the "Remaining Shareholders"), as the case may be, should the Right of First Refusal be exercised), and the Selling Manager may sell such portion of the Subject Shares as remains after exercise by the Purchaser of its Right of Co-Sale, all on the terms and conditions otherwise described in the Transfer Notice. The closing of such purchase and sale of such Subject Shares and the Co-Sale Shares to such proposed transferees (or the Company or the Remaining Shareholders, as the case may be) shall be held simultaneously at such place and at such date and time as determined pursuant to the provisions of the Shareholders Agreement should the Right of First Refusal be exercised, or as agreed upon by the Selling Manager and the proposed transferee(s) should the Right of First Refusal not be exercised. Such closing shall take place not more than one hundred twenty (120) days following delivery of the Transfer Notice. If the Purchaser has exercised its Right of Co-Sale, at such closing, the Selling Manager shall remit or cause to be remitted to the Purchaser that portion of the sale proceeds to which the Purchaser is entitled by reason of the Purchaser's exercise of the Right of Co-Sale. To the extent that any prospective purchaser, or purchasers, prohibit such assignment or otherwise refuse to purchase Co-Sale Shares from the Purchaser, the Selling Manager shall not sell to such prospective purchaser or purchasers any Subject Shares unless and until, simultaneously with such sale, the Selling Manager shall purchase such Co-Sale Shares from the Purchaser. Any proposed transfer on terms or conditions differing materially from those described in the Transfer Notice, as well as any proposed transfer by the Selling Manager after expiration of such one hundred twenty (120)-day period, shall again require compliance by the Selling Manager with the procedures hereof.
Closing of Sales. All Sales of Stock to such Open Sale Purchaser shall be subject to consummation of the proposed Sale and consummated contemporaneously at the offices of the Company on a mutually satisfactory Business Day as soon as practicable within the Open Sale Period, or at such other time and place as the parties to such Sales may agree. The delivery of certificates or other instruments evidencing such Stock, duly endorsed for transfer, shall be made on such date against payment of the purchase price for such Stock.
Closing of Sales. The closing of any purchase by Celestica or a party designated by it of Plan Shares pursuant to Sections 6.3, 6.4 or 6.5 shall be held at the principal offices of the Corporation on a date designated by the purchaser but in any event not later than the last day upon which such purchase is permitted or required to be made. At the closing, the Nominee, as agent for and for the benefit of the Participant selling Plan Shares, shall deliver to the purchaser the share certificates and other instruments representing such Plan Shares, together with share transfer powers and other instruments transferring such Plan Shares, duly endorsed for transfer and free and clear of claims, liens, encumbrances and security interests, and, subject to Section 6.8, the purchaser shall deliver to the Participant the consideration payable upon closing.
Closing of Sales. All Sales of Stock to the Other Stockholders subject to a particular Notice of Sale shall be consummated contemporaneously at the offices of the Company on the later of (i) a mutually satisfactory Business Day as soon as practicable within 30 days after the expiration of the Stockholder Acceptance Period or (ii) the fifth Business Day following the receipt of all necessary governmental approvals applicable to such Sales, if any. The delivery of certificates or other instruments evidencing such Stock Sold, duly endorsed for transfer, shall be made on such date against payment of the purchase price for such Stock.
Closing of Sales. Any sale of Co-Sale Stock shall be consummated pursuant to Section 3.3 hereof along with the closing of the sale of Offered Securities thereunder.
Closing of Sales