Common use of Closing Payment Clause in Contracts

Closing Payment. The closing of the sale to, and purchase by, the Purchaser of the Shares (the “Closing”) shall occur on the date of this Agreement (the “Closing Date”). On the Closing Date, the Seller shall deliver to the Company’s transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to the Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in the Purchaser’s name. On the Closing Date, the Purchaser will deliver to the Seller a check or wire transfer in the amount of $47,617.68., against delivery of the certificate for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Brandt Gayle R), Stock Purchase Agreement (Voss Douglas G)

Closing Payment. The closing of the sale to, and purchase by, the Purchaser of the Shares (the “Closing”) shall occur on the date of this Agreement (the “Closing Date”). On the Closing Date, the Seller shall deliver to the Company’s transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to the Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in the Purchaser’s name. On the Closing Date, the Purchaser will deliver to the Seller a check check(s) or wire transfer transfer(s) in the amount of $47,617.68.49,999.11, against delivery of the certificate certificates for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Great Lakes Aviation LTD), Stock Purchase Agreement (Great Lakes Aviation LTD)

Closing Payment. The closing of the sale to, and purchase by, the Purchaser Purchasers of the Shares (the “Closing”) shall occur on the date of this Agreement (the “Closing Date”). On the Closing Date, the Seller shall deliver to the Company’s transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to the each Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in the each Purchaser’s name. On the Closing Date, the Purchaser Purchasers will deliver to the Seller a check check(s) or wire transfer transfer(s) in the amount of $47,617.68.69,832.36, against delivery of the certificate certificates for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Great Lakes Aviation LTD), Stock Purchase Agreement (Great Lakes Aviation LTD)

Closing Payment. The closing of the sale to, and purchase by, the Purchaser of the Shares (the "Closing") shall occur on the date of this Agreement (the "Closing Date"). On the Closing Date, the Seller shall deliver to the Company’s 's transfer agent the certificate or certificates representing the Shares currently registered in her name and shall irrevocably instruct such transfer agent in writing, in a form acceptable to the Purchaser, to cancel that certificate or certificates and issue a certificate representing the Shares registered in the Purchaser’s 's name. On the Closing Date, the Purchaser will deliver to the Seller a check or wire transfer in the amount of $47,617.68.49,999.77, against delivery of the certificate for the Shares, in payment of the total purchase price for the Shares.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Great Lakes Aviation LTD), Stock Purchase Agreement (Brandt Gayle R)