Common use of Completion of the Transaction Clause in Contracts

Completion of the Transaction. In furtherance of the completion of the foregoing, the Vendors shall deliver to the Purchaser two (2) stock certificates, collectively representing the BHHI Shares, each duly endorsed for transfer to the Purchaser or accompanied by a stock power duly completed and executed, transferring the BHHI Shares to the Purchaser. Against receipt of such documents, the Purchaser shall deliver to the Vendors the stock certificates registered in the name of BWI and BHOC, respectively, representing the respective number of BHC Shares to be issued to each, in full payment thereof.

Appears in 2 contracts

Sources: Purchase Agreement (Brookfield Homes Corp), Purchase Agreement (Brookfield Homes Corp)