Common use of Deliveries by the Parties Clause in Contracts

Deliveries by the Parties. At a closing to be held no later than November 17, 2000: (a) the Purchaser shall deliver to the Seller certificates for the Global Shares in the amount listed in Section 1.1. Such certificates shall bear the following legend: THE SECURITIES EVIDENCED BY THIS CERTIFICATE MAY NOT BE OFFERED OR SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT (i) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (ii) TO THE EXTENT APPLICABLE, PURSUANT TO RULE 144 UNDER THE ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (iii) PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER SUCH ACT. (b) At Closing, the Seller shall deliver an assignment evidencing the transfer of the Interest to the Purchaser.

Appears in 2 contracts

Sources: Exchange Agreement (Global Asset Holdings Inc), Exchange Agreement (Global Asset Holdings Inc)

Deliveries by the Parties. At a closing to be held no later than November 17March 16, 20002001: (a) the Purchaser shall deliver to the Seller certificates for the Global Shares in the amount listed set forth in Section 1.11.4. Such certificates shall bear the following legend: THE SECURITIES EVIDENCED BY THIS CERTIFICATE MAY NOT BE OFFERED OR SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT (i) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED, (ii) TO THE EXTENT APPLICABLE, PURSUANT TO RULE 144 UNDER THE ACT (OR ANY SIMILAR RULE UNDER SUCH ACT RELATING TO THE DISPOSITION OF SECURITIES), OR (iii) PURSUANT TO AN AVAILABLE EXEMPTION FROM REGISTRATION UNDER SUCH ACT. (b) At Closing, the each Seller shall deliver an assignment evidencing any and all certificates for the transfer of the Interest to the PurchaserTarget Shares accompanied by a validly executed stock power.

Appears in 1 contract

Sources: Exchange Agreement (Global Asset Holdings Inc)