Common use of Delivery of and Payment for the Units Clause in Contracts

Delivery of and Payment for the Units. Delivery of and payment for the Firm Units shall be made at the offices of ▇▇▇▇▇▇ & ▇▇▇▇▇▇ L.L.P. at 10:00 A.M., New York City time, on the fourth full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives and the Partnership. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Partnership shall cause its transfer agent to deposit as original issue the Firm Units pursuant to the Full Fast Delivery Program of The Depository Trust Company ("DTC") for the account of each Underwriter against payment to or upon the order of the Partnership of the purchase price by wire transfer of immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. The option granted in Section 2 will expire 30 days after the date of this Agreement and may be exercised in whole or in part from time to time by written notice being given to the Partnership by the Representatives. Such notice shall set forth the aggregate number of Option Units as to which the option is being exercised, the names in which the Option Units are to be registered, the denominations in which the Option Units are to be issued and the date and time, as determined by the Representatives, when the Option Units are to be delivered; provided, however, that this date and time shall not be earlier than the First Delivery Date nor earlier than the second business day after the date on which the option shall have been exercised nor later than the fifth business day after the date on which the option shall have been exercised. The date and time the Option Units are delivered are sometimes referred to as the "Second Delivery Date," and the First Delivery Date and the Second Delivery Date are sometimes each referred to as a "Delivery Date." Delivery of and payment for the Option Units shall be made at the place specified in the first sentence of the first paragraph of this Section 4 (or at such other place as shall be determined by agreement between the Representatives and the Partnership) at 10:00 A.M., New York City time, on the Second Delivery Date. On the Second Delivery Date, the Partnership shall cause its transfer agent to deposit as original issue the Option Units pursuant to the Full Fast Delivery Program of the DTC for the account of each Underwriter against payment to or upon the order of the Partnership of the purchase price by wire transfer of immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder.

Appears in 1 contract

Sources: Underwriting Agreement (Penn Virginia Corp)

Delivery of and Payment for the Units. Delivery of and payment for the Firm Units shall be made at the offices of ▇▇▇▇▇& ▇▇▇▇▇▇ L.L.P. LLP beginning at 10:00 A.M.8:30 a.m., New York City Houston, Texas time, on the fourth full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Representatives ▇▇▇▇▇▇ Brothers Inc. and the Partnership. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Partnership shall cause its transfer agent to deposit as original issue the Firm Units pursuant to the Full Fast Delivery Program of The Depository Trust Company ("DTC") for the account of each Underwriter against payment to or upon the order of the Partnership of the purchase price by wire transfer of in immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. The option Option granted in Section 2 will expire 30 thirty (30) days after the date of this Agreement and may be exercised in whole or in part from time to time by written notice being given to the Partnership by the Representatives. ▇▇▇▇▇▇ Brothers Inc. Such notice shall set forth the aggregate number of Option Units as to which the option Option is being exercised, the names in which the Option Units are to be registered, the denominations in which the Option Units are to be issued and the date and time, as determined by the Representatives▇▇▇▇▇▇ Brothers Inc., when the Option Units are to be delivered; provided, however, that this date and time shall not be earlier than the First Delivery Date nor earlier than the second business day after the date on which the option Option shall have been exercised nor later than the fifth business day after the date on which the option Option shall have been exercised. The date and time the Option Units are delivered are sometimes referred to as the a "Second Delivery Date," and the First Delivery Date and the any Second Delivery Date are sometimes each referred to as a "Delivery Date." Delivery of and payment for the Option Units shall be made at the place specified in the first sentence of the first paragraph of this Section 4 (or at such other place as shall be determined by agreement between the Representatives ▇▇▇▇▇▇ Brothers Inc. and the Partnership) beginning at 10:00 A.M.8:30 a.m., New York City Houston, Texas time, on the such Second Delivery Date. On the such Second Delivery Date, the Partnership shall cause its transfer agent to deposit as original issue the Option Units pursuant to the Full Fast Delivery Program of the DTC for the account of each Underwriter against payment to or upon the order of the Partnership of the purchase price by wire transfer of in immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder.

Appears in 1 contract

Sources: Underwriting Agreement (Sunoco Logistics Partners Lp)

Delivery of and Payment for the Units. Delivery of and payment for the Firm Units shall be made at the offices of ▇▇▇▇▇▇ & ▇▇▇▇▇▇ L.L.P. at 10:00 A.M., New York City time, on the fourth full business day following the date of this Agreement March 16, 2005 or at such other date or place as shall be determined by agreement between the Representatives Underwriters, the Selling Unitholder and the Partnership. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Partnership and the Selling Unitholder shall deliver or cause its transfer agent to deposit as original issue be delivered certificates representing the Firm Units pursuant to the Full Fast Delivery Program of The Depository Trust Company ("DTC") Underwriters for the account of each Underwriter the Underwriters against payment to or upon the order of the Partnership and the Selling Unitholder of the purchase price by wire transfer of in immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. The option granted in Section 2 3 will expire 30 days after the date of this Agreement and may be exercised in whole or in part from time to time by written notice being given to the Partnership by the RepresentativesUnderwriters. Such notice shall set forth the aggregate number of Option Units as to which the option is being exercised, the names in which the Option Units are to be registered, the denominations in which the Option Units are to be issued purchased and the date and time, as determined by the RepresentativesUnderwriters, when the Option Units are to be delivered; provided, however, that this date and time shall not be earlier than the First Delivery Date nor earlier than the second business day after the date on which the option shall have been exercised nor later than the fifth business day after the date on which the option shall have been exercised. The date and time the Option Units are delivered are sometimes referred to as the "Second Delivery Date," and the First Delivery Date and the Second Delivery Date are sometimes each referred to as a "Delivery Date." Delivery of and payment for the Option Units shall be made at the place specified in the first sentence of the first paragraph of this Section 4 5 (or at such other place as shall be determined by agreement between the Representatives Underwriters and the Partnership) at 10:00 A.M., New York City time, on the Second Delivery Date. On the Second Delivery Date, the Partnership shall deliver or cause its transfer agent to deposit as original issue be delivered certificates representing the Option Units pursuant to the Full Fast Delivery Program of the DTC Underwriters for the account of each Underwriter the Underwriters against payment to or upon the order of the Partnership of the purchase price by wire transfer of in immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder.

Appears in 1 contract

Sources: Underwriting Agreement (Penn Virginia Resource Partners L P)

Delivery of and Payment for the Units. Delivery of and payment for the Firm Units shall be made at the offices of V▇▇▇▇▇ & E▇▇▇▇▇ L.L.P. in Houston, Texas at 10:00 A.M.9:00 a.m., New York City Houston, Texas time, on the fourth full business day following the date of this Agreement June 30, 2004 or at such other date or place as shall be determined by agreement between the Representatives among Citigroup Global Markets Inc., L▇▇▇▇▇ Brothers Inc. and the Partnership. This date and time are sometimes referred to as the "First Delivery Date." On the First Delivery Date, the Partnership shall deliver or cause its transfer agent to deposit as original issue be delivered the Firm Units pursuant to Citigroup Global Markets Inc. and L▇▇▇▇▇ Brothers Inc. for the Full Fast Delivery Program account of each Underwriter in book entry form through the facilities of The Depository Trust Company ("DTC") for the account of each Underwriter against payment to or upon the order of the Partnership of the purchase price by wire transfer of immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder. The option granted in Section 2 will expire 30 days after the date of this Agreement and may be exercised in whole or in part from time to time by written notice being given to the Partnership by the Representatives. Citigroup Global Markets Inc. and L▇▇▇▇▇ Brothers Inc. Such notice shall set forth the aggregate number of Option Units as to which the option is being exercised, the names in which the Option Units are to be registered, the denominations in which the Option Units are to be issued and the date and time, as determined by the RepresentativesCitigroup Global Markets Inc. and L▇▇▇▇▇ Brothers Inc., when the Option Units are to be delivered; provided, however, that this date and time shall not be earlier than the First Delivery Date nor earlier than the second business day after the date on which the option shall have been exercised nor later than the fifth business day after the date on which the option shall have been exercised. The date and time the Option Units are delivered are sometimes referred to as the "Second Delivery Date," and the First Delivery Date and the Second Delivery Date are sometimes each referred to as a "Delivery Date." Delivery of and payment for the Option Units shall be made at the place specified in the first sentence of the first paragraph of this Section 4 (or at such other place as shall be determined by agreement between the Representatives among Citigroup Global Markets Inc., L▇▇▇▇▇ Brothers Inc. and the Partnership) at 10:00 A.M.9:00 a.m., New York City Houston, Texas time, on the Second Delivery Date. On the Second Delivery Date, the Partnership shall deliver or cause its transfer agent to deposit as original issue be delivered the Option Units pursuant to the Full Fast Delivery Program of the DTC Citigroup Global Markets Inc. and L▇▇▇▇▇ Brothers Inc. for the account of each Underwriter in book entry form through the facilities of the DTC against payment to or upon the order of the Partnership of the purchase price by wire transfer of immediately available funds. Time shall be of the essence, and delivery at the time and place specified pursuant to this Agreement is a further condition of the obligation of each Underwriter hereunder.

Appears in 1 contract

Sources: Underwriting Agreement (Energy Transfer Partners Lp)