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 Units shall be made at the o▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ LLP, Houston, Texas, at 10:00 A.M., New York City time, on April 18, 2007 or such other date and time and place as shall be determined by agreement between the Underwriter and the Selling Unitholder (such date and time of delivery and payment for the Units being herein called the “Delivery Date”). Delivery of the Units shall be made to the Underwriter against payment by the Underwriter of the purchase price thereof to or upon the order of the Selling Unitholder by wire transfer payable in same-day funds to an account specified by the Selling Unitholder. 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 the Underwriter. Upon delivery, the Selling Unitholder shall register the Units in such names and in such denominations as the Underwriter shall request in writing not less than two full business days prior to the Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Units, the Selling Unitholders shall make the certificates representing the Units available for inspection by the Underwriter not later than 2:00 P.M., New York City time, on the business day prior to the Delivery Date.

Appears in 1 contract

Sources: Underwriting Agreement (Enterprise Products Partners L P)

Delivery of and Payment for the Units. Delivery of and payment for the Units shall be made at the o▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ LLP, Houston, Texas, at 10:00 A.M., New York City time, on April 18, 2007 the third full business day following the date of this Agreement or at such other date and date, time and or place as shall be determined by agreement between the Underwriter Underwriters and the Selling Unitholder (such Unitholder. This date and time of delivery and payment for the Units being herein called are sometimes referred to as the “Delivery Date”). .” Delivery of the Units shall be made to the Underwriter Underwriters for the account of the Underwriters against payment by the Underwriter Underwriters of the aggregate purchase price thereof of the Units being sold by the Selling Unitholder to or upon the order of the Selling Unitholder by wire transfer payable in same-day immediately available funds to an the account specified by the Selling Unitholder. 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 obligations of the UnderwriterUnderwriters hereunder. Upon delivery, the Selling Unitholder shall instruct the transfer agent to register the Units in such names and in such denominations as the Underwriter Underwriters shall request in writing not less than two full business days prior to the Delivery Date. For the purpose of expediting the checking and packaging of the certificates for the Units, the Selling Unitholders Unitholder shall make the certificates representing the Units available for inspection by the Underwriter Underwriters not later than 2:00 5:00 P.M., New York City time, on the business day prior to the Delivery Date.

Appears in 1 contract

Sources: Underwriting Agreement (Magellan Midstream Holdings Lp)