Delivery of and Payment for the Units. Delivery of and payment for the Units shall be made at 10:00 A.M., New York City time, on the third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between the Underwriters and the Partnership. This date and time are sometimes referred to as the “Delivery Date.” Delivery of the Units shall be made to the account of the Underwriters against payment by the Underwriters of the aggregate purchase price of the Units being sold by the Partnership to or upon the order of the Partnership by wire transfer in immediately available funds to the accounts specified by the Partnership. 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 Underwriters hereunder. The Partnership shall deliver the Units through the facilities of The Depository Trust Company (“DTC”) unless the Underwriters shall otherwise instruct.
Appears in 1 contract
Sources: Underwriting Agreement (Summit Midstream Partners, LP)
Delivery of and Payment for the Units. Delivery of and payment for the Units shall be made at 10:00 A.M., New York City time, on the third full business day following the date of this Agreement or at such other date or place as shall be determined by agreement between among the Underwriters Underwriter, the Partnership and the Partnershipeach Selling Unitholder. This date and time are sometimes referred to as the “Delivery Date.” Delivery of the Units shall be made to the account of the Underwriters Underwriter against payment by the Underwriters Underwriter of the respective aggregate purchase price prices of the Units being sold by the Partnership such Selling Unitholder to or upon the order of the Partnership such Selling Unitholder by wire transfer in immediately available funds to the accounts specified by the Partnershipsuch 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 Underwriters Underwriter hereunder. The Partnership shall deliver Delivery of the Units shall be made through the facilities of The Depository Trust Company (“DTC”) unless the Underwriters Underwriter shall otherwise instruct.
Appears in 1 contract
Sources: Underwriting Agreement (EnLink Midstream Partners, LP)