Common use of Delivery of Certificates by Redeeming Stockholders Clause in Contracts

Delivery of Certificates by Redeeming Stockholders. At the -------------------------------------------------- Closing, each Redeeming Stockholder will deliver to CII, free and clear of any liens, options, claims or encumbrances, one or more certificates representing the Redeemed Securities being redeemed from such Redeeming Stockholder, duly endorsed in blank or accompanied by stock powers or other instruments of transfer duly executed in blank, and bearing or accompanied by all requisite stock transfer stamps.

Appears in 2 contracts

Sources: Recapitalization Agreement (Kilovac International Inc), Recapitalization Agreement (Kilovac International Inc)