PAYMENT FOR INTERESTS Sample Clauses

PAYMENT FOR INTERESTS. OR INCREASES IN INTERESTS, IN THE TRUST The Custodian shall make appropriate arrangements with the Transfer Agent of the Trust to enable the Custodian to make certain it promptly receives the cash or other consideration due to the Trust for payment of interests in the Trust, or increases in such interests, in accordance with the governing documents and registration statement of the Trust. The Custodian will provide prompt notification to the Trust of any receipt by it of such payments.
View SourceView Similar (7)
PAYMENT FOR INTERESTS. Payment for the Interests shall be received by the Company from the undersigned by wire transfer of immediately available funds or other means approved by the Company at least three business days prior to the Closing Date, in the aggregate amount as set forth in the signature page hereto. The Interests will be issued in book-entry form and will bear an appropriate legend referring to the fact that the Interests were sold in reliance upon an exemption from registration under the Securities Act.
View SourceView Similar (2)
PAYMENT FOR INTERESTS. The Custodian shall receive from the distributor of the Fund's Interests or from the transfer agent of the Fund (the "Transfer Agent") and deposit into the Fund's account such payments as are received for Interests of the Fund issued or sold from time to time by the Fund. The Custodian will provide timely notification to the Fund and the Transfer Agent of any receipt by it of cash payments for Interests of the Fund.
View Source
PAYMENT FOR INTERESTS. (a) At or prior to the Effective Time, the Company shall designate a disbursing agent reasonably satisfactory to HCP to act as the Exchange Agent in the Merger (the "EXCHANGE AGENT") for purposes of disbursing the merger consideration pursuant to SECTION 2.1 of this Agreement. Promptly after the Effective Time, the Company will provide the Exchange Agent funds necessary to make the payments contemplated by SECTION 2.1 on a timely basis. (b) As soon as practicable after the Effective Time, the Company shall cause the Exchange Agent to mail, by first class mail, to each holder of record (other than the Company) of issued and outstanding Units of the HCP Interests immediately prior to the Effective Time a form letter of transmittal (the "LETTER OF TRANSMITTAL") for return to the Exchange Agent with the Interest Holder's instructions for the payment of the merger consideration for each of such holder's Units. The Exchange Agent, as soon as practicable following receipt of any such Letter of Transmittal, duly executed, and any other items specified by the Letter of Transmittal, shall pay, by check or draft, to such Interest Holder an amount equal to the product of (i) the number of Units confirmed by such Interest Holder and (ii) the merger consideration per Unit. No interest will be paid or accrued on the merger consideration. If payment is to be made to a person other than the person in whose name the Interest is registered, it shall be a condition of payment that such Interest Holder requesting such payment shall pay any transfer or other taxes required by reason of the payment to a person other than the Interest Holder.
View Source

Related to PAYMENT FOR INTERESTS

  • Payment for Securities Payment for the Securities shall be received by the Company from the undersigned by wire transfer of immediately available funds or other means approved by the Company at or prior to the Closing, in the amount as set forth in Appendix A hereto. The Company shall deliver certificates representing the Securities to the undersigned at the Closing bearing an appropriate legend referring to the fact that the Securities were sold in reliance upon an exemption from registration under the Securities Act.

  • Payment for Securities Sold In its sole discretion and from time to time, the Custodian may credit the Fund Custody Account, prior to actual receipt of final payment thereof, with (i) proceeds from the sale of Securities which it has been instructed to deliver against payment, (ii) proceeds from the redemption of Securities or other assets of the Fund, and (iii) income from cash, Securities or other assets of the Fund. Any such credit shall be conditional upon actual receipt by Custodian of final payment and may be reversed if final payment is not actually received in full. The Custodian may, in its sole discretion and from time to time, permit the Fund to use funds so credited to the Fund Custody Account in anticipation of actual receipt of final payment. Any such funds shall be repayable immediately upon demand made by the Custodian at any time prior to the actual receipt of all final payments in anticipation of which funds were credited to the Fund Custody Account.