Payment of Net Proceeds. The Underwriter on the Closing Date will pay net proceeds in the amount of the Purchase Price less the Commission (as defined below) in same day funds to the Issuer or Credit Suisse as designated by Credit Suisse not later than 2 trading days prior to the Closing Date. Delivery of the MACCS to the Underwriter will be made against payment of such amount.
Appears in 2 contracts
Sources: Purchase and Underwriting Agreement (Credit Suisse Group Ag), Purchase and Underwriting Agreement (Credit Suisse Group Ag)