Purchase of Offered Securities. The consummation of any ------------------------------ purchase and sale pursuant to Section 4.1 hereof shall take place on such date, not later than 30 calendar days after the expiration of the option period pursuant to Section 4.1 hereof with respect to such option, as the Other Shareholders or the Company, as the case may be, shall select. Prior to the consummation of any sale pursuant to Section 4.1 hereof, the Selling Shareholder shall comply with Section 3.4(b) hereof. Upon the consummation of any such purchase and sale, the Selling Shareholder shall deliver certificates representing the Offered Securities sold duly endorsed, free and clear of any liens, against delivery of the Transfer Offer Price Per Security for each of the Offered Securities purchased by certified or bank check, wire transfer or, in the case of non-cash consideration, such other manner reasonably acceptable to the parties.
Appears in 2 contracts
Sources: Stockholders' Agreement (MRS Fields Brand Inc), Stockholders' Agreement (MRS Fields Holding Co Inc)
Purchase of Offered Securities. The consummation of any ------------------------------ purchase and sale pursuant to Section 4.1 hereof shall take place on such date, not later than 30 calendar days after the expiration of the option period pursuant to Section 4.1 hereof with respect to such option, as the Other Shareholders or the Company, as the case may be, shall select. Prior to the consummation of any sale pursuant to Section 4.1 hereof, the Selling Shareholder shall comply with Section 3.4(b3.2(b) hereof. Upon the consummation of any such purchase and sale, the Selling Shareholder shall deliver certificates representing the Offered Securities sold duly endorsed, free and clear of any liens, against delivery of the Transfer Offer Price Per Security for each of the Offered Securities purchased by certified or bank check, wire transfer or, in the case of non-cash consideration, such other manner reasonably acceptable to the parties.
Appears in 1 contract
Sources: Stockholders' Agreement (Fields MRS Original Cookies Inc)