Transactions to be Effected at Closing. At the Closing: (a) The Sellers shall surrender to the Purchasers the certificate or certificates in their possession representing the Series F Preferred Stock and Common Stock owned by the Sellers. (b) The Sellers shall surrender to the Purchasers or, at the Purchasers' direction, the Company, the Warrants in their possession. (c) The Sellers shall surrender to the Purchasers such evidence of the transfer of the Membership Interests as the Purchasers shall reasonably request (it being understood that the Membership Interests are uncertificated). (d) The Sellers shall provide a notice to the Purchasers for delivery to the Company in form and substance reasonably satisfactory to the Purchasers including (i) notice of the transactions contemplated hereby, (ii) the items contained in Section 2.3, and (iii) instructions to deliver any certificate or certificates representing the Series F Preferred Stock and Common Stock or Warrants owned by the Sellers not in the Sellers' possession to the Purchasers. (e) The Purchasers shall deliver the Purchase Price to the Sellers in accordance with Section 1.1. (f) Each of the parties shall execute and deliver to the other parties hereto such other documents or instruments as any party hereto reasonably requests to effect the transactions contemplated hereby.
Appears in 2 contracts
Sources: Purchase Agreement (Bet Associates Lp), Purchase Agreement (New World Restaurant Group Inc)