Transfer Agent Matters. The Company and the Purchasers shall agree, prior to the Closing, on a form of letter of instruction to be delivered to the Company's transfer agent regarding the issuance of the Securities (which shall include, among other matters, irrevocable instructions to issue certificates upon conversion of the Series B Shares). The Company shall, prior to or as of the Closing, deliver to the transfer agent an executed copy of such letter authorizing the transfer agent to issue, pursuant to the instructions in the letter, the Securities.
Appears in 2 contracts
Sources: Series B Preferred Stock Purchase Agreement (24/7 Media Inc), Series B Preferred Stock Purchase Agreement (Elbit LTD)
Transfer Agent Matters. The Company and the Purchasers shall agree, prior to the Closing, on a form of letter of instruction to be delivered to the Company's transfer agent regarding the issuance of the Securities (which shall include, among other matters, irrevocable instructions to issue certificates upon conversion of the Series B Shares)Securities. The Company shall, prior to or as of promptly after the Closing, deliver to the transfer agent an executed copy of such letter authorizing the transfer agent to issue, pursuant to the instructions in the letter, the Securities.
Appears in 1 contract
Sources: Series a Preferred Stock and Warrant Purchase Agreement (Gric Communications Inc)