Terms of the Purchase. On the basis of the representations, warranties, covenants, and agreements contained in this Agreement and subject to the terms and conditions of this Agreement:
Terms of the Purchase. At the option of the Subscriber/Lender, until the due date of this loan, the Subscriber/Lender may, upon written notice to the Company, elect to convert any portion of the loan to shares of the Company’s Common Stock at the price of $0.10 per share.
Terms of the Purchase. 3.1. Based on this Agreement the Seller shall transfer to the Bank the ownership right on the Purchase Item.
Terms of the Purchase. (a) . On the basis of the representations, warranties, covenants, and agreements contained in this Agreement and subject to the terms and conditions of this Agreement, at the Closing (as defined below), NPDC shall issue and sell to each of the Purchasers, and each of the Purchasers will purchase from NPDC, a Note in the principal amount specified opposite such Purchaser's name in Schedule 1.2, at a purchase price for such Note equal to 100% of the principal amount of such Note. The obligations of each Purchaser hereunder are several and not joint obligations and no Purchaser shall have any obligation or liability to any person for the performance or non-performance by any other Purchaser hereunder.
Terms of the Purchase. As indicated by “X” below, (other unmarked terms do not apply). Payment of the cash portion of the purchase price is to be a wire transfer issued by a federally regulated financial institution. Closing costs: Unless otherwise provided in this Agreement, it is agreed that Seller shall pay all transfer taxes and costs required to convey clear title. Unless otherwise provided in this Agreement, Xxxxx shall pay the cost of recording the deed and/or security interests and all mortgage closings costs required by the mortagee. ❑ Cash Sale: The full purchase price upon the delivery of a recordable Warranty Deed conveying title in the condition provided for herein. Funds to be verified on or before , payable in form of a wire transfer. ❑ New Mortgage: The full purchase price upon delivery of a recordable Warranty Deed conveying title in the condition provided for herein. Contingent upon property appraising for a minimum of sales price, if required and buyer(s)’s ability to obtain a mortgage, at no cost to the Seller(s) unless agreed to in writing, amortized for no less than years, in the amount of % of purchase price, which Xxxxx(s) agrees to make written application by (Date) , at (AM/PM). In the event that the Buyer(s) does not make written application for financing by the date provided above, the Seller(s) may terminate this agreement by written notification to the Buyer(s). Buyer(s) to provide Seller(s) with a written *mortgage commitment* (Definition: In regard to the loan applied for, the Lender has examined and underwritten the loan regarding the Buyer(s)’s credit, income reserves, and qualifying ratios.) by (Date) , at (AM/PM). In the event Buyer(s) does not provide the Seller(s) with a written mortgage commitment by the date provided above, the Seller(s) may terminate this agreement by a written notice of termination to the Buyer(s). Buyer(s) to provide Seller(s) with a written *clear to close* (Definition: All approval conditions have been satisfied, the loan is approved and funds are available to close.) by (Date) , at (AM/PM). In the event Buyer(s) does not provide the Seller(s) with a written clear to close by the date provided above, the Seller(s) may terminate this agreement by a written notice of termination to the Buyer(s). Xxxxx(s) hereby authorizes their lender to disclose all material facts regarding loan information to the Listing and Selling REALTORS®, if any, that are involved in this transaction. Buyer(s) Initials Any extensions to the above...
Terms of the Purchase. (a) Securities Purchased: Full Title of Securities
Terms of the Purchase. Series of Preferred Stock Purchased: Senior Non-Cumulative Perpetual Preferred Stock, Series C Per Share Liquidation Preference of Preferred Stock: $1,000 per share Number of Shares of Preferred Stock Purchased: 7,000 Dividend Payment Dates on the Preferred Stock: Payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year. Purchase Price: $7,000,000 Closing: Location of Closing: Virtual Time of Closing: 10:00 a.m. (EST) Date of Closing: August 18, 2011
Terms of the Purchase. The stock purchase shall be consummated on the following terms and conditions:
Terms of the Purchase. The Seller will sell and the Purchaser will purchase the 500 shares of Preferred Stock for a price of $167,000 and 1,307,822 shares of Purchaser’s common stock, par value $0.001 per share, as provided in and subject to the terms and conditions set forth herein. The purchase price, due at the closing (“Closing”), will be paid by delivery of the Purchaser’s promissory note, due in one year with simple interest at a rate of eight percent per annum, and certificates representing the shares of Purchaser’s common stock. The Seller will deliver certificates representing the Preferred Stock at the closing of the transaction against delivery of the Purchaser’s promissory note and Purchaser’s common stock. The Preferred Stock is and the Purchaser’s common stock will be “restricted securities” as defined in Rule 144 under the Securities Act of 1933. The Seller will enter into a Lockup – Leak-out Agreement in the form of Exhibit “A” with respect to the Purchaser’s common stock.
Terms of the Purchase. Series of Preferred Stock Purchased: Senior Non-Cumulative Perpetual Preferred Stock, Series A Per Share Liquidation Preference of Preferred Stock: $1,000 per share Number of Shares of Preferred Stock Purchased: 28,923 shares Dividend Payment Dates on the Preferred Stock: Payable quarterly in arrears on January 1, April 1, July 1 and October 1 of each year. Purchase Price: $28,923,000 Closing: Location of Closing: Virtual Time of Closing: 10:00 a.m. EST Date of Closing: August 25, 2011 Redemption Information (Only complete if the Company was a CPP or CDCI participant; leave blank otherwise.) Prior Program: x CPP ¨ CDCI Series of Previously Acquired Preferred Stock: Fixed Rate Cumulative Perpetual Preferred Stock, Series A Number of Shares of Previously Acquired Preferred Stock: 32,382 Repayment Amount: $32,426,975.00 Residual Amount: $3,503,975.00 Annex A (Information Specific to the Company and the Investment) SBLF Participant No. 0308 Matching Private Investment Information Treasury investment is contingent on the Company raising ¨ Yes Matching Private Investment (check one): x No If Yes, complete the following (leave blank otherwise): Aggregate Dollar Amount of Matching Private Investment Required: Aggregate Dollar Amount of Matching Private Investment Received: Class of securities representing Matching Private Investment: Date of issuance of Matching Private Investment: Annex A (Information Specific to the Company and the Investment) SBLF Participant No. 0308 ANNEX B
