Agreement for Subscription Sample Clauses
An Agreement for Subscription is a contractual provision that outlines the terms under which one party agrees to subscribe to shares or interests in a company or fund. This clause typically specifies the number of shares to be acquired, the subscription price, payment terms, and any conditions precedent to the subscription. For example, it may require the subscriber to pay a certain amount by a specific date or upon the occurrence of certain events. The core function of this clause is to formalize the commitment of the subscriber and the issuer, ensuring both parties are clear on their obligations and the process for issuing and receiving the subscribed interests.
Agreement for Subscription. This is the basic deal. Edit only to reflect the precise terms ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Agreement for Subscription. 3.1. Subject to ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ :
3.1.1 subscribe for [50,000] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
3.1.2 lend to the Company the sum of $ [5 ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
3.2. The Subscription Money shall be paid as to $ [ 300 , 000 ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ $[ 200 , 000 ] ■ ■ ■ ■ [ ■ ■ ■ ■ ].
3.3. The Company acknowledges receipt of the sum of $ [ 300 , 000 ] [ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ].
3.4. All the Shareholders certify that the necessary arrangements have been made for the issue ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Agreement for Subscription. 3.1. Subject to the terms and conditions of this Agreement (including, for the avoidance of doubt, the fulfilment, satisfaction or waiver, as the case may be, of the applicable Investor Conditions Precedent and the Company Conditions Precedent, respectively), and relying on the representations and warranties herein, the Investor agrees to subscribe for the applicable number of Subscription Preference Shares set forth on Exhibit A hereto at the applicable Subscription Amount at the applicable Completion, and the Company agrees to issue and allot to the Investor the corresponding number of applicable Subscription Preference Shares free from all Security Interests as set out in this Agreement.
3.2. [reserved.]
3.3. At the applicable Completion, the total consideration payable by the Investor for the applicable Subscription Preference Shares subscribed by the Investor shall be the applicable Subscription Amount, which shall be paid by the Investor to the Company in accordance with the provisions of Clause 4.
3.4. The total Subscription Amount paid by the Investor shall be utilised by the Company for general corporate purposes.
3.5. The Parties expressly declare, acknowledge and agree that the issue and allotment by the Company of and the subscription by the Investor for its Subscription Preference Shares shall be on the basis that on each Completion:
3.5.1. the Company will have full right, power and authority to allot and issue the agreed number of the Subscription Preference Shares without any restriction or impediment, whether legal or otherwise (other than restrictions or impediments created by applicable law, the New Shareholders’ Agreement or any other Transaction Agreement), and is capable of granting the Investor title and full ownership rights to such Subscription Preference Shares together with all rights and benefits attaching thereto; and
3.5.2. the Subscription Preference Shares when issued and allotted to the Investor will be free of any Security Interest.
3.6. The Parties agree that the terms of and the rights, preferences and privileges attached to the Subscription Preference Shares shall be as set out in the New Memorandum and Articles.
Agreement for Subscription. 8 Section 4.01. Subscription by IFC .................................... 8 ------------------- Section 4.02. Anti-dilution ..........................................10 ------------- Section 4.03.
Agreement for Subscription. This is the basic deal. Edit only ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . The issue of new shares will require evidence of proper authority in the form of minutes of an EGM of the Company, in respect of which proper notice has been given, and in which the proposed issue is put to those present as a special resolution, which is ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ 75 % ■ ■ ■ ■ . ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ 100 % ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ . If the subscriber (sensibly) requires a shareholders’ agreement, the Company may be a party to ■ ■ ■ ■ . ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Agreement for Subscription. 3.1 ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■
3.1.1 ■ ■ ■ ■ ■ ■ ■ ■ [ 4 , 650 ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ [ ■ ■ ■ ■ ] ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Agreement for Subscription