Closing of Purchase of Shares Sample Clauses

Closing of Purchase of Shares. 2.1 The closing of the purchase of the Shares (the “Closing”) will take place on such date as may be agreed to by the parties hereto (the “Closing Date”).
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Closing of Purchase of Shares. (a) At the Closing of the purchase of the Shares, the Purchase Price shall be paid to the Company by wire transfer of immediately available funds to an account designated by the Company.
Closing of Purchase of Shares. At the closing designated pursuant to Paragraph 5, Babbitt shall (i) deliver against receipt of the purchxxx xxxxx xxxxxxxx xy cash or certified or bank cashier's check, the certificate or certificates representing the Shares that each Apollo Entity has elected to purchase, properly endorsed for transfer, with all necessary transfer and documentary stamps affixed, and in a form such that upon presentation to the Corporation the Shares represented thereby may be registered in the names of the respective purchasers and (ii) be deemed to have represented and warranted to such purchaser that (a) the Shares to be sold are beneficially and of record owned by Babbitt free and clear of all liens, claims, privileges, options, sxxxxxxx interests, rights of first refusal, agreements, limitations or voting rights, preemptive rights, charges or other encumbrances of any nature (except as expressly provided by this Agreement) (an "Encumbrance") and (b) the sale and delivery of the Shares by Babbitt as contemplated hereby shall vest in the purchaser on such xxxx xxod and marketable title to such Shares free and clear of all Encumbrances (clauses (a) and (b), the "Sale Representations").
Closing of Purchase of Shares. If elections have been made by the ----------------------------- Company and/or the electing Offerees in the aggregate for all of the Offered Shares (or if the Company and/or the electing Offerees shall have received from the Offeror-Shareholder a notice of waiver and acceptance pursuant to Paragraph 5), the Company, the electing Offerees and the Offeror-Shareholder shall mutually agree on a place, time and date (not more than thirty (30) days nor less than twenty (20) days after the expiration of the Exercise Period) for a closing of such purchase and sale. At the closing, the Offeror-Shareholder shall (i) deliver against receipt of the purchase price therefor by cash or certified or bank cashier's check or wire transfer of funds, the certificate or certificates representing the Management Shares each of the Company and the electing Offerees has elected to purchase, properly endorsed for transfer, with all necessary transfer and documentary stamps affixed, and in a form such that upon presentation to the Company the Management Shares represented thereby may be registered in the names of the respective purchasers and (ii) be deemed to have represented and warranted to such purchaser that (a) the Management Shares to be sold are beneficially and of record owned by such Offeror-Shareholder free and clear of all liens, claims, privileges, options, security interests, rights of first refusal, agreements, limitations or voting rights, preemptive rights, charges or other encumbrances of any nature (except as expressly provided by this Agreement) (an "Encumbrance") and (b) the sale and delivery of the Management Shares by such Offeror-Shareholder as contemplated hereby shall vest in the purchaser on such date good, valid and marketable title to such Management Shares free and clear of all Encumbrances (clauses (a) and (b), the "Sale Representations").
Closing of Purchase of Shares. 5.1 Closing of the subscription for the Shares pursuant to this Subscription Agreement (the “Closing”) will be completed electronically at the Closing Time on December 12, 2023 or such later date as the Corporation and the Purchaser may mutually determine (the “Closing Date”), and the delivery of certificates, if any, representing the Shares shall be made in Vancouver, British Columbia.
Closing of Purchase of Shares. 4 7. Disposition by Babbitt of Shares not Purchased by the Apollo Entities ......................... 4 8. O'Brien Sale Right ............................................................................ 4 9.
Closing of Purchase of Shares. The closing of any purchase or sale transaction for shares of the Company in accordance with this Article XIV shall be completed not more than thirty (30) Days after the formation of a binding contract therefor, regardless of how the binding agreement therefor may be formed under Section 14.4.
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Closing of Purchase of Shares. ... 4 7. Disposition by Shareholder of Shares not Purchased by the Apollo Entities.......... 4 8.
Closing of Purchase of Shares. The closing of the purchase of the Shares pursuant to paragraph 1 of this letter agreement (the "Closing") shall take place on April 23, 2002, at the offices of Fried, Frank, Harris, Xxxxxxx & Xxxxxxxx, Xxx Xxx Xxxx Xxxxx, Xxx Xxxx, Xxx Xxxx at 10:00 a.m., local time. At the Closing, (a) each Seller shall sell, convey, transfer, assign and deliver to the Company all right, title and interest in and to the Shares held by such Seller, and take such other actions as may be reasonably required to consummate the transactions contemplated by paragraph 1 of this letter agreement, and (b) the Company shall deliver the Purchase Price by wire transfer to an account designated by the Sellers, and take such other actions as may be reasonably required to consummate the transactions contemplated by paragraph 1 of this letter agreement.

Related to Closing of Purchase of Shares

  • Closing of Purchase (a) Upon any purchase by the Company of the Shares pursuant to the Agreement, the Company shall give to Holder and you a written notice specifying the number of Shares to be purchased, the purchase price for the Shares, as determined pursuant to the Agreement, and the time for a closing hereunder (the “Closing”) at the principal office of the Company. Holder and the Company hereby irrevocably authorize and direct you to close the transaction contemplated by such notice in accordance with the terms of said notice.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Subscription and Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 1,125,000 of which are subject to surrender and cancellation, on the terms and subject to the conditions set forth in this Agreement. All references in this Agreement to shares of the Company being surrendered and canceled shall take effect as surrenders and cancellations for no consideration of such shares as a matter of Cayman Islands law.

  • Exercise of Purchase Option and Closing (a) The Company may exercise the Purchase Option by delivering or mailing to the Participant (or his estate), within 90 days after the termination of the employment of the Participant with the Company, a written notice of exercise of the Purchase Option. Such notice shall specify the number of Shares to be purchased. If and to the extent the Purchase Option is not so exercised by the giving of such a notice within such 90-day period, the Purchase Option shall automatically expire and terminate effective upon the expiration of such 90-day period.

  • Sale and Purchase of Stock 1.1 Subject to the terms, provisions and conditions set forth herein, Seller hereby sells and delivers to Purchaser, and Purchaser hereby purchases and receives from Seller, the Shares, in exchange for the purchase price set forth hereinafter. Purchaser hereby acknowledges receipt of one or more stock certificates representing the Shares, duly endorsed or accompanied by duly executed stock transfer form.

  • MECHANICS OF PURCHASE OF SHARES BY INVESTOR Subject to the satisfaction of the conditions set forth in Sections 2(E), 7 and 8, the closing of the purchase by the Investor of Shares (a "Closing") shall occur on the date which is no later than seven (7) Trading Days following the applicable Put Notice Date (each a "Closing Date"). Prior to each Closing Date, (I) the Company shall deliver to the Investor pursuant to this Agreement, certificates representing the Shares to be issued to the Investor on such date and registered in the name of the Investor; and (II) the Investor shall deliver to the Company the Purchase Price to be paid for such Shares, determined as set forth in Section 2(B). In lieu of delivering physical certificates representing the Securities and provided that the Company's transfer agent then is participating in The Depository Trust Company ("DTC") Fast Automated Securities Transfer ("FAST") program, upon request of the Investor, the Company shall use all commercially reasonable efforts to cause its transfer agent to electronically transmit the Securities by crediting the account of the Investor's prime broker (as specified by the Investor within a reasonably in advance of the Investor's notice) with DTC through its Deposit Withdrawal Agent Commission ("DWAC") system. The Company understands that a delay in the issuance of Securities beyond the Closing Date could result in economic damage to the Investor. After the Effective Date, as compensation to the Investor for such loss, the Company agrees to make late payments to the Investor for late issuance of Securities (delivery of Securities after the applicable Closing Date) in accordance with the following schedule (where "No. of Days Late" is defined as the number of trading days beyond the Closing Date, with the Amounts being cumulative.): LATE PAYMENT FOR EACH NO. OF DAYS LATE $10,000 WORTH OF COMMON STOCK 1 $100 2 $200 3 $300 4 $400 5 $500 6 $600 7 $700 8 $800 9 $900 10 $1,000 Over 10 $1,000 + $200 for each Business Day late beyond 10 days The Company shall make any payments incurred under this Section in immediately available funds upon demand by the Investor. Nothing herein shall limit the Investor's right to pursue actual damages for the Company's failure to issue and deliver the Securities to the Investor, except that such late payments shall offset any such actual damages incurred by the Investor, and any Open Market Adjustment Amount, as set forth below.

  • Repurchase of Shares If any share is repurchased by any of the Funds or is tendered thereto for redemption within seven business days after confirmation by us of the original purchase order from you for such security, you shall forthwith refund to us the full compensation paid to you on the original sale.

  • Purchase and Sale of Shares Closing Subject to the terms and conditions of this Agreement, the Company agrees to sell to Purchaser at the Closing, and Purchaser agrees to purchase from the Company at the Closing, 10,000,000 shares of Common Stock (the “Shares”), at a price per share of $6.00 (the “Purchase Price”). Subject to the satisfaction or waiver of the covenants and conditions set forth in Sections 2.3 and 2.4, the Closing shall occur on the date hereof at the offices of Xxxxxxxx & Xxxxxxxx or such other location as the parties shall mutually agree.

  • Sale and Purchase of Common Stock 1.1. Subject to the conditions hereof, the Company hereby agrees to issue and sell to Subscriber, and Subscriber hereby agrees to subscribe for and purchase from the Company, for investment, on the Closing Date (as defined below), the number of shares of Common Stock set forth next to Subscriber’s name on Schedule I hereto (the “Shares”) at a purchase price equal to the price per share to the public in the Public Offering, less the underwriting discounts and commission payable to the underwriters in the Public Offering (the “Purchase Price”).

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