Commitment To Purchase Units Sample Clauses
The Commitment To Purchase Units clause establishes a party's binding obligation to buy a specified number of units, typically in the context of a securities offering or investment agreement. This clause outlines the quantity of units to be purchased, the purchase price, and the timeline for completing the transaction, ensuring both parties are clear on their respective commitments. Its core function is to provide certainty and enforceability regarding the purchase, thereby reducing the risk of last-minute withdrawal or misunderstanding between the parties.
Commitment To Purchase Units. Subject to and immediately prior to the consummation of the Company’s initial public offering (the “IPO”), Purchaser hereby agrees to subscribe for and purchase from the Company, and the Company hereby agrees to issue and sell to Purchaser, 43,750 units (the “Units”) at a purchase price of $8.00 per Unit for an aggregate purchase price of $350,000. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant” and, together with the Units and the Common Stock, the “Securities”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $6.00, in accordance with the terms of the Warrant as set forth in the Warrant Agreement entered into by and between the Company and American Stock Transfer & Trust Company, as warrant agent. The Warrant Agreement shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The closing of the purchase and sale of the Units hereunder, including payment for and delivery of the Units, shall occur at the offices of the Company immediately prior to, and subject to consummation of, the IPO.
Commitment To Purchase Units. Subject to and immediately prior to the consummation of the Company’s initial public offering (the “IPO”), Purchaser hereby agrees to subscribe for and purchase from the Company, and the Company hereby agrees to issue and sell to Purchaser, 556,250 units (the “Units”) at a purchase price of $8.00 per Unit for an aggregate purchase price of $4,450,000. Each Unit consists of one share of the common stock of the Company, par value $0.001 per share (the “Common Stock”), and one warrant (a “Warrant”) exercisable for one share of Common Stock. Each Warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $6.00, in accordance with the terms of the Warrant as set forth in the Warrant Agreement entered into by and between the Company and American Stock Transfer & Trust Company, as warrant agent. The Warrant Agreement shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The closing of the purchase and sale of the Units hereunder, including payment for and delivery of the Units, shall occur at the offices of the Company immediately prior to, and subject to consummation of, the IPO.
Commitment To Purchase Units. Save and except for any early termination of the Agreement under Section 13.2 for contractual breach by Wavecom APAC, TCL shall purchase and pay for the Minimum Guaranteed Units in the first twelve (12) months following the first delivery of Products and Software to TCL (the "Minimum Guarantee Period"). In the event of delays attributable to Wavecom APAC, the Minimum Guarantee Period shall be extended by a period equivalent to the period of delay unless otherwise agreed by the Parties. The prices defined in Appendix I are based on expected sales from Wavecom APAC to TCL of two and a half million units of Products and Software.
Commitment To Purchase Units. Handspring or the Authorized Manufacturing Partner shall purchase [*] of the Products in the first [*] months starting from the date the Working GPRS Software is available to Handspring or the Authorized Manufacturing Partner. If Handspring or the Authorized Manufacturing Partner fails to issue Purchase Orders for said quantity of Products during the above mentioned period of time, Handspring shall nevertheless be liable to Wavecom for the purchase price of said [*] units of Products less than units of Products already purchased prior to and within this time period. The Purchase Orders issued by Handspring or the Authorized Manufacturing Partner for the purchase of those [*] units are firm, non cancelable Purchase Orders.
Commitment To Purchase Units. Subject to and immediately prior to the consummation of the Company's initial public offering (the "IPO"), Purchaser hereby agrees to subscribe for and purchase from the Company, and the Company hereby agrees to issue and sell to Purchaser, 62,500 units (the "Units") at a purchase price of $8.00 per Unit for an aggregate purchase price of $500,000. Each Unit consists of one share of the common stock of the Company, par value $0.01 per share (the "Common Stock"), and one warrant exercisable for one share of Common Stock. Each warrant shall entitle the holder thereof to purchase one share of Common Stock at an exercise price of $6.00, in accordance with the terms of the Warrant as set forth in the Warrant Agreement to be entered into by and between the Company and a warrant agent to be determined by the Company. The Warrant Agreement shall be substantially in the form attached hereto as Exhibit A (the "Warrant Agreement"). The closing of the purchase and sale of the Units hereunder, including payment for and delivery of the Units, shall occur at the offices of the Company immediately prior and subject to consummation of the IPO.