Common use of Initial Cash Purchase Price Clause in Contracts

Initial Cash Purchase Price. The Notescarry an original issue discounttotaling, on an aggregate basis, $245,000.00 (the “OID”). In addition, the Company agrees to pay $15,000.00 to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities (the “Transaction Expenses”), which amount is included in the initial principal balance of Company Note #1. The Initial Cash Purchase Price, therefore, shall be $300,000.00, computed as follows: $2,710,000.00less the OID lessthe Transaction Expenses less the sum of initial principal amounts of the Buyer Notes less the Conditional Cash Purchase Price.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (A5 Laboratories Inc.)

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Initial Cash Purchase Price. The Notescarry Note carries an original issue discounttotaling, on an aggregate basis, discount of $245,000.00 241,000.00 (the “OID”). In addition, the Company agrees to pay $15,000.00 ($5,000.00 of which has been previously paid to the Buyer) to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities (the “Transaction Expenses”)Securities, $10,000.00 of which amount is included in the initial principal balance of Company the Note #1(the “Transaction Expenses”). The Initial Cash Purchase Price, therefore, shall be $300,000.00400,000.00, computed as follows: $2,710,000.00less 2,651,000.00 less the OID lessthe less the Transaction Expenses less the sum of initial principal amounts of the Buyer Notes less the Conditional Cash Purchase PriceTrust Deed Notes.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (MusclePharm Corp)

Initial Cash Purchase Price. The Notescarry Note carries an original issue discounttotaling, on an aggregate basis, discount of $245,000.00 80,000.00 (the “OID”). In addition, the Company agrees to pay $15,000.00 10,000.00 to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities (the “Transaction Expenses”), which amount is included in . The Transaction Expenses shall be added to the initial principal balance of Company Note #1the Note. The Initial Cash Purchase Price, therefore, shall be $300,000.00400,000.00, computed as follows: $2,710,000.00less 890,000.00 less the OID lessthe less the Transaction Expenses less the sum of initial principal amounts of the Buyer Notes less the Conditional Cash Purchase PriceTrust Deed Notes.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (Aethlon Medical Inc)

Initial Cash Purchase Price. The Notescarry Notes carry an original issue discounttotalingdiscount totaling, on an aggregate basis, $245,000.00 131,500.00 (the “OID”). In addition, the Company agrees to pay $15,000.00 to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities (the “Transaction Expenses”), which amount is included in . The Transaction Expenses shall be added to the initial principal balance of Company Note #1. The Initial Cash Purchase Price, therefore, shall be $300,000.00100,000.00, computed as follows: $2,710,000.00less 1,446,500.00 less the OID lessthe less the Transaction Expenses less the sum of initial principal amounts of the Buyer Notes less the Conditional Cash Purchase PriceTrust Deed Notes.

Appears in 1 contract

Samples: Note and Warrant Purchase Agreement (World Series of Golf, Inc.)

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Initial Cash Purchase Price. The Notescarry Note carries an original issue discounttotaling, on an aggregate basis, discount of $245,000.00 200,000.00 (the “OID”). In addition, the Company agrees to pay $15,000.00 ($5,000.00 of which has been previously paid to the Buyer) to the Buyer to cover the Buyer’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities (the “Transaction Expenses”)Securities, $10,000.00 of which amount is included in the initial principal balance of Company the Note #1(the “Transaction Expenses”). The Initial Cash Purchase Price, therefore, shall be $300,000.00500,000.00, computed as follows: $2,710,000.00less 2,210,000.00 less the OID lessthe OID, less the $10,000 in unpaid Transaction Expenses Expenses, less the sum of initial principal amounts of the Buyer Trust Deed Notes less and the Conditional Cash Purchase PriceBuyer Notes.

Appears in 1 contract

Samples: Securities Purchase Agreement (Uluru Inc.)

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