Initial Sale and Purchase Clause Samples
Initial Sale and Purchase. Counterparty agrees to purchase, and upon receipt of Counterparty’s payment of the aggregate Initial Purchase Amount (as defined below), the Company agrees to sell, that number of SUI Tokens equal to (a) [REDACTED] (the “Initial Purchase Amount”), divided by (b) the Initial Exchange Rate (as defined in the Initial Confirmation to Digital Asset Purchase and Sale Agreement Attached hereto as Exhibit A (the “Initial Confirmation”)) (such number of SUI Tokens purchased pursuant to this Section 1.2, the “Initial Purchased Digital Assets”). The Company shall utilize [REDACTED] to purchase SUI Tokens on the open market (the “Initial Open Market Purchase”).
Initial Sale and Purchase. Subject to the terms and conditions of this Agreement, at the Initial Closing, the Company hereby agrees to issue and sell to each Initial Purchaser, and each Initial Purchaser hereby agrees, severally and not jointly, to purchase from the Company, the principal amount of Debentures set forth opposite its name on Schedule 2.1. Each Purchaser agrees to pay the Company in immediately available funds its Commitment Amount at Closing.
Initial Sale and Purchase. Subject to the terms and conditions and in reliance upon the representations, warranties and agreements set forth herein, at the Initial Closing, the Company shall sell to each Purchaser, and each Purchaser shall purchase from the Company, (i) the amount of Initial Notes and (ii) the number of Initial Warrants set forth opposite such Purchaser's name on Exhibit A hereto.
Initial Sale and Purchase. Subject to the terms, provisions and conditions set forth herein, each Seller sold on the date hereof, and Purchaser purchased and received from each Seller on the date hereof, the number of Shares set forth to the right of such Seller's name on Exhibit A hereto, in consideration of a per-share purchase price of US$0.0001, free and clear of any and all Encumbrances. Each Seller hereby acknowledges receipt of the purchase price to which he, she or it is entitled, and Purchaser hereby acknowledges receipt of stock certificates representing the numbers of Shares being sold and bought, properly endorsed or accompanied by duly executed stock powers in good form and signature authenticated sufficiently so that the Company's transfer agent will register the transfer thereof.
Initial Sale and Purchase. Subject to the terms and conditions of this Agreement, Valor will issue and sell to you, and you will purchase from Valor, at the Closing provided for in Section 3, the Note.
Initial Sale and Purchase. Subject to the terms and conditions hereof, Martek hereby agrees to sell, and the Purchasers, severally and not jointly, hereby agree to purchase, on the applicable Initial Purchase Closing Date (as defined below) shares of Common Stock (together with related share purchase rights pursuant to the Rights Agreement (the "Rights Agreement") between Martek and Registrar and Transfer Company, dated January 24, 1996, the "Common Shares") and stock purchase warrants (the "Initial Purchase Warrants," and together with the Common Shares, the "Initial Purchase Units") (all such purchases to be referred to collectively as the "Initial Purchase") at a price per Initial Purchase Unit (the "Initial Purchase Unit Price") equal to the average of the closing bid price of the Common Stock on the Nasdaq Stock Market or the principal securities exchange or quotation system on which the Common Stock is traded for the thirty (30) trading days ending on the trading day immediately preceding the applicable Initial Purchase Closing Date (as defined below). Each Initial Purchase Unit shall consist of one share of Common Stock and a warrant to purchase three tenths (3/10) of a share of Common Stock. The Initial Purchase Warrants shall have an exercise price per one whole share equal to one hundred and twenty percent (120%) of the applicable Initial Purchase