Common use of Original Issue Discount; Transaction Expense Amount Clause in Contracts

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $50,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 to Investor to cover Investor’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 Expense Amount”), all of which amount is included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $1,000,000.00, computed as follows: $1,070,000.00 initial principal balance, less the OID, less the Transaction Expense Amount. The portions of the OID and the Transaction Expense Amount allocated to the Initial Cash Purchase Price are set forth on Exhibit B

Appears in 1 contract

Samples: Securities Purchase Agreement (Future FinTech Group Inc.)

AutoNDA by SimpleDocs

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $50,000.00 2,200,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 10,000.00 to Investor to cover Investor’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 Expense Amount”), all of which amount is included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $1,000,000.0011,000,000.00, computed as follows: $1,070,000.00 13,210,000.00 initial principal balance, less the OID, less the Transaction Expense Amount. The portions of the OID and the Transaction Expense Amount allocated to the Initial Cash Purchase Price are as set forth on Exhibit BC.

Appears in 1 contract

Samples: Securities Purchase Agreement (MGT Capital Investments, Inc.)

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $50,000.00 160,000.00 (the “OID”). In addition, Company agrees to pay $20,000.00 15,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities Note (the “Transaction Expense Amount”), all of which amount is . The OID and Transaction Expense Amount will be included in the initial principal balance of the Note. The “Note Purchase Price”, therefore, shall be $1,000,000.002,000,000.00, computed as follows: $1,070,000.00 2,175,000.00 initial principal balance, less the OID, less the Transaction Expense Amount. The portions of the OID and the Transaction Expense Amount allocated In addition to the Initial Cash Note Purchase Price are set forth on Exhibit BPrice, Investor will also pay $82.50 to Company for the Pre-Delivery Shares (the “Pre-Delivery Purchase Price”, and together with the Note Purchase Price, the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement (Xiao-I Corp)

AutoNDA by SimpleDocs

Original Issue Discount; Transaction Expense Amount. The Note carries an original issue discount of $50,000.00 1,000,000.00 (the “OID”). In addition, Company Borrower agrees to pay $20,000.00 15,000.00 to Investor to cover Investor’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of the Securities Note (the “Transaction Expense Amount”), all of which amount is included in the initial principal balance of the Note. The “Purchase Price”, therefore, shall be $1,000,000.005,000,000.00, computed as follows: $1,070,000.00 6,015,000.00 initial principal balance, less the OID, less the Transaction Expense Amount. The portions of the OID and the Transaction Expense Amount allocated to the Initial Cash Purchase Price are as set forth on Exhibit BB.

Appears in 1 contract

Samples: Security Agreement (Nemaura Medical Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!