Common use of Purchase and Sale of Convertible Debentures Clause in Contracts

Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures up to the aggregate Commitment Amount. (b) Purchaser shall acquire Convertible Debentures on the Closing Date in an aggregate principal amount of Five Hundred Twenty Five Thousand Dollars ($525,000.00). (c) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date Warrants to purchase an aggregate of 250,000 shares of Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Emissions Testing Inc)

AutoNDA by SimpleDocs

Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, the Convertible Debentures up to the aggregate Commitment AmountDebenture. (b) Purchaser shall acquire the Convertible Debentures Debenture on the Closing Date in an aggregate principal amount of One Million Five Hundred Twenty Five and Eighty Thousand Dollars ($525,000.001,580,000.00). (c) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date Warrants to purchase an aggregate of 250,000 150,000 shares of Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Metropolitan Health Networks Inc)

Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures up to the aggregate Commitment Amount. (ba) Purchaser shall acquire Convertible Debentures on the Closing Date in an aggregate principal amount of One Million Five Hundred Twenty Five Thousand Dollars ($525,000.001,500,000.00). . (b) (c) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date Warrants to purchase an aggregate of 250,000 100,000 shares of Common Stock.. (d)

Appears in 1 contract

Samples: Securities Purchase Agreement (Eagle Wireless International Inc)

AutoNDA by SimpleDocs

Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures up to the aggregate Commitment Amount. (ba) Purchaser shall acquire Convertible Debentures on the Closing Date in an aggregate principal amount of One Million Five Hundred Twenty Five Thousand Dollars ($525,000.001,500,000.00). . (b) (c) In connection with the Purchaser's agreement to purchase the Convertible Debentures specified in this Article II, the Company shall issue and deliver to the Purchaser on the Closing Date Warrants to purchase an aggregate of 250,000 100,000 shares of Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Eagle Wireless International Inc)

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