Purchase and Sale of Debentures. (i) The Buyer agrees to purchase from the Company, and the Company agrees to sell to the Buyer, the Debentures on the terms and conditions set forth below in this Agreement and the other Transaction Documents.
(ii) Subject to the terms and conditions of this Agreement and the other Transaction Documents, the Buyer will purchase the Debentures at certain closings (each, a “Closing”) to be held on certain respective Closing Dates.
Purchase and Sale of Debentures. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, Buyer agrees to purchase, at each Closing, and Company agrees to sell and issue to Buyer, at each Closing, Debentures in the amount of the Purchase Price applicable to each Closing as more specifically set forth below.
Purchase and Sale of Debentures. The Issuer may, at any time and from time to time, prior to the Redemption Date, purchase debentures in part (on a pro-rata basis or otherwise) or full at discount, at par or at premium in the open market or otherwise as may be determined by the Board of Directors of the Issuer. Such debentures, at the option of the Issuer, may be cancelled, held or resold at such price and on such terms and conditions as the Board of Directors of the Issuer may deem fit. Such purchase/ sale of Debentures shall not require any further consent/ approval of the Debenture Holder(s)/ Debenture Trustee. The right to purchase debentures is not a call option and should not be construed as such by anyone. The right of purchase and sale can be exercised by the Issuer multiple times during the tenor of the Debentures without applicability of any minimum amount or price of the Debentures.
Purchase and Sale of Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to each Purchaser, and each Purchaser severally agrees to purchase from the Company, on the Closing Date (as hereinafter defined), Convertible Notes in the principal amount set opposite its name on Schedule I for a purchase price of 100% of the principal amount thereof (the "Purchase Price"). Each Purchaser shall deliver a check in payment of the Purchase Price to the Escrow Agent.
(b) In connection with the Purchasers agreement to purchase the Convertible Notes, the Company shall issue and deliver to the Purchasers Warrants to purchase the number of shares of Common Stock set forth opposite its name on Schedule I. No part of the purchase price of the Convertible Notes shall be allocated to the Warrants.
(c) The closing for the purchase and sale of the Convertible Notes shall be held on such date (the "Closing Date"), not later than August 30, 1999, that the Escrow Agent receives the Purchase Price (in cleared funds) from the Purchasers and the Convertible Notes and Warrants registered in the names of the Purchasers in the principal amounts and numbers, respectively, set forth on Schedule I, duly executed by the Company.
Purchase and Sale of Debentures. 2.1 At the Closing, the Purchaser will advance to the Subsidiary $1,500,000 for a $1,500,000 principal amount of Debentures (the “Purchaser’s Debentures”) and the Subsidiary and the Company will issue and deliver to the Purchaser the Purchaser’s Debentures, on the terms and subject to the conditions set out in this Agreement.
Purchase and Sale of Debentures. Subject to the terms and conditions herein set forth, the Bank hereby agrees to sell to you and you agree to purchase from the Bank the aggregate principal amount of Debentures set forth opposite your name in the Purchaser Schedule attached hereto at 100% of such aggregate principal amount. Each purchaser identified in the Purchaser Schedule is referred to herein as a “Purchaser”. Payment of the purchase price for and delivery of the Debentures to be purchased by the Purchasers shall be made at the offices of Friedman, Billings, Xxxxxx & Co., Inc., Arlington, Virginia or at the option of the Bank through the systems of the Depository Trust Company or any successor entity (the “Depository”), with delivery of the Debentures to the Depository for the respective accounts of the Purchasers to be made against payment for the Debentures in same day funds, or in such other manner as shall be agreed upon by the Purchasers and the Bank, at 10:00 A.M. on , 1997 (such time and date being referred to herein, respectively, as the “Closing Time” and the “Closing Date”).
Purchase and Sale of 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, Debentures up to the aggregate Commitment Amount.
(b) Purchaser shall acquire Debentures on the Closing Date equal in value to Two Hundred and Fifty Thousand Dollars ($250,000.00).
Purchase and Sale of Debentures. 1 1.1 Issue of Debentures.
Purchase and Sale of Debentures. 1 1.2. CLOSING..............................................................1 1.3.
Purchase and Sale of Debentures. 1.1 Purchase and Sale of Subordinated Debentures. From time to time -------------------------------------------- hereafter, at one or more Closings (as herein defined), the Company will sell to you (the "Purchasers"), and the Purchaser shall purchase from the Company, up to an aggregate principal amount of $15,000,000 of 12% Subordinated Debentures of the Company (the "Debentures"). The Debentures shall be in the form of Exhibit A --------- attached hereto. Each Purchaser commits to purchase Debentures in the aggregate principal amount set forth on Schedule 1.1 hereto. ------------
