Purchase and Sale of Initial Shares Sample Clauses

Purchase and Sale of Initial Shares. At the Initial Closing (as ----------------------------------- defined below), the Company shall sell to each Purchaser, and such Purchaser shall purchase from the Company, the Initial Shares, at a purchase price of $100 per share in the respective amount set forth in Exhibit A. The purchase and --------- sale of all the Initial Shares by the Purchasers is referred to herein as the "Initial Purchase."
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Purchase and Sale of Initial Shares. Subject to the applicable terms and conditions set forth herein, the Company hereby agrees to issue and sell to Purchaser, and Purchaser hereby agrees to purchase from the Company, the Initial Shares, free and clear of all liens, claims, encumbrances and pre-emptive rights, other than any created by Purchaser. In consideration for the Initial Shares, Purchaser hereby agrees to pay to the Company, in cash, a purchase price of $5.75 per share for the Initial Shares, for an aggregate purchase price of $9,440,063 (the "Initial Purchase Price").
Sample 1
Purchase and Sale of Initial Shares. Subject to the terms herein ----------------------------------- set forth, the Company agrees to sell to the Purchasers, and the Purchasers agree that they will purchase from the Company, on the Initial Closing Date, 1,818,182 shares (the "Initial Shares") of Common Stock, for a purchase price of -------------- $2.75 per share, and an aggregate purchase price of $5,000,000.
Sample 1
Purchase and Sale of Initial Shares. On the terms and subject to the conditions set forth herein, the Investor will purchase from the Company, and the Company will issue and sell to the Investor or cause Assured Guaranty US Holdings Inc. (“AGUS”) to sell, a number of Common Shares (the “Initial Shares”) equal to the quotient of $250,000,000 (the “Initial Investment”) divided by the Initial Price (defined below). The “Initial Price” will be 97% of the average of (A) $22.43 and (B) the average of the closing prices of a Common Share on the New York Stock Exchange (“NYSE”) on February 29, 2008 and March 3, 2008. The Initial Price will in no event be less than $21.76. For example, if the closing price of a Common Share on February 29, 2008 were $26.00 and the closing price of a Common Share on March 3, 2008 were $24.00, the Initial Price would be calculated as follows: ($22.43 + (($26+$24)/2))/2 = $23.715 and the Initial Price would be $23.004 (i.e, 97% of $23.715).
Sample 1
Purchase and Sale of Initial Shares. (a) Upon execution of this Agreement, the Investor will purchase, and the Company will sell, the Initial Shares for the aggregate consideration of US$10,000,000 in cash (the “Purchase Price”). The Investor will deliver to the Company by wire transfer of immediately available funds the aggregate amount of the Purchase Price, and the Company will record the purchase of the Initial Shares that the Investor is purchasing pursuant to the terms and conditions of this Agreement on its books and records.
Sample 1
Purchase and Sale of Initial Shares. Subject to the terms and conditions of this Agreement, on the First Closing Date (as defined below), each of the Investors shall severally, and not jointly, purchase, and the Company shall sell and issue to the Investors, the Initial Shares in the respective amounts set forth opposite the Investors’ names on the signature pages attached hereto in exchange for the Initial Purchase Price as specified in Section 3 below.
Sample 1
Purchase and Sale of Initial Shares. Subject to the terms and conditions of this Agreement and on the basis of the representations and warranties set forth herein, SangStat shall issue and sell to Xxxxxx and Xxxxxx shall purchase from SangStat, at the Initial Share Closing provided for in SECTION 1.3, shares of SangStat's Common Stock (the "Initial Shares") having an aggregate value of Seven Million Dollars ($7,000,000).
Sample 1
AutoNDA by SimpleDocs
Purchase and Sale of Initial Shares. Subject to the terms and conditions of this Agreement, at the Closing (as defined in Section 6.1), each Seller shall sell, transfer, assign and deliver to Purchaser, and Purchaser shall purchase from each Seller, the number of Initial Shares set forth opposite each Seller's name on Schedule 1.1 hereto, such that upon consummation of such purchase and sale, Purchaser shall have acquired from Sellers, in the aggregate, all of the Initial Shares.
Sample 1
Purchase and Sale of Initial Shares 
Sample 1Sample 2

Related to Purchase and Sale of Initial Shares

  • Purchase and Sale of Shares and Warrants Subject to the satisfaction (or waiver) of the conditions to Closing set forth in this Agreement and the Escrow Agreement, each Subscriber shall purchase the Shares and Warrants for the portion of the Purchase Price indicated on the signature page hereto, and the Company shall sell such Shares and Warrants to the Subscriber. The Purchase Price for the Shares and Warrants shall be paid in cash. The entire Purchase Price shall be allocated to the Shares.

  • Purchase and Sale of Common Shares (a) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in Schedule B to this Agreement, the Purchaser hereby agrees to purchase from the Company and the Company hereby agrees to sell to the Purchaser, on the Closing Date, 104,500,000 Common Shares (the “Purchased Shares”) at a price of $48.60 per Purchased Share for an aggregate purchase price of $5,078,700,000 (the “Share Purchase Price”).

  • PURCHASE AND SALE OF INVESTMENTS OF THE FUND OTHER THAN OPTIONS, FUTURES CONTRACTS AND FUTURES CONTRACT OPTIONS

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Purchase and Sale of Common Shares and Warrants (a)Purchase of Common Shares and Warrants. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, shall purchase from the Company on the Closing Date (as defined below), the number of Common Shares as is set forth opposite such Buyer's name in column (4) on the Schedule of Buyers, along with the Warrants to acquire up to that number of Warrant Shares as is set forth opposite such Buyer's name in column (5) on the Schedule of Buyers (the “Closing”).

  • Purchase and Sale of Common Stock and Warrants (a) Upon the following terms and conditions, the Company shall issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, an aggregate of approximately 3,333,334 shares of Common Stock (the "Shares") at a price per share of $0.90 (the "Per Share Purchase Price") for an aggregate purchase price of $3,000,000 (the "Purchase Price"). The Company and the Purchasers are executing and delivering this Agreement in accordance with and in reliance upon the exemption from securities registration afforded by Section 4(2) of the U.S. Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder (the "Securities Act"), including Regulation D ("Regulation D"), and Regulation S promulgated thereunder. and/or upon such other exemption from the registration requirements of the Securities Act as may be available with respect to any or all of the investments to be made hereunder.

  • Purchase and Sale of Shares Closing Subject to the terms and conditions of this Agreement, the Company agrees to sell to Purchaser at the Closing, and Purchaser agrees to purchase from the Company at the Closing, 10,000,000 shares of Common Stock (the “Shares”), at a price per share of $6.00 (the “Purchase Price”). Subject to the satisfaction or waiver of the covenants and conditions set forth in Sections 2.3 and 2.4, the Closing shall occur on the date hereof at the offices of Xxxxxxxx & Xxxxxxxx or such other location as the parties shall mutually agree.

  • Purchase and Sale of the Warrants (i) As payment in full for the 4,000,000 Warrants being purchased under this Agreement, the Purchaser shall pay $6,000,000 (the “Purchase Price”), by wire transfer of immediately available funds in accordance with the Company’s wiring instructions, at least one (1) business day prior to the effective date of the Registration Statement, or on such other date as the Company and the Purchaser may agree.

  • Purchase and Sale of the Purchased Shares On and subject to the terms and conditions set forth in this agreement, at Closing Seller shall sell to Purchaser, and Purchaser shall purchase from Seller, the Purchased Shares, free and clear of all Liens.

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 25,000 units (the “Initial Units”) at a purchase price of approximately $.003478 per Initial Unit for an aggregate purchase price of $86.95. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $6.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

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