PURCHASE AND SALE OF MILESTONE SHARES Sample Clauses

PURCHASE AND SALE OF MILESTONE SHARES. Subject to the terms and conditions hereof, upon SIGNAL's achievement of the milestone set forth in Section 5.4.2 of the Collaboration Agreement (the "Milestone Closing Event"), DPM shall purchase from SIGNAL, and SIGNAL shall issue and sell to DPM, shares of SIGNAL's Preferred Stock (unless an IPO, as described below, has been completed, in which case such stock shall be Common Stock) having an aggregate value of [***] (the "Milestone Shares") at a purchase price (the "Milestone Share Price") which is equal to [***]; provided, however, that if such Milestone Closing Event occurs more than six (6) months following an equity purchase as described in (i) and (ii), then DPM will purchase the Milestone Shares at a
Sample 1Sample 2
AutoNDA by SimpleDocs
PURCHASE AND SALE OF MILESTONE SHARES. (a) MILESTONE SHARES. Fifteen days after the date on which the Purchaser gives notice to the Company of its decision to commence a Phase III clinical study of a PRODUCT [ * ], or otherwise becomes obligated to purchase equity in the Company in connection with such milestone, as defined and provided for in the BML Collaboration Agreement, or, if such date is not a Business Day, on the next Business Day (the "Milestone Date"), the Company shall become obligated to issue and sell to the Purchaser and the Purchaser shall become obligated to purchase from the Company, in each case subject to and in reliance upon the representations, warranties, terms and conditions of this Agreement, at an aggregate purchase price of [ * ] such number of shares (rounded to the nearest whole share) of Common Stock (the "Milestone Shares") equal to [ * ] divided by the Current Per Share Market Price on the date which is two Business Days prior to the Milestone Date at a closing (the "Milestone Closing").
Sample 1
PURCHASE AND SALE OF MILESTONE SHARES. Pursuant to the terms ------------------------------------- and conditions of this Agreement, the Seller hereby sells to Template Acquisitions I two shares in the nominal amounts of DM 25,000 and DM 27,500 (the "Purchased Shares"). Such Purchased Shares are sold with all rights and ---------------- obligations pertaining thereto (including all dividend rights) with economic effect as of July 1, 1997, 0.00 hours.
Sample 1
PURCHASE AND SALE OF MILESTONE SHARES. Pursuant to the terms ------------------------------------- and conditions of this Agreement, the Seller hereby sells to Template Acquisitions I all of the following Milestone Shares held by Seller: (a) a share in the nominal amount of DM 25,000; and (b) from the share in the nominal amount of DM 27,500, a portion in the nominal amount of DM 27,000 (together (a) and (b) above shall be referred to herein as the "Purchased Shares"). Such ---------------- Purchased Shares are sold with all rights and obligations pertaining thereto (including all dividend rights) with economic effect as of July 1, 1997, 0.00 hours.
Sample 1
PURCHASE AND SALE OF MILESTONE SHARES 
Sample 1

Related to PURCHASE AND SALE OF MILESTONE SHARES

  • 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 Purchased Shares At the Closing and on the terms and subject to the conditions set forth in this Agreement, Sellers shall sell and deliver to Purchaser, and Purchaser shall purchase from Sellers and pay therefor, the Purchased Shares, free and clear of any and all Encumbrances and in suitable form for transfer to Purchaser.

  • Purchase and Sale of the Units Upon the terms and subject to the conditions of this Agreement, at the Closing, the Sellers shall severally sell, assign, transfer, convey and deliver, or cause to be sold, assigned, transferred, conveyed and delivered, to the Purchaser, all of the Units, and the Purchaser shall purchase the Units, free and clear of any Encumbrances.

  • Purchase and Sale of Company Shares Sale of Company Shares

  • 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 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 the Shares Upon the terms and subject to the conditions of this Agreement, at the Closing, the Seller shall sell to the Purchaser, and the Purchaser shall purchase from the Seller, the Shares.

  • Purchase and Sale of the Shares and Warrants Subject to the terms and conditions of this Agreement, on the Closing Date, each of the Investors shall severally, and not jointly, purchase, and the Company shall sell and issue to the Investors, the Shares and Warrants in the respective amounts set forth opposite the Investors’ names on the signature pages attached hereto in exchange for the Purchase Price as specified in Section 3 below.

  • 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”).

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