Purchase and Sale of Options Sample Clauses

Purchase and Sale of Options. Trust assets may be invested by purchasing put options not exceeding the number of shares of optioned stock actually held by the Trust, by selling put options and maintaining liquidity to the extent necessary pending the exercise or lapse of the option, and by selling call options, but not in a market opening or market closing transaction, not exceeding the number of shares of optioned stock actually held by the Trust.
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Purchase and Sale of Options. We agree to the following:
Sample 1
Purchase and Sale of Options. On and subject to the terms and conditions of this Agreement, Travelers hereby agrees to sell, transfer, convey and deliver to the Company, and the Company agrees to purchase from Travelers, all of Travelers’ right, title and interest in and to the Options for a purchase price of Ninety-Eight Million Five Hundred Twenty Thousand Dollars (US$98,520,000) in cash (the “Purchase Price”). The closing of the purchase and sale of the Options (the “Closing”) shall take place on October 18, 2010 at the offices of the Company in Bermuda. At the Closing, the Company shall deliver to Travelers the Purchase Price by wire transfer of immediately available funds to the account set forth in Schedule 1 hereto, whereupon the Option Agreements and the Options set forth therein shall be deemed to be transferred to the Company and canceled with no further force and effect. The parties hereto agree that, upon the Closing, the Registration Rights Agreement dated as of November 1, 2002 between the Company and Travelers shall terminate with no further force and effect.
Sample 1
Purchase and Sale of Options. Subject to the terms and conditions of this Agreement, on the Closing Date, Davis shall sell to Buyer, and Buyer shall purchase from Davis, Oxxxxxs to acquire 295,000 shares of Class B Stock. The puxxxxxe price for the Options shall be $25,000.
Sample 1
Purchase and Sale of Options. Subject only to the conditions set forth in Paragraph 6 above, Kevix Xxxxx ("Xyrnx") xnd Robexx Xxxxxxx ("Xolexxx") xereby unconditionally and irrevocably agree to sell to FCFG or its assigns, and FCFG and/or its assigns hereby unconditionally and irrevocably agrees to purchase from Byrnx xxx Colexxx xxxse certain options to acquire FCFG stock previously granted to Byrnx xxx Colexxx (xxe "Options"), or, if the Options shall have been exercised prior to the purchase and sale date, the Stock obtained by Byrnx xxx/or Colexxx xx the exercise of the Options (the "Option Stock"), all pursuant to the terms of this Paragraph 9. Byrnx xxx Colexxx xxxh own Options representing the right to acquire 33,021 shares, respectively. Byrnx xxx Colexxx xxxl sell, and FCFG and/or assigns will acquire, the Options and/or the Option Stock, as the case may be, no later than January 31, 1998. The exact purchase and sale date shall be determined by FCFG, in its sole discretion. The purchase price to be paid in cash at closing shall be $22.00 per share. In the case of Options, the per-share exercise price shall be deducted from the per-share purchase price. In the case of Option Stock, the full purchase price shall be paid at closing. Nothing in this Agreement shall prohibit Byrnx xx Colexxx xxxm assigning for security purposes or encumbering either the Options or the Option Stock, so long as the obligation secured by such encumbrance(s) shall not exceed the net purchase price to be paid by FCFG on the purchase and sale date. Bryne and Colexxx xxxeby unconditionally agree that in the event either or both of them obtain any Option Stock through exercise of an Option, they shall enter into an agreement in form and substance satisfactory to FCFG, agreeing not to vote such Option Shares.
Sample 1
Purchase and Sale of Options. Upon the terms and subject to the conditions contained in this Agreement, as provided for in Section 1.04 hereof, Buyer shall purchase and acquire from the Selling Optionholder, and the Selling Optionholder shall sell, transfer, assign, convey and deliver to Buyer, all of the Options, free and clear of all liens, pledges, security interests, charges, claims or encumbrances of any nature whatsoever at the time such Options become exercisable and transferable by the Optionholder pursuant to the terms of the Award Agreements.
Sample 1
Purchase and Sale of Options 
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Related to Purchase and Sale of 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 Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 20,000 units (the “Initial Units”) at a purchase price of approximately $.004348 per Initial Unit for an aggregate purchase price of $86.84. 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 $7.00 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.”

  • 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 the Units At the Closing, upon the terms and subject to the conditions set forth in this Agreement, the Seller shall sell, assign, transfer, deliver and convey to the Buyer, free and clear of any Liens, and the Buyer shall purchase, accept and acquire from the Seller, the Units.

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale of Common Stock Subject to the terms and conditions set forth herein, the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, up to that number of Shares having an aggregate Purchase Price of Ten Million dollars ($10,000,000).

  • 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 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.

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