Common use of Purchase and Sale of the Note Clause in Contracts

Purchase and Sale of the Note. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties set forth in this Agreement, you agree to purchase from the Company, and the Company agrees to issue and sell to you, a Note, in the aggregate principal amount of not less than $100,000, you have designated on the signature page of this Agreement, upon delivery by you, at or prior to the Closing Date, of the purchase price specified in Section 3. The Company will initially issue to you one Note registered in your name and payable to you in the aggregate principal amount of the Note being purchased by you.

Appears in 10 contracts

Samples: Subordinated Note Purchase Agreement (Community Shores Bank Corp), Subordinated Note Purchase Agreement (Community Shores Bank Corp), Subordinated Note Purchase Agreement (Community Shores Bank Corp)

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Purchase and Sale of the Note. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties set forth in this Agreement, you agree to purchase from the Company, and the Company agrees to issue and sell to you, a Note, in the aggregate principal amount of not less than $100,000, you have designated on the signature page of this Agreement, upon delivery by you, at or prior to the Closing Date, of the purchase price specified in Section 3. The Company will initially issue to you one Note registered in your name and payable to you in the aggregate principal amount of the Note being purchased by you.

Appears in 9 contracts

Samples: Subordinated Note Purchase Agreement (Community Shores Bank Corp), Subordinated Note Purchase Agreement (Community Shores Bank Corp), Subordinated Note Purchase Agreement (Community Shores Bank Corp)

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Purchase and Sale of the Note. Subject to the terms and conditions of this Agreement, and in reliance upon the representations and warranties set forth in this Agreement, you agree to purchase from the Company, and the Company agrees to issue and sell to you, a you the Note, in the aggregate principal amount of not less than $100,000, you have designated on the signature page of this Agreement1,280,000, upon delivery by you, at or prior to the Closing Date, of the purchase price specified in Section 3. The Company will initially issue to you one Note registered in your name and payable to you in the aggregate principal amount of the Note being purchased by you.

Appears in 1 contract

Samples: Convertible Secured Note Purchase Agreement (Community Shores Bank Corp)

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