Common use of Purchase and Sale of the Shares and the Warrant Clause in Contracts

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the Purchaser, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares, including all accrued and unpaid dividends on the Shares through and including the Closing Date, and the Warrant shall be an amount in cash equal to Eight Million Dollars ($8,000,000) ( the “Purchase Price”).

Appears in 2 contracts

Samples: Securities Purchase Agreement (1st Financial Services CORP), Merger Agreement

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Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the Purchaser, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares, including all accrued and unpaid dividends on the Shares through and including the Closing Date, and the Warrant shall be an amount in cash equal to Eight Forty-One Million Four Hundred Thousand Dollars ($8,000,00041,400,000) ( (the “Purchase Price”).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Premierwest Bancorp), Securities Purchase Agreement

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the PurchaserCompany, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares, including any and all accrued and unpaid dividends on the Shares through and including the Closing Datedividends, and the Warrant shall be an amount in cash equal to Eight Three Million Two Hundred Ninety Four Thousand Seven Hundred Fifty Dollars ($8,000,0003,294,750.00) ( (the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement (Bank of the Carolinas CORP)

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the PurchaserCompany, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares, including all accrued and unpaid dividends on the Shares through and including the Closing Date, and the Warrant shall be an amount in cash equal to Eight Eighty-One Million Dollars ($8,000,00081,000,000) ( (the "Purchase Price").

Appears in 1 contract

Samples: Securities Purchase Agreement (Independent Bank Corp /Mi/)

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Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the PurchaserCompany, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares, including any and all accrued and unpaid dividends on the Shares through and including the Closing Datedividends, and the Warrant shall be an amount in cash equal to One Hundred Twenty-Eight Million Thousand Nine Hundred Fifty Dollars ($8,000,000128,950.00) ( (the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement (HCSB Financial Corp)

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the Purchaser, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares, including all accrued and unpaid dividends on the Shares through and including the Closing Date, and the Warrant shall be an amount in cash equal to Eight Million Dollars $16,250,000.00 ($8,000,000) ( the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement

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