Purchase and Sale of the Warrants. (a) As payment in full for the 70,000 Warrants being purchased under this Agreement, each Purchaser shall pay $70,000 (the “Purchase Price”), by wire transfer of immediately available funds, to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by X.X. Xxxxxx Xxxxx Bank, N.A. with American Stock Transfer & Trust Company, LLC acting as trustee, at least one (1) business day prior to the Initial Closing Date (as defined below) or on such earlier time and date as may be mutually agreed by the Purchase and the Company.
(b) In the event that the over-allotment option is exercised in full or in part, each Purchaser shall purchase up to an additional 7,500 Warrants (the “Additional Warrants”), in the same proportion as the amount of the over-allotment option that is exercised, and simultaneously with such purchase of Additional Warrants, as payment in full for the Additional Warrants being purchased hereunder, and at least one (1) business day prior to the Over-allotment Closing Date (as defined below), Purchaser shall pay $1.00 per Additional Warrant, up to an aggregate amount of approximately $7,500, by wire transfer of immediately available funds, to the Trust Account.
(c) The closing of the purchase and sale of the Warrants shall take place simultaneously with the closing of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (the “Initial Closing Date”). The closing of the purchase and sale of the Additional Warrants, if applicable, shall take place simultaneously with the closing of all or any portion of the over-allotment option or on such earlier time and date as may be mutually agreed by the Purchaser and the Company (such closing date, the “Over-allotment Closing Date” and together with the Initial Closing Date, the “Closing Dates” and each, a “Closing Date”). The closing of the purchase and sale of each of the Warrants and the Additional Warrants shall take place at the offices of Xxxxxx & Xxxxxxx LLP, 000 Xxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx, 00000, or such other place as may be agreed upon by the parties hereto.
Purchase and Sale of the Warrants. (i) On the date of the consummation of the Public Offering or on such earlier date as may be mutually agreed upon by the Purchaser and the Company (the “Initial Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, [●] Warrants at a price of $1.00 per Warrant for an aggregate purchase price of $[●] (the “Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company at least one business day prior to the Initial Closing Date in accordance with the Company’s wiring instructions. On the Initial Closing Date, following the payment by the Purchaser of the Purchase Price by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a certificate evidencing the Warrants purchased on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form.
Purchase and Sale of the Warrants. For no additional consideration, Holdings agrees to issue to the Purchaser on the Second Amendment Effective Date, the Warrant.
Purchase and Sale of the Warrants. 2.1 Purchase and Sale of the Warrants. SII hereby sells, assigns and delivers to ShoLodge the Warrants, and ShoLodge hereby purchases the Warrants from SII. Simultaneously with the execution of this Agreement, SII has delivered, or caused to be delivered, to ShoLodge a Lost Warrant Certificate Affidavit, which includes a transfer of rights of SII to the Warrant Certificate.
Purchase and Sale of the Warrants. Subject to the terms of this Agreement, Seller agrees to and does hereby issue, sell and deliver the Warrants to Purchaser at the Closing (as defined herein), and Purchaser agrees to and does hereby purchase and accept the Warrants from Seller.
Purchase and Sale of the Warrants. The Effective Date Transaction. Simultaneously with the execution and delivery of this Agreement: (a) CCA is issuing to IHS the Series A Warrant, in the form attached hereto as Exhibit 1 (the "A-Warrant"); (b) CCA is issuing to IHS the Series B Warrant, in the form attached hereto as Exhibit 2 (the "B-Warrant"); and (c) the Revolving Credit Agreement is deemed to have been amended by CCA and IHS to provide an aggregate Line of Credit of Five Million Dollars ($5,000,000) in consideration for the issuance and sale of the Warrants.
Purchase and Sale of the Warrants. The Company agrees to issue to the Purchasers at the Closing a Warrant for the number of shares of the Company's Common Stock (the "Warrant Shares") as set forth opposite such Purchaser's name on Exhibit 3.02 attached hereto.
Purchase and Sale of the Warrants. The Company shall sell to the Purchasers, and subject to the terms and conditions set forth herein, the Purchasers shall purchase from the Company, prior to the effectiveness of the Registration Statement, an aggregate of 2,000,000 Warrants. The purchase price of each Warrant shall be $1.00 per warrant (the “Purchase Price”), which shall be paid in immediately available funds through wire transfers to the trust account (the “Trust Account”) to be established pursuant to that certain Investment Management Trust Agreement by and between the Company and LaSalle Bank National Association (the “Escrow Agent”). The Purchase Price shall be wired to the Trust Account by the Purchasers so as to be on deposit in the Trust Account not less than 24 hours prior to the effectiveness of the Registration Statement.
Purchase and Sale of the Warrants. As payment in full for the 6,133,333 Warrants (the “Initial Warrants”) being purchased under this Agreement, the Purchaser shall pay $9,200,000 (the “Purchase Price”), by wire transfer of immediately available funds in accordance with the Company’s wiring instructions, on the business day immediately preceding 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 Warrants. 4 SECTION 2.1. Purchase and Sale.....................................4 SECTION 2.2. Closing...............................................4 SECTION 2.3. Delivery..............................................5
