Purchase of Convertible Debenture. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, the Buyer agrees to purchase at the Closing and the Company agrees to sell and issue to the Buyer at the Closing, the Convertible Debenture in exchange for the Purchase Price.
Purchase of Convertible Debenture. Subject to the terms and conditions of this Agreement, the Company agrees to sell to the Investor, and the Investor agrees to purchase from the Company, an 8% convertible subordinated debenture in the principal amount of Two Million Dollars ($2,000,000.00) (the "Convertible Debenture") in substantially the form attached hereto as Exhibit A.
Purchase of Convertible Debenture. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closing, a Convertible Debenture in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to Kirkpatrick & Lockhart Nicholson Graham LLP, as Escrow Agent for Xxxxxxx Intxxxxxxxxal Xxxxxxx / Xxxxx and Heather Grimes - Joint Tenants with Rights of Survivorshxx, xhich Xxxxxxxxxxxx Xmount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined).
Purchase of Convertible Debenture. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to the Buyer, and the Buyer agrees to purchase from the Company at the Closing, a Convertible Debenture with principal amount corresponding to the Subscription Amount set forth opposite the Buyer’s name on Schedule I attached hereto.
Purchase of Convertible Debenture. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to the Buyer, and the Buyer agrees to purchase from the Company, the Convertible Debenture.
Purchase of Convertible Debenture. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at each Closing and the Company agrees to sell and issue to each Buyer, severally and not jointly, at each Closing, Convertible Debenture in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "David Gonzalez, Esq., as Escrow Agent for Global Concepts, Ltd./Xxxxxxx Xxxxtal Partners, LP", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined).
Purchase of Convertible Debenture. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, the Buyer agrees to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to the Buyer at Closing, a Convertible Debenture in the amount of the Purchase Price. Upon execution hereof by the Buyer, the Buyer shall wire transfer the Purchase Price same-day funds or a check payable to “Xxxxx Xxxxxxxx, Esq., as Escrow Agent for MobilePro Corp./Cornell Capital Partners, LP”, which Purchase Price shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Purchase Price and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined).
Purchase of Convertible Debenture. The Subscriber shall have purchased and paid for the Convertible Debenture.
Purchase of Convertible Debenture. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, the Buyer agrees to purchase at Closing (as defined herein below), and the Company agrees to sell and issue to the Buyer at Closing, a Convertible Debenture in amount corresponding with the Subscription Amount set forth opposite the Buyer's name on Schedule I hereto. Upon execution hereof by the Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "Xxxxx Xxxxxxxx, Esq., as Escrow Agent for SmarTire Systems, Inc./Cornell Capital Partners, LP", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith.
Purchase of Convertible Debenture
