Common use of Purchase of Convertible Debentures Clause in Contracts

Purchase of Convertible Debentures. 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, Convertible Debentures 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 “Xxxxxx Xxxxxxxx LLP, as Escrow Agent for Roanoke Technology Corporation /Cornell Capital Partners, LP”, which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement 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).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Roanoke Technology Corp), Securities Purchase Agreement (Roanoke Technology Corp)

AutoNDA by SimpleDocs

Purchase of Convertible Debentures. 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, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer’s '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 “Xxxxxx Xxxxxxxx LLP, as Butler Gonzalez LPas Escrow Agent for Roanoke Technology Corporation /Cornell Capital Partners, LP”, which Subscription Xxxxx xxxxx Xxbscription 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).

Appears in 2 contracts

Samples: Securities Purchase Agreement (Trey Industries Inc), Securities Purchase Agreement (Trey Industries Inc)

Purchase of Convertible Debentures. 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, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer’s '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 "Xxxxxx Xxxxxxxx and Xxxxxx LLP, as Escrow Agent for Roanoke Technology Corporation /Cornell Capital Partners, LP”Colmena Corp. /Investor, 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)within three days of remittance of such Subscription Amount.

Appears in 1 contract

Samples: Securities Purchase Agreement (Networth Technologies, Inc.)

Purchase of Convertible Debentures. 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, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer’s '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 “Xxxxxx Xxxxxxxx "Butler Gonzalez LLP, as Escrow Agent for Roanoke Technology Corporation Agexx xxx XXX Xxxxp Inc. /Cornell Capital Partners, LP", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement 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).

Appears in 1 contract

Samples: Securities Purchase Agreement (Ibx Group Inc)

Purchase of Convertible Debentures. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at the Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at the Closing, the aggregate amount of Convertible Debentures 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 its name on Schedule I in same-day funds or a check payable to “Xxxxxx Xxxxxxxx LLPXxxxx X. Xxxxxxx XX, P.A. as Escrow Agent for Roanoke Technology Corporation /Cornell Carbiz Inc./Trafalgar Capital Partners, LP”, Investment Fund,” which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement and disbursed in accordance therewithescrow. 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 upon the occurrence of an Event of Default (as hereinafter definedsuch term is defined in the Convertible Debentures).

Appears in 1 contract

Samples: Securities Purchase Agreement (Carbiz Inc)

AutoNDA by SimpleDocs

Purchase of Convertible Debentures. 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 (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at each Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer’s '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 “Xxxxxx Xxxxxxxx LLP"David Gonzalez, Esq., as Escrow Agent for Roanoke Technology Corporation /Cornell Capital Partners, LP”Exxxxx Xxxxx xxr EarthShell Corporation", 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).

Appears in 1 contract

Samples: Securities Purchase Agreement (Earthshell Corp)

Purchase of Convertible Debentures. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each the Buyer agrees, severally and not jointly, agrees to purchase at each Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, Buyer at each Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each the Buyer’s 's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the cash portion of the Subscription Amount set forth opposite his its name on Schedule I in same-day funds or a check payable to “Xxxxxx Xxxxxxxx LLP"Davxx Xxxxxxxx, Xsq., as Escrow Agent for Roanoke Technology Corporation /Cornell Pop N Go 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. 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).

Appears in 1 contract

Samples: Securities Purchase Agreement (Pop N Go Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!