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 the Closings and the Company agrees to sell and issue to each Buyer, severally and not jointly, at the Closings, the aggregate amount of Convertible Debentures 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 its name on Schedule I in same-day funds or a check payable to “Xxxxx X. Xxxxxxx XX, P.A. as Escrow Agent for Carbiz Inc./Trafalgar Capital Investment Fund,” 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) upon the occurrence of an Event of Default under the terms of the Convertible Debentures.

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 Closings (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at the Closings, the aggregate amount of 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 its his name on Schedule I in same-day funds or a check payable to “Xxxxx X. Xxxxxxx XXButler Gonzalez LLP, P.A. as Escrow Agent for Carbiz Inc./Trafalgar Agxxx xxx Xxxxxxx USA Corporation / Cornell Capital Investment Fund,” 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) upon the occurrence of an Event of Default under the terms of the Convertible Debentures).

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 Closings Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at the ClosingsClosing, 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 its his name on Schedule I in same-day funds or a check payable to “Xxxxx X. Xxxxxxx XXDxxxx Xxxxxxxx, P.A. Esq., as Escrow Agent for Carbiz Inc./Trafalgar Falcon Natural Gas Corp./Cornell Capital Investment Fund,” 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) upon the occurrence of an Event of Default under the terms of the Convertible Debentures). The parties acknowledge that these Subscription Amounts have already been funded.

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 Closings and the Company agrees to sell and issue to each Buyer, severally and not jointly, at the Closings, up to the aggregate amount of Convertible Debentures 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 its name on Schedule I for the First Closing in same-day funds or a check payable to “"Xxxxx X. Xxxxxxx XX, P.A. as Escrow Agent for Carbiz ThinkPath Inc./Trafalgar Capital Investment Fund,” " 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) upon the occurrence of an Event of Default under the terms of the Convertible Debentures.

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 surrender at the Closings First Closing and for consideration solely consisting of surrendering the Prior Securities and August 2005 Transaction Documents, the Company agrees to issue to the Buyer(s) a replacement Convertible Debenture as outlined herein and additionally, at each closing, each Buyer agrees, severally and not jointly, to purchase and the Company agrees to sell and issue to each Buyer, severally and not jointly, at the Closingsadditional, 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 its his name on Schedule I in same-day funds or a check payable to “Xxxxx X. Xxxxxxx XXXxxxxxxx, P.A. Esq., as Escrow Agent for Carbiz Inc./Trafalgar Cyop Systems International, Inc./Cornell Capital Investment Fund,” 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) upon the occurrence of an Event of Default under the terms of the Convertible Debentures).