Common use of Purchase of Debentures and Warrants Clause in Contracts

Purchase of Debentures and Warrants. The Subscriber hereby subscribes for the principal amount of Debentures and for the number of Warrants and at the aggregate purchase price set forth in Section 14. The closing of the purchase of such Debentures and Warrants (the "Closing Dates") shall take place in two (2) separate closings, the first of which is hereinafter referred to as the "First Closing", and the second of which is hereinafter referred to as the "Second Closing". Subject to the satisfaction (or waiver) of the conditions thereto set forth in Section 1.2 and 1.3 below: (i) at the First Closing, the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, seven-tenths of the aggregate principal amount of Debentures and all of the Warrants which the Subscriber is purchasing hereunder for consideration equal to seven-tenths of the Purchase Price, and (ii) at the Second Closing, the Company shall issue and sell to the Subscriber and the Subscriber shall purchase from the Company the remainder of the aggregate principal amount of Debentures which the Subscriber is purchasing hereunder for a price equal to the remainder of the Purchase Price.