Purchase of OESC Option Sample Clauses

Purchase of OESC Option. Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall grant to Purchaser, and Purchaser shall purchase and acquire from each Seller, an option to buy from each Seller, as a whole and not in part, the number of Option Shares set forth opposite each Seller's name on Schedule 1.1 hereto, such that Purchaser shall have acquired from Sellers, in the aggregate, an option to purchase all of the Option Shares (the "OESC Option"). The OESC Option shall be evidenced by option agreements in the form attached as Exhibit "A" hereto to be executed and delivered by each Seller at the Closing (the "Option Agreements"). The aggregate purchase price payable by Purchaser for the Option Shares upon exercise of the OESC Option shall be $9,500,000 plus the amount of all accrued and unpaid dividends on the Option Shares through the date on which the purchase and sale of the Option Shares upon exercise of the OESC Option is consummated (the "Option Exercise Price"). The Option Exercise Price shall be allocated among and payable to the Sellers in the proportions set forth on Schedule 1.1 and shall be reduced by the amount of the purchase price for the OESC Option paid by Purchaser to Sellers at Closing as set forth in Section 1.4. The OESC Option shall expire if it has not been exercised by December 31, 2003 or if the purchase and sale of Option Shares contemplated thereby shall not have occurred on or prior to such date.
Sample 1
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Related to Purchase of OESC Option

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Purchase of Stock 2 Section 1.1

  • Conditions to Purchase of Option Securities In the event that the Underwriters exercise their option provided in Section 2(b) hereof to purchase all or any portion of the Option Securities, the representations and warranties of the Company contained herein and the statements in any certificates furnished by the Company and any of its subsidiaries hereunder shall be true and correct as of each Date of Delivery and, at the relevant Date of Delivery, the Representatives shall have received:

  • PURCHASE OF COMMON STOCK Subject to the terms and conditions set forth in this Agreement, the Company has the right to sell to the Investor, and the Investor has the obligation to purchase from the Company, Purchase Shares as follows:

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Exercise of Option The Over-allotment Option granted pursuant to Section 1.2.1 hereof may be exercised by the Representative as to all (at any time) or any part (from time to time) of the Option Units within 45 days after the Effective Date. The Underwriters will not be under any obligation to purchase any Option Units prior to the exercise of the Over-allotment Option. The Over-allotment Option granted hereby may be exercised by the giving of oral notice to the Company by the Representative, which must be confirmed in writing by overnight mail or facsimile transmission setting forth the number of Option Units to be purchased and the date and time for delivery of and payment for the Option Units (the "Option Closing Date"), which will not be later than five full business days after the date of the notice or such other time as shall be agreed upon by the Company and the Representative, at the offices of the Representative or at such other place as shall be agreed upon by the Company and the Representative. Upon exercise of the Over-allotment Option, the Company will become obligated to convey to the Underwriters, and, subject to the terms and conditions set forth herein, the Underwriters will become obligated to purchase, the number of Option Units specified in such notice.

  • Repurchase of Shares If any share is repurchased by any of the Funds or is tendered thereto for redemption within seven business days after confirmation by us of the original purchase order from you for such security, you shall forthwith refund to us the full compensation paid to you on the original sale.

  • Sale and Purchase of Stock 10 2.1. Sale and Purchase of Stock, Etc.......................................................10 2.2. Deposit...............................................................................10 2.3.

  • Purchase of Units On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, severally and not jointly, an aggregate of 20,000,000 units of the Company (the “Firm Units”) at a purchase price (net of discounts and commissions) of $9.80

  • Time of Exercise of Option The Optionee may exercise the option granted herein at any time after the effective date of this Agreement until the date of termination of the option as provided herein.

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