PURCHASE OF SELLER'S SHARES Sample Clauses

PURCHASE OF SELLER'S SHARES. A. Upon the signature of this Agreement the Buyer (By Mr. Tahseen & Mr. Ali) shall purchase from the Seller 80,000 xxxxxxctex xxxxxx xx xxx Seller at an aggregate sum of US$20,000 representing a price per share of US$0.25 ("RESTRICTED SHARES"). B. The purchase of the Restricted Shares by the Buyer is a suspending condition for the effectuation of this Agreement.
Sample 1
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PURCHASE OF SELLER'S SHARES. Buyer hereby agrees to purchase from Seller, and Seller hereby agrees to sell, convey, transfer and assign to Buyer at the Closing, all of Seller's rights, title to and interest in the Shares, for a total purchase price (the "PURCHASE PRICE") consisting of: (i) $1,129,808 in cash payable at Closing as provided in Section 5; (ii) shares of Parent Common Stock, par value $0.01 issuable as provided in Section 1.1; and (iii) 1 /26th of the Contingent Payments contemplated in Section 2.10 and Exhibit 2.10(a) of the Asset Purchase Agreement. Payment of the Purchase Price is subject to the terms of this Agreement, and is subject to set-off as provided in Section 2.9 and Section 10 of the Asset Purchase Agreement, and all references to the Purchase Price shall be deemed to include and refer to such Purchase Price as and if so reduced.
Sample 1
PURCHASE OF SELLER'S SHARES. At Closing, Seller will pay to CAS, via wire transfer, a total of Two Hundred Six Thousand Four Hundred Fifty-six Dollars and Forty-three cents ($206,456.43). Four Hundred Eighty-seven Dollars and Forty-three cents ($487.43) of such sum represents reimbursement of the cost incurred by CAS pursuant to Section 4.6 below for the policy of title insurance on the property. CAS will promptly distribute the balance of such monies (net of applicable withholding) to those persons and in the amounts listed on Schedule 4.4 in final satisfaction of Seller's agreements to (a) cancel its Salary Continuation Agreements with Steve Vincent; (b) buy back shaxxx xx XXXXX restricted stock held by CAS employees; and (c) cash out options to purchase EMCON common stock held by CAS employees. Following the Closing, CAS shall be responsible for the payment of all income tax, withholding, and other payroll-related taxes on all the payments described in this Section 4.4.
Sample 1
PURCHASE OF SELLER'S SHARES. BV PURCHASER. As soon as practicable (but at least one business day) following the satisfaction or waiver of all of the conditions set forth in Section 12 hereof and subject to Section S, Purchaser shall purchase all of Seller's Shares for (a) $126,200,000 plus (b) $17,849 (an amount equal to (i) 14,999 multiplied by (ii) the difference between $13 and the average option exercise price of $11.61) plus (c) if the Closing occurs on or after February 29, 1996, for each day beginning on February 29, 1996 through and including the Closing, the interest on $124,938,000 at a rate equal to the Six-Month London Interbank Offered Rate in effect from time to time divided by 365 (collectively, the "L Purchase Price"). The closing of such purchase and sale (the "Closing") shall occur at the offices ot Mayex, Xxowx & Xlatx, 000 Xxxxx XxXxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx, 00000, xx at such other place as the parties may mutually agree.
Sample 1

Related to PURCHASE OF SELLER'S SHARES

  • SALE AND PURCHASE OF THE PURCHASED LOANS SHALL BE SUBJECT TO THE TERMS, CONDITIONS AND COVENANTS, INCLUDING THIS BLANKET ENDORSEMENT, AS SET FORTH IN THE INITIAL PURCHASE AGREEMENT. BY EXECUTION HEREOF, VL FUNDING ACKNOWLEDGES THAT VL FUNDING HAS READ, UNDERSTANDS AND AGREES TO BE BOUND BY ALL TERMS, CONDITIONS AND COVENANTS OF THE INITIAL PURCHASE AGREEMENT. THE SALE AND PURCHASE SHALL BE CONSUMMATED UPON FUNDING’S PAYMENT TO VL FUNDING OF THE INITIAL PAYMENT (AS DEFINED IN THE MASTER TERMS) AND, UNLESS OTHERWISE AGREED BY VL FUNDING AND FUNDING, SHALL BE EFFECTIVE AS OF THE DATE OF THE INITIAL RELATED XXXX OF SALE.

  • SALE AND PURCHASE OF THE SALE SHARES 2.1 On and subject to the provisions of this Agreement, at Completion the Seller shall sell, and the Purchaser shall purchase, the Sale Shares free and clear from all Encumbrances, together with all rights attaching to them as at Completion, including any right to receive dividends, distributions or any return of capital declared, made or paid with effect from Completion.

  • Sale and Purchase of the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement:

  • Sale and Purchase of the Assets Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, the Seller shall sell, convey, assign, deliver and transfer to the Buyer, all of the Assets and the Buyer shall buy and take possession of, all of the Sellers' right, title and interest in and to the Assets.

  • Acknowledgment Regarding Purchasers’ Purchase of Shares The Company acknowledges and agrees that each of the Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Shares. The Company further represents to each Purchaser that the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.

  • Purchase of Company Shares Acquisition Sub shall have accepted for payment and paid for all of the Company Shares validly tendered and not withdrawn pursuant to the Offer.

  • 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.

  • Sale and Transfer of Shares Closing Subject to the terms and conditions of this Agreement, at the Closing, the following will occur:

  • Transfer of Purchased Assets At each exercise of the Asset Purchase Option by Party A:

  • Purchase and Sale of Purchased Shares At the Closing and on the terms and subject to the conditions set forth in this Agreement, Sellers shall sell and deliver to Purchaser, and Purchaser shall purchase from Sellers and pay therefor, the Purchased Shares, free and clear of any and all Encumbrances and in suitable form for transfer to Purchaser.

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