PURCHASE PRICE OF THE STOCK Sample Clauses

PURCHASE PRICE OF THE STOCK. 1.2.1 At the Closing, DAH shall make federal funds and wire transfers to each of the Shareholders, to accounts designated by the Shareholders on Exhibit 1.2.1 hereto the aggregate sum of $24 million;
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PURCHASE PRICE OF THE STOCK. 1.2.1 On the Closing Date, DAH shall make a wire transfer in same-day funds to the entity agreed upon by the parties as the paying agent for the Shareholders (the "Paying Agent"), for the account of the Shareholders and to such account as the Paying Agent specifies, in a sum equal to the product of multiplying (a) the percentage representing the pro rata number of shares being sold by the Shareholders to DAH on such date by (b) $79 million, but subject to the adjustments set forth in Section 1.2.3. 1.2.2 On the Closing Date, DAH shall make a wire transfer in same-day funds to the entity agreed upon by the parties as the escrow agent (the "Escrow Agent"), to be held by the Escrow Agent pursuant to the terms of the Escrow Agreement executed among such Escrow Agent and the parties thereto (the "Escrow Agreement"), in a sum equal to the product of multiplying (a) the percentage representing the pro rata number of shares being sold by the Shareholders to DAH on such date by (b) $4 million. 1.2.3 In determining the amount pursuant to Section 1.2.1 and subject to the pro rata adjustment provided for in Section 1.2.1 in the event that DAH purchases less than 100% of the Stock, the purchase price shall be (i) increased by the amount of cash held by Avtech in the accounts listed on Schedule 2.2.12 (the "Cash") to the extent that such amount exceeds $650,000 (the "Minimum Amount") or decreased if the amount is less than the Minimum Amount by the difference between the Cash and the Minimum Amount at Closing. (i) to the extent there are any unpaid Shareholder Closing Expenses on the Closing Date, such expenses shall be paid by the Paying Agent; to the extent that there are Shareholder Closing Expenses which have been advanced by Avtech, the aggregate amount of such expenses shall be reimbursed to Avtech by the Paying Agent on the Closing Date. The sum of the amounts described in this clause (i) shall be deducted from the amount distributed by the Paying Agent to the Shareholders. 1
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PURCHASE PRICE OF THE STOCK. The purchase price for the Stock --------------------------- shall be the average of the closing prices for the Common Stock for NASDAQ National Market Issues as reported in The Wall Street Journal for the five trading days immediately preceding the execution of this Agreement ("Average Price") multiplied by total number of shares of the Stock (the "Purchase Price"). No later than five (5) Business Days prior to the Closing Date, the Buyer and Seller will agree upon the Average Price and the Purchase Price and two (2) Business Days prior to the Closing Date Seller will notify Buyer of the exact number of shares of Seller Stock outstanding and the Parties will agree on the exact number of shares of Stock to be purchased.
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PURCHASE PRICE OF THE STOCK. Subject to all of the terms and conditions of this Agreement, Sellers shall sell the Stock to Buyer or its Nominee at the Closing (as defined in Section 1.02 below) and Buyer or its Nominee, in reliance on the covenants, representations and warranties of Sellers contained herein, shall purchase or cause to purchase the Stock from Sellers at the Closing for a purchase price (the "Purchase Price") equal to CDN $6,000,000. The Purchase Price shall be paid by Buyer or its Nominee to Seller at the Closing, in immediately available funds, or by certified or official bank checks payable to the order of Sellers in accordance with the amounts set forth on Schedule I. Buyer or its Nominee may, in its sole discretion, offer to satisfy up to CDN $2,000,000 of the Purchase Price through the issuance of common shares of the Buyer. Each Seller shall have the right in his, her or its discretion to accept or reject any such offer. In any such case, Buyer and any Sellers who agree to take Buyer's shares in payment of some or all of their share of the Purchase Price shall negotiate the number of Buyer's common shares to be issued and the value to be ascribed thereto. In connection therewith, the parties shall make such representations customary for a purchase of shares and acceptable to such Sellers acting reasonably, and shall assume such undertakings as to allow Buyer's shares to be issued without registration or qualification under the laws of the United States, Canada and any political subdivision thereof. Each of the Sellers shall deliver to Buyer at the Closing certificates for the Stock duly endorsed or with duly executed stock powers attached. Notwithstanding that Buyer may appoint a Nominee hereunder to acquire the Stock, the Buyer shall be liable for all of its obligations and those of its Nominee, as principal and not as surety, which arise under this Agreement.
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Related to PURCHASE PRICE OF THE STOCK

  • Purchase Price for Shares On the Closing Date, the Buyer shall pay to the Seller (to such account as the Seller shall nominate) the amount of US Dollars 33,500,000 (the “Purchase Price”) in exchange for the Shares, less any amounts paid as a deposit for the Shares under that certain Master Vessel Acquisition Agreement between the Buyer and Seller, dated as of July 24, 2014. The Buyer shall have no responsibility or liability hereunder for the Seller’s allocation and distribution of the Purchase Price among the Seller Entities.

  • Option Purchase Price Subject to Section 6.3(a)(iii) below, if ---- --------------------- the Management Investor shall be terminated by the Company with or without Cause or shall cease to be employed by the Company by reason of retirement or resignation, the "Option Purchase Price" for the Common Stock to be purchased from such Management Investor pursuant to the Purchase Option (such number of shares of Common Stock being the "Purchase Number") shall equal the price calculated as set forth in the table below opposite the applicable Termination Date of such Management Investor: Original Management Investors ----------------------------- If the Termination Occurs: Option Purchase Price -------------------------- --------------------- On or prior to July 29, 1995 Adjusted Cost Price multiplied by the Purchase Number After July 29, 1995 and on or Adjusted Cost Price multiplied by 80% of prior to July 29, 1996 the Purchase Number After July 29, 1996 and on or Adjusted Cost Price multiplied by 60% of prior to July 29, 1997 the Purchase Number After July 29, 1997 and on or Adjusted Cost Price multiplied by 40% of prior to July 29, 1998 the Purchase Number After July 29, 1998 and on or Adjusted Cost Price multiplied by 20% of prior to July 29, 1999 the Purchase Number New Management Investors ------------------------ If the Termination Date Occurs: Option Purchase Price ------------------------------- --------------------- On or prior to the first anniversary of the Adjusted Cost Price multiplied by the Closing Date Purchase Number After the first anniversary of the Closing Date, Adjusted Cost Price multiplied by 66 2/3% and on or prior to the second anniversary of the of the Purchase Number Closing Date After the second anniversary of the Closing Date, Adjusted Cost Price multiplied by 33 1/3% and on or prior to the third anniversary of the of the Purchase Number Closing Date As used herein, "Closing Date" for each New Management Investor means the date specified opposite such person's respective name on Schedule II hereto. Notwithstanding anything to the contrary contained herein, in connection with the exercise of any Purchase Option pursuant to Section 6.3, the Company may deduct from the Option Purchase Price paid to any Management Investor the aggregate amount of the outstanding principal and accrued but unpaid interest due on any Promissory Note of such Management Investor to the Company. As used herein, "Adjusted Cost Price" for each share of Common Stock means the original purchase price per share for the Management Investor's Common Stock as set forth in Section 1.1 (including any shares of Common Stock which have been converted into other shares of capital stock of the Company, and adjusted for any stock dividend payable upon, or subdivision or combination of, the Common Stock);

  • Purchase Price The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

  • Purchase Price Floor The Company and the Buyer shall not effect any sales under this Agreement on any Purchase Date where the Closing Sale Price is less than the Floor Price. “Floor Price” means $0.25 per share of Common Stock, which shall be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction.

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Purchase Price; Consideration Purchaser shall, on the date hereof (the “Closing Date”), issue to Seller a promissory note, substantially in the form attached hereto as Exhibit B, in the sum of Fifteen Thousand Dollars ($15,000) (the “Promissory Note”) as the consideration for the Ownership Interests.

  • Adjustments to the Shares and Warrant Price In order to prevent dilution of the purchase rights granted under this Warrant, the Warrant Price and the number of Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 2.

  • Purchase Price; Number of Shares (a) The registered holder of this Warrant (the “Holder”), commencing on the date hereof, is entitled upon surrender of this Warrant with the subscription form annexed hereto duly executed, at the principal office of the Company, to purchase from the Company, at a price per share of $2.80 (the “Purchase Price”), 185,714 fully paid and nonassessable shares of the Company’s Series D Preferred Stock, (the “Exercise Quantity”), $0.001 par value (the “Preferred Stock”).

  • Share Purchase Price The aggregate purchase price for the Purchased Shares (the "Share Purchase Price") will consist of the payment of an amount of cash, equal to $30.10 per Purchased Share, as set forth on Schedule I.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

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