Right to Purchase Common Stock Sample Clauses

Right to Purchase Common Stock. The Employee shall have the right to purchase common stock of the Employer under the following formula; Each year within the first sixty (60) days of the anniversary date, starting in 1997, Employee may purchase up to an amount of stock equal to 5% of the then issued and outstanding common shares at a price equal to 75% of the book.
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Right to Purchase Common Stock. In connection with the execution of that certain Collaboration Agreement dated as of March 1, 1998 by and between Bayer INNOVATION ("Bayer") and the Company, Bayer shall hereby be entitled to subscribe for and purchase from the Company, at a price per share equal to the initial price per share to the public (without any reduction for fees or discounts to Underwriters) of the Company's Common Stock in an initial public offering of the Company's Common Stock pursuant to an effective registration Statement under the Securities Act of 1933, as amended (the "Act") (a "Public Offering") payable in cash or check (the "Option Share Price"), at any time after the date the Company proposes to effect a Public Offering and before the date on which the Company files an initial registration statement under Act with respect to such Public Offering, at least the number of shares which can be purchased for $2,000,000 at the Option Share Price but no more than the number of shares which can be purchased for $4,000,000 at the Option Share Price of fully paid and non-assessable shares of the Company's Common Stock (the "Section 10 Common Stock"), subject to the terms and conditions set forth in this Section 10 and pursuant to an executed Common Stock Purchase Agreement substantially in the form of Exhibit E hereto (the "Common Stock Purchase Agreement").
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Right to Purchase Common Stock. Execution of this Agreement constitutes acceptance and approval by each Party of the terms and conditions of the Right to Purchase Common Stock attached as Exhibit “E”. The Parties agree to execute any additional instruments evidencing such acceptance and approval as may be reasonably requested by any Party hereto.
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Right to Purchase Common Stock. OR CONVERT DEBT TO COMMON STOCK: Lender shall have the right, at Lender's option, to purchase common stock or to convert up to $1,500,000 of the principal owing to common shares of Borrower. Any principal converted shall be considered paid on the date of conversion and shall cease to accrue interest as of that date. Lender may purchase for cash or by conversion of debt up to a total of $1,500,000 worth of common shares at the fixed price of One and 50/100 Dollars ($1.50) per share. Lender may purchase shares under this right up to and including March 31, 2005. Lender shall have no right pursuant to this Agreement to purchase common stock or convert debt to stock ownership following that date. The expiration date for the rights granted in this paragraph cannot be extended irrespective of any performance, or lack of performance, of Borrower under the Loan Documents. If Borrower intends to prepay the principal prior to March 31, 2005, Lender shall have the option to exercise its right to convert debt to common stock (as of the date of the proposed prepayment) in lieu of accepting the prepayment.
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Right to Purchase Common Stock. In addition to the fees described above, Dr. Xxx Xxxx xxxll be entitled, for a period of thirty (30) days from the date of this Agreement, to purchase up to 640,000 shares (the "Shares") of common stock, par value $.01 per share, of Ilex Oncology at a price of $.10 per share (the "Purchase Price").
Sample 1
Right to Purchase Common Stock. OR CONVERT DEBT TO COMMON STOCK: Lender shall have the right, at Lender's option, to purchase common stock or to convert up to $1,500,000 of the principal owing to common shares of Borrower. Any principal converted shall be considered paid on the date of conversion and shall cease to accrue interest as of that date. Lender may purchase for cash or by conversion of debt up to a total of $1,500,000 worth of common shares at the fixed price of One and 50/100 Dollars ($1.50) per share. Lender shall have no right pursuant to this Agreement to purchase common stock or convert debt to stock ownership after the loan has BEEN FULLY REPAID. The expiration date for the rights granted in this paragraph cannot be extended irrespective of any performance, or lack of performance, of Borrower under the Loan Documents. If Borrower intends to prepay the principal prior to maturity, Lender shall have the option to exercise its right to convert debt to common stock (as of the date of the proposed prepayment) in lieu of accepting the prepayment for up to the AMOUNT OF CONVERSION STILL REMAINING UNDER THIS CLAUSE.
Sample 1
Right to Purchase Common Stock. Pursuant to the terms of the Consulting Services Agreement, Dr. Xxx Xxxx xxx entitled to purchase, for a period of thirty (30) days from the date of Consulting Services Agreement, and did purchase 640,000 shares (the "Shares") of common stock, par value $.01 per share, of ILEX at a price of $.10 per share (the "Purchase Price"), which shares were converted into an aggregate of 365,379 shares pursuant to the reverse stock split effected by ILEX in February 1997.
Sample 1
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Right to Purchase Common Stock. In the event that a Person becomes an Acquiring Person, each holder of a Right will thereafter have the right to receive, upon exercise, shares of Common Stock (or in certain circumstances, cash, property or other securities of the Company) having a value equal to two times the Purchase Price of the Right. Notwithstanding the foregoing, following the occurrence of such an event or any other Triggering Event (as defined below), all Rights that are, or (under certain circumstances specified in the Rights Plan) were, beneficially owned by any Acquiring Person will be null and void.
Sample 1

Related to Right to Purchase Common Stock

  • GRANT OF THE RIGHT TO PURCHASE COMMON STOCK (a) For value received, the Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase, from the Company, up to the aggregate number of fully paid and non-assessable shares of Common Stock (as defined below) as determined pursuant to Section 1(b) below, at a purchase price per share equal to the Exercise Price (as defined below). The number and Exercise Price of such shares are subject to adjustment as provided in Section 8. As used herein, the following terms shall have the following meanings:

  • Right to Purchase Section 11.23

  • GRANT OF THE RIGHT TO PURCHASE PREFERRED STOCK The Company hereby grants to the Warrantholder, and the Warrantholder is entitled, upon the terms and subject to the conditions hereinafter set forth, to subscribe for and purchase from the Company, 9,694 fully paid and non-assessable shares of the Company’s Series B Preferred Stock (“Preferred Stock”) at a purchase price of $4.90 per share (the “Exercise Price”). The number and purchase price of such shares are subject to adjustment as provided in Section 8 hereof.

  • Option to Purchase Subject to Section 3.5, the Receiver hereby grants to the Assuming Institution an exclusive option for the period of ninety (90) days commencing the day after Bank Closing to purchase any or all owned Bank Premises, including all Furniture, Fixtures and Equipment located on the Bank Premises. The Assuming Institution shall give written notice to the Receiver within the option period of its election to purchase or not to purchase any of the owned Bank Premises. Any purchase of such premises shall be effective as of the date of Bank Closing and such purchase shall be consummated as soon as practicable thereafter, and in no event later than the Settlement Date. If the Assuming Institution gives notice of its election not to purchase one or more of the owned Bank Premises within seven (7) days of Bank Closing, then, not withstanding any other provision of this Agreement to the contrary, the Assuming Institution shall not be liable for any of the costs or fees associated with appraisals for such Bank Premises and associated Fixtures, Furniture and Equipment.

  • Shares The term “

  • Purchase of Shares of Common Stock (a) Each Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, obligate the Holder of the related Unit to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to $50 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a part. The "Settlement Rate" is equal to, (i) if the Applicable Market Value (as defined below) is greater than or equal to $21.08 (the "Threshold Appreciation Price"), 2.3719 shares of Common Stock per Purchase Contract, (ii) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $17.28, the number of shares of Common Stock per Purchase Contract equal to the Stated Amount of the related Unit divided by the Applicable Market Value, and (iii) if the Applicable Market Value is equal to or less than $17.28, 2.8935 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.12, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts. (b) No fractional shares of Common Stock will be issued by the Company with respect to the payment of Contract Adjustment Payments on the Stock Purchase Date. In lieu of fractional shares otherwise issuable with respect to such payment of Contract Adjustment Payments, the Holder will be entitled to receive an amount in cash as provided in Section 5.12.

  • No Rights to Purchase Preferred Stock The issuance and sale of the Shares as contemplated hereby will not cause any holder of any shares of capital stock, securities convertible into or exchangeable or exercisable for capital stock or options, warrants or other rights to purchase capital stock or any other securities of the Company to have any right to acquire any shares of preferred stock of the Company.

  • Common Shares 4 Company...................................................................................... 4

  • 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:

  • Common Stock 1 Company........................................................................1

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