Common use of Sale and Issuance of the Purchased Shares Clause in Contracts

Sale and Issuance of the Purchased Shares. Subject to the satisfaction or waiver of the conditions set forth in Articles ‎VI and ‎VII below, on the Closing Date, the Company shall issue and sell to the Purchaser, and the Purchaser shall subscribe for and purchase from the Company, the Purchased Shares (the “Closing”).