Standby Purchase Commitment. (a) Subject to the terms and conditions of this Agreement, the Standby Purchaser hereby agrees to purchase the Securities from the Company, and the Company hereby agrees to sell the Securities to the Standby Purchaser, at the Subscription Price. (b) Payment of the Subscription Price for the Securities shall be made to the Company by the Standby Purchaser, on the Closing Date, against delivery of the Securities to the Standby Purchaser, in United States dollars by means of certified or cashier’s checks, bank drafts, money orders or wire transfers.
Appears in 4 contracts
Samples: Standby Purchase Agreement, Standby Purchase Agreement (Central Federal Corp), Standby Purchase Agreement (Central Federal Corp)
Standby Purchase Commitment. (a) Subject to the terms and conditions of this Agreement, the The Standby Purchaser hereby agrees to purchase the Securities from the Company, and the Company hereby agrees to sell the Securities to the Standby Purchaser, at the Subscription Price.
(b) Payment of the Subscription Price for the Securities shall be made to the Company by the Standby Purchaser, on the Closing Date, against delivery of the Securities to the Standby Purchaser, in United States dollars by means of certified or cashier’s checks, bank drafts, money orders or wire transfers.
Appears in 2 contracts
Samples: Standby Purchase Agreement (Short Vincent Partners II LP), Standby Purchase Agreement (PVF Capital Corp)
