STOCK PURCHASE AND LOAN Sample Clauses

STOCK PURCHASE AND LOAN. The Employee is currently a participant in MIIX Group's Stock Purchase and Loan Program. The Employee shall, pursuant to the Stock Purchase and Loan Program, purchase an additional $195,000 of MIIX Group common stock, rounded to the nearest whole share, as of the date of this Agreement and MIIX Group shall loan to the Employee the funds necessary to do so. The Employee and MIIX Group shall, simultaneous with the execution of this Agreement, execute the Stock Purchase and Loan Agreement, a copy of which is attached hereto as Exhibit B.
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STOCK PURCHASE AND LOAN. The Employee shall participate in MIIX Group's Stock Purchase and Loan Program, by which the Employee shall purchase $500,000 of MIIX Group common stock, rounded to the nearest whole share, as of the date of this Agreement and MIIX Group shall loan to the Employee the funds necessary to do so. The Employee and MIIX Group shall, simultaneous with the execution of this Agreement, execute the Stock Purchase and Loan Agreement, a copy of which is attached hereto as Exhibit B.
STOCK PURCHASE AND LOAN. The Company shall use its best efforts to allow Employee to purchase up to 35,000 shares of Series C Convertible Preferred Stock in the Company's current offering of up to 4,214,703 shares of Series C Convertible Preferred Stock (expected to be consummated in March 2000), such purchase to be at a price of $4.25 per share and on the same terms and conditions applicable to other purchasers in such offering. To this end, Company shall extend a loan to Employee on March 15, 2000 in the amount of $148,750 (evidenced by a Promissory Note in the form attached hereto). Such loan bears simple interest at the rate of 10% per year, and the principal and interest on such loan shall be due and payable on March 15, 2003. Employee shall pay interest only on each anniversary of the Promissory Note until maturity.
STOCK PURCHASE AND LOAN. The Employee shall participate in MIIX Group's Stock Purchase and Loan Program, by which the Employee shall purchase $440,000
STOCK PURCHASE AND LOAN. The Executive shall participate in MIIX Group's Stock Purchase and Loan Program by which the Executive shall purchase, within five years of the date of this Agreement, $850,000 of MIIX Group common stock, rounded to the nearest whole share, and MIIX Group shall loan to the Executive the funds necessary to do so. The Executive may select the date or dates on which to purchase such shares and the number of shares to purchase on each such date or dates within such five year period. At the Executive's option, the Executive may purchase up to an additional $425,000 of MIIX Group common stock, rounded to the nearest whole share, and MIIX Group shall loan to the Executive the funds necessary to do so. Such stock purchase(s) and loan(s) shall be made pursuant to the terms and upon the execution of the form of Stock Purchase and Loan Agreement attached hereto as Exhibit B.

Related to STOCK PURCHASE AND LOAN

  • Agreements to Sell and Purchase and Lock-Up Agreements On the basis of the representations and warranties contained in this Agreement, and subject to its terms and conditions, (i) the Company agrees to issue and sell ______________ Firm Shares, (ii) each Selling Stockholder agrees, severally and not jointly, to sell the number of Firm Shares set forth opposite such Selling Stockholder's name in Schedule II hereto and (iii) each Underwriter agrees, severally and not jointly, to purchase from each Seller at a price per Share of $______ (the "PURCHASE PRICE") the number of Firm Shares (subject to such adjustments to eliminate fractional shares as you may determine) that bears the same proportion to the total number of Firm Shares to be sold by such Seller as the number of Firm Shares set forth opposite the name of such Underwriter in Schedule I hereto bears to the total number of Firm Shares. On the basis of the representations and warranties contained in this Agreement, and subject to its terms and conditions, the Company agrees to issue and sell the Additional Shares and the Underwriters shall have the right to purchase, severally and not jointly, up to _______ Additional Shares from the Company at the Purchase Price. Additional Shares may be purchased solely for the purpose of covering over-allotments made in connection with the offering of the Firm Shares. The Underwriters may exercise their right to purchase Additional Shares in whole or in part from time to time by giving written notice thereof to the Company within 30 days after the date of this Agreement. You shall give any such notice on behalf of the Underwriters and such notice shall specify the aggregate number of Additional Shares to be purchased pursuant to such exercise and the date for payment and delivery thereof, which date shall be a business day (i) no earlier than two business days after such notice has been given (and, in any event, no earlier than the Closing Date (as hereinafter defined)) and (ii) no later than ten business days after such notice has been given. If any Additional Shares are to be purchased, each Underwriter, severally and not jointly, agrees to purchase from the Company the number of Additional Shares (subject to such adjustments to eliminate fractional shares as you may determine) which bears the same proportion to the total number of Additional Shares to be purchased from the Company as the number of Firm Shares set forth opposite the name of such Underwriter in Schedule I bears to the total number of Firm Shares. Each Seller hereby agrees not to (i) offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock or (ii) enter into any swap or other arrangement that transfers all or a portion of the economic consequences associated with the ownership of any Common Stock (regardless of whether any of the

  • Stock Purchase Agreement (a) Purchaser understands and agrees that the conversion of the Note into equity securities of the Company may require such Purchaser’s execution of certain agreements (in form reasonably agreeable to a majority in interest of the Purchasers) relating to the purchase and sale of such securities as well as registration, information and voting rights, if any, relating to such equity securities.

  • Amendments to the Receivables Purchase Agreement The Receivables Purchase Agreement is hereby amended as follows:

  • Share Purchase Agreement 33- --------------------------------------------------------------------------------

  • Stock Purchase On and subject to the terms and conditions set forth in this Agreement, on the Closing Date, the Purchaser shall purchase from each Seller, and each Seller shall sell and transfer to the Purchaser, all of the shares of Common Stock owned by such Seller as such ownership is set forth on the Schedule of Stockholders attached hereto, free and clear of any Liens.

  • Founder’s Purchase Agreement The Founder’s Purchase Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.

  • Agreement to Sell and Purchase the Shares At the Closing (as defined in Section 3), the Company will sell to the Purchaser, and the Purchaser will buy from the Company, upon the terms and conditions hereinafter set forth, the number of Shares (at the purchase price) shown below:

  • Exception for Certain Family Transfers Anything to the contrary contained in this Section notwithstanding, the transfer of any or all of the Shares during the Optionee’s lifetime or on the Optionee’s death by will or intestacy to the Optionee’s immediate family or a trust for the benefit of the Optionee’s immediate family shall be exempt from the provisions of this Section. “Immediate Family” as used herein shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister. In such case, the transferee or other recipient shall receive and hold the Shares so transferred subject to the provisions of this Section, and there shall be no further transfer of such Shares except in accordance with the terms of this Section.

  • Receivables Purchase Agreement The Transferor, in its capacity as purchaser of Receivables from the RPA Seller under the Receivables Purchase Agreement, shall enforce the covenants and agreements of the RPA Seller as set forth in the Receivables Purchase Agreement, including its agreement to designate Additional Accounts as and when required in order for the Transferor to fulfill its undertakings in Section 2.06. The Transferor shall not amend, waive or otherwise modify the Receivables Purchase Agreement except in accordance with its terms.

  • Agreements to Sell, Purchase and Resell (a) The Company hereby agrees, subject to all the terms and conditions set forth herein, to sell to each of the Underwriters and, upon the basis of the representations, warranties and agreements of the Company herein contained and subject to all the terms and conditions set forth herein, each of the Underwriters, severally and not jointly, agrees to purchase from the Company, such principal amount of each class of the Notes at such respective purchase prices as are set forth next to the name of such Underwriter on Schedule A hereto.

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