Stock Purchase Loan Sample Clauses

Stock Purchase Loan. The Company shall provide the Executive a loan to purchase up to 150,000 shares of the Company's common stock, $.01 par value (the "Common Stock") subject in all respects to the terms and conditions of agreements, in the form and substance substantially similar to the agreements attached as Exhibit A hereto.
Sample 1
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Stock Purchase Loan. The Company agrees to loan to Executive up to ------------------- Fifty thousand dollars ($50,000) to be used by Executive to purchase shares of the Company's publicly traded common stock on the open market. The loan shall be evidenced by a Recourse Secured Promissory Note, substantially in the form of the attached Exhibit A. The loan shall be secured by a pledge of the common stock so acquired pursuant to the terms of a Pledge Agreement and Security Interest in the Proceeds of Sale, substantially in the form of the attached Exhibit B.
Sample 1
Stock Purchase Loan. Mattel agrees to loan the Executive the lesser of $4,236,000 or the actual amount of the federal and California income tax and applicable Medicare withholding tax incurred by her in connection with the vesting of 292,968 shares of the Common Stock of Mattel previously issued to her as "restricted stock" (the "Loan). A promissory note representing a portion of the Loan in the amount of $3,800,000 was executed by the Executive and funded by Mattel on May 20, 1997, and the balance of the Loan will be funded and an additional promissory note executed at any time the Executive shall so request. The Loan bears interest at the Applicable Federal Rate on the dates on which the Loan is funded with interest and principal payable on May 20, 2000. In the event that, for any consecutive 20 trading days during the term of the Loan, the Common Stock of Mattel is trading at a per share price of $45 or more (adjusted for stock splits and dividends) the principal of and the accrued interest on the Loan shall thereupon be forgiven by Mattel. In the event that, prior to the due date of the Loan, the Executive sells any of such 292,968 shares, the entire principal of and accrued interest on the entire Loan shall become immediately due and payable.
Sample 1
Stock Purchase Loan. During his employment with the Employer, the Employee shall be eligible to purchase 25,000 shares of the Employer’s common stock at a price of $2.50 per share, payable as follows: 1) Employee will pay to the Employer the sum of Five Thousand Dollars ($5,000.00) within thirty (30) days from the date Employee elects to purchase such stock. 2) The Employer agrees to provide a non-interest bearing loan to the Employee in the amount of Forty Five Thousand Dollars ($45,000.00), which shall be secured in the form of a promissory note from the Employee to the Employer providing for equal monthly payments of One Thousand Dollars ($1,000.00) each from Employee to Employer, commencing when the Employee starts receiving the full base salary of $135,000 per annum, and until such time as the principal amount is fully paid.
Sample 1
Stock Purchase Loan. Upon execution of this Agreement the Company shall cause to be loaned to the Employee that amount sufficient to permit the Employee to acquire Fifty Thousand (50,000) of the Company's common shares from the Company. The loan shall be secured by a pledge of said shares and shall be repayable, if not sooner, five (5) years from the date hereof (subject to the further conditions of this paragraph). Interest only at the annual rate of 6.73% shall be due semi-annually. Provided the Employee is in the employ of the Company at the anniversary dates indicated, the Company shall forgive Twenty- Five Percent (25%) of the principal balance due on each of the second, third, fourth and fifth anniversary dates of this Agreement. In the event that the Employee re-pays any portion of said loan (other than by loan forgiveness pursuant to this Agreement) the Company shall pay to the Employee additional compensation in the amount of any such re-payment on each anniversary date when loan forgiveness would otherwise have occurred. If the employment relationship has terminated the principal balance still due and any accrued interest thereon shall be payable within ninety (90) days of the date of said termination.
Sample 1
Stock Purchase Loan. The Company agrees to provide a non-interest bearing loan to the Employee in the amount of $100,000 for the purpose of purchasing 50,000 shares of the Company’s common stock at a price of $2.00 per share. This loan shall be repaid from the net proceeds of the Employee’s semi-monthly salary at a rate of $1,000 per month (or in the event the planned second year compensation of $337,500 is granted to the Employee on or before June 1, 2003, then $3,000 per month) until such time as the principal amount is fully
Sample 1
Stock Purchase Loan. The Company shall provide Executive with a loan of $6,743,750.00 (the "Loan"), which is fifty percent (50%) of the fair market value of the Stock Purchase on its purchase date, for purposes of satisfying the withholding tax obligations of the Stock Purchase and the Signing Bonus, upon Executive entering into a non-recourse promissory note (the "Note") and security agreement covering the Stock Purchase (attached hereto as Exhibits B and C). The Note shall bear interest at an annual rate of 6.16% compounded semiannually and payable upon payment of the principal. The Note shall have a maximum term of thirty (30) years. Except as otherwise provided herein, the Loan shall be governed by the Note.
Sample 1
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Stock Purchase Loan. The Company agrees to provide a non-interest bearing loan to the Employee in the amount of $100,000 for the purpose of purchasing 50,000 shares of the Company’s common stock at a price of $2.00 per share. At such time as the Employee’s salary shall be paid at the rate of $225,000.00 per annum, the Employee shall make payments on such loan at the rate of $1,000.00 per month (or in the event the compensation of $337,500.00 per annum is granted to the Employee, then such payment shall be $3,000 per month) until such time as the principal amount is fully repaid. It is planned that as much as $50,000 of the principal amount of this loan may be forgiven under certain meritorious conditions as the Company’s Board of Directors may determine.
Sample 1
Stock Purchase Loan 
Sample 1

Related to Stock Purchase Loan

  • Stock Purchase At the Closing, upon the terms and subject to the conditions set forth in this Agreement, Seller shall sell, assign, transfer and deliver to Purchaser, and Purchaser shall purchase and acquire from Seller, all of the Stock owned by Seller, free and clear of all Liens.

  • 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. (b) Purchaser agrees to be bound by the agreements described in Section 2(a).

  • Payment of Receivables Purchase Price In consideration of the sale of the Receivables from the Seller to the Purchaser as provided in Section 2.1, on the Closing Date the Purchaser shall have paid to the Seller the Receivables Purchase Price.

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).

  • Agreement to Purchase Purchase Price Buyer acknowledges that it was the successful bidder for the Property at the Foreclosure Sale with a successful bid for the Property at the Foreclosure Sale in the amount of [ ] ($ ) (the “Purchase Price”), and agrees to purchase all of the interest in the Property from Seller in accordance with and in reliance upon the terms and conditions of this Agreement.

  • Repurchase (1) It is understood and agreed that the representations and warranties set forth in Sections 3.01, 3.02 and 3.03 shall survive the sale of the Mortgage Loans to the Purchaser and shall inure to the benefit of the Purchaser, notwithstanding any restrictive or qualified endorsement on any Mortgage Note or Assignment or the examination of any Mortgage File. (2) Upon discovery by either of the Sellers or the Purchaser of a breach of any of the representations and warranties contained in Sections 3.01, 3.02 or 3.03 that materially and adversely affects the value of a Mortgage Loan, the party discovering such breach shall give prompt written notice to the other. (3) Unless permitted a greater period of time to cure as set forth in Section 2.04, the applicable Seller shall have a period of 60 days from the earlier of either discovery by or receipt of written notice from the Purchaser to the Seller of any breach of any of the representations and warranties contained in Sections 3.01, 3.02 or 3.03 that materially and adversely affects the value of a Mortgage Loan (a "Defective Mortgage Loan"; provided that "Defective Mortgage Loan" shall also include any Mortgage Loan treated or designated as such in accordance with Section 2.04) within which to correct or cure such breach. If such breach can ultimately be cured but is not reasonably expected to be cured within the 60-day period, then the applicable Seller shall have such additional time, if any, as is reasonably determined by the Purchaser to cure such breach provided that the Seller has commenced curing or correcting such breach and is diligently pursuing same. Each Seller hereby covenants and agrees with respect to each Mortgage Loan conveyed by it that, if any breach relating thereto cannot be corrected or cured within the applicable cure period or such additional time, if any, as is reasonably determined by the Purchaser, then such Seller shall, at the direction of the Purchaser, repurchase the Defective Mortgage Loan at the applicable Repurchase Price.

  • Repurchase Rights If the Optionee for any reason whatsoever ----------------- (including without limitation death, disability, or voluntary or involuntary termination) ceases to be employed by the Company or Banyan Worldwide, or providing services on behalf of the Company or Banyan Worldwide, prior to the date specified in Section 8(d) below for the expiration of these restrictions, then during the 90-day period following such termination the Company may elect, by written notice delivered to the Optionee, to repurchase all or any portion of the Shares, at a price per share equal to the fair market value of such Shares as of the close of business on the date of termination of the Optionee's employment. Such fair market value shall be determined by mutual agreement of the Company and the Optionee. Failing such agreement between the Optionee and the Company within 30 days of the date of the Company's notice electing to repurchase such Shares, the fair market value of such Shares shall be determined by three appraisers, one designated within five days after the termination of said 30-day period by the Optionee or his or her legal representatives (which appraiser shall not be the Optionee or his or her legal representative), one within said period of five days by the Company (which appraiser shall not be an officer, director or employee of the Company) and the third within five days after said appointment last occurring by the two appraisers so chosen. Successor appraisers, if any shall be required, shall be appointed, within a reasonable time, as nearly as may be in the manner provided as to the related original appointment. No appointment shall be deemed as having been accomplished unless such appraiser shall have accepted in writing his appointment as such within the time limited for his appointment. Notice of each appointment of an appraiser shall be given promptly to the other parties in interest. Any expenses relating to the appointment and service of an appraiser shall be paid by the party appointing such appraiser or, in the case of the appraiser appointed by the appraisers chosen by the Company and the Optionee, shall be paid by the Company. Said appraisers shall proceed promptly to determine the fair market value of said Share or Shares by agreement of any two of the appraisers, which shall be conclusive upon all parties in interest in such Shares. Promptly following such determination, the appraisers shall mail or deliver such notice of such determination to the Optionee and the Company.

  • Note Purchase Agreement The conditions precedent to the obligations of the Applicable Pass Through Trustees and the other requirements relating to the Aircraft and the Equipment Notes set forth in the Note Purchase Agreement shall have been satisfied.

  • Receivables Purchase Agreement The Receivables Purchase Agreement is supplemented by the addition of the following terms as Section 2.3(d):

  • Asset Purchase Agreement (a) Within fifteen (15) business days following PCC's receipt of the Put Notice or FBC's receipt of the Call Notice, as the case may be, FBC and PCC shall enter into the Asset Purchase Agreement in the form of Exhibit A hereto (the "Asset Purchase Agreement"), it being understood that the only change to such form shall be changes, if any, in the information contained in the Schedules thereto and the addition, if any, of Schedules thereto that are reasonably required to reflect events occurring after the date hereof; provided, however, that PCC shall not be required to accept any such change or addition that could reasonably be expected to cause a material adverse change in, or have a material adverse effect on, (i) the Assets to be conveyed to PCC pursuant to the Asset Purchase Agreement, (ii) the conduct of the business or operations of the Station or (iii) the ability of FBC to consummate the transactions contemplated by the Asset Purchase Agreement in accordance with its terms; provided further, however, that PCC shall be required to accept any change or addition of the type described in the preceding proviso if such change or addition results from any action taken (or, if required, not taken) by PCC under the Time Brokerage Agreement. Upon the execution and delivery of the Asset Purchase Agreement, FBC and PCC shall perform their respective obligations thereunder, including, without limitation, filing and prosecuting an appropriate application for FCC consent to the assignment of the FCC Licenses from FBC to PCC (the "FCC Consent"). Except as expressly set forth in the Time Brokerage Agreement or the Asset Purchase Agreement, PCC shall not assume any obligations or liabilities of FBC under any contract, agreement, license, permit or other instrument or arrangement. (b) Notwithstanding Section 3(a) of this Option Agreement, in the event that, at the time of the exercise of the Put Option or the Call Option, as the case may be, the only assets held by FBC are (i) the assets to be conveyed to PCC pursuant to the Asset Purchase Agreement and (ii) the certain similar assets to be sold to Buyer pursuant to a certain Option Agreement bearing even date herewith with respect to Seller's New Orleans Station (as identified in such Option Agreement, the "New Orleans Option"), FBC may, at its election, notify PCC in writing that the transactions contemplated by the Asset Purchase Agreement and the New Orleans Option shall each be reconstituted as a sale to PCC of all of the capital stock of FBC (the "Stock Purchase Election"); provided, however, that FBC shall have no right to exercise the Stock Purchase Election if (i) PCC is unable to treat such purchase of stock as a purchase of assets pursuant to Internal Revenue Code ss. 338(h)(10), or its successor, as the same may be amended from time to time, and (ii) PCC and FBC are unable to agree upon the terms and conditions of, and execute and deliver, a Stock Purchase Agreement within thirty (30) days following PCC's receipt from FBC of written notice of its election to exercise the Stock Purchase Election. If FBC exercises the Stock Purchase Election in accordance with the terms of this Section 3(b), FBC and PCC shall negotiate in good faith the terms of the Stock Purchase Agreement, it being understood that such Stock Purchase Agreement shall be substantially equivalent to the Asset Purchase Agreement except for such modifications and additions thereto that are required to conform the Asset Purchase Agreement to the form of agreement customarily used in connection with a sale of capital stock rather than assets, and it being further understood that neither FBC nor PCC shall be required to accept any term or provision in the Stock Purchase Agreement that would, or could reasonably be expected to, result in any increase or decrease in the consideration payable by PCC under the Asset Purchase Agreement or in the liabilities to be assumed by PCC under the Asset Purchase Agreement.

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