Common use of Subscription for Units and Representations by and Covenants of Subscriber Clause in Contracts

Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to United States Trust Company of New York, as Escrow Agent for FutureLink, or by wire transfer of funds, contemporaneously with the execution and delivery of this Subscription Agreement. The Notes and Warrants will be delivered by the Company within 10 days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 Units ($2,000,000 principal amount of Notes and 5,000,000 Warrants) prior to the Termination Date as defined in Article III hereof.

Appears in 2 contracts

Samples: Subscription Agreement (Futurelink Corp), Subscription Agreement (Commonwealth Associates /Bd)

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Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forthforth herein and in the Confidential Term Sheet dated July 30, 1996 (the "Term Sheet"), the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company it may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to United States Continental Stock Transfer & Trust Company of New YorkCompany, as Escrow Agent for FutureLink, or by wire transfer of fundsAgent, contemporaneously with the execution and delivery of this Subscription Agreement. The Notes and Warrants Debentures will be delivered by the Company within 10 ten (10) days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 twenty-five (25) Units ($2,000,000 1,250,000 principal amount of Notes and 5,000,000 WarrantsDebentures) (the "Minimum Offering") prior to the Termination Date as defined in Article III hereof.

Appears in 1 contract

Samples: Subscription Agreement (Marquee Group Inc)

Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 100,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company it may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to United States Trust Company of New York, as Escrow Agent for FutureLinkAccuMed International, or by wire transfer of fundsInc., contemporaneously with the execution and delivery of this Subscription Agreement. The Notes Shares and Warrants will be delivered by the Company within 10 ten (10) days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 forty-five Units ($2,000,000 principal amount of Notes and 5,000,000 Warrants4,500,000) prior to the Termination Date as defined in Article III hereof.

Appears in 1 contract

Samples: Subscription Agreement and Registration Rights Agreement (Accumed International Inc)

Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 100,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company it may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to United States "American Stock Transfer & Trust Company of New York, as Escrow Agent escrow agent for FutureLinkWorldWide Web NetworX", or by wire transfer of funds, contemporaneously with the execution and delivery of this Subscription Agreement. The Notes and Warrants certificates for the Shares will be delivered by the Company within 10 days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 60 Units (for a purchase price of $2,000,000 principal amount of Notes and 5,000,000 Warrants) 6,000,000 prior to the Termination Date as defined in Article III hereof.

Appears in 1 contract

Samples: Subscription Agreement (Worldwide Web Networx Corp)

Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 100,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company it may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to United States Trust Company of New YorkChase Manhattan Bank, as Escrow Agent for FutureLinkAccuMed International, or by wire transfer of fundsInc., contemporaneously with the execution and delivery of this Subscription Agreement. The Notes and Warrants will be delivered by the Company within 10 ten (10) days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 Units seventy ($2,000,000 7,000,000 principal amount of Notes and 5,000,000 700,000 Warrants) prior to the Termination Date as defined in Article III hereof.

Appears in 1 contract

Samples: Subscription Agreement (Accumed International Inc)

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Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 250,000 per Unit, Unit and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to "United States Trust Company of New York, as Escrow Agent for FutureLinkeB2B Commerce, Inc." or by wire transfer of funds, contemporaneously with the execution and delivery of this Subscription Agreement. The Notes Preferred Shares and Warrants will be delivered by the Company within 10 days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 Units ($2,000,000 principal amount of Notes and 5,000,000 Warrants) prior to the Termination Date as defined in Article III hereof.

Appears in 1 contract

Samples: Subscription Agreement (Eb2b Commerce Inc /Ny/)

Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 100,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to United States Trust Company of New York, as Escrow Agent for FutureLinkiMall, Inc., or by wire transfer of funds, contemporaneously with the execution and delivery of this Subscription Agreement. The Notes Certificates representing the Shares and Warrants will be delivered by the Company within 10 ten (10) days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 50 Units ($2,000,000 principal amount of Notes and 5,000,000 Warrants) prior to the Termination Date as defined in Article III hereof.

Appears in 1 contract

Samples: Subscription Agreement (Commonwealth Associates /Bd)

Subscription for Units and Representations by and Covenants of Subscriber. 1.1 Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company such number of Units as is set forth upon the signature page hereof at a price equal to $50,000 100,000 per Unit, and the Company agrees to sell such Units to the Subscriber for said purchase price subject to the Company's right to sell to the Subscriber such lesser number of Units as the Company may, in its sole discretion, deem necessary or desirable. The purchase price is payable by certified or bank check made payable to United States Trust Company of New York, as Escrow Agent for FutureLinkPICK Communications, or by wire transfer of funds, contemporaneously with the execution and delivery of this Subscription Agreement. The Notes and Warrants will be delivered by the Company within 10 days following the consummation of this offering as set forth in Article III hereof. The Subscriber understands however, that this purchase of Units is contingent upon the Company making sales of a minimum of 40 20 Units ($2,000,000 principal amount of Notes and 5,000,000 2,000,000 Warrants) prior to the Termination Date as defined in Article III hereof.

Appears in 1 contract

Samples: Agreement (Commonwealth Associates /Bd)

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