Subscriptions for Stock Sample Clauses

The "Subscriptions for Stock" clause defines the terms under which an individual or entity agrees to purchase shares of a company's stock. Typically, this clause outlines the number of shares to be acquired, the purchase price, payment terms, and any conditions that must be met before the subscription is finalized. For example, it may specify that payment must be made in full before shares are issued or that certain regulatory approvals are required. The core function of this clause is to formalize the process of acquiring stock, ensuring both parties understand their obligations and protecting the company by setting clear terms for the issuance of new shares.
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Subscriptions for Stock. At the Closing, the IBT shall issue to Cumberland, and Cumberland shall subscribe for, 225,000 shares of Common Stock at a price of $10 per share that shall be paid for from its cash assets and from funds it initially contributed into the escrow account described in Section 2.3 above. At the Closing, the IBT shall issue to INSCORP, and INSCORP shall subscribe for, 225,000 shares of Common Stock at a price of $10 per share, which shall be paid for from funds INSCORP initially contributed into the escrow account, as well as from the proceeds of its stock offering. The IBT shall deliver to each Party at the Closing a certificate or certificates registered in the name of such Party evidencing the shares of Common Stock subscribed for by such Party.
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Subscriptions for Stock. Unless otherwise provided for in the subscription agreement, subscriptions for shares shall be paid in full at such time, or in such installments and at such times, as shall be determined by the board of directors. Any call made by the board of directors for payment on subscriptions shall be uniform as to all shares of the same class or as to all shares of the same series. In case of default in the payment of any installment or call when such payment is due, the corporation may proceed to collect the amount due in the same manner as any debt due the corporation.
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Subscriptions for Stock. At the Closing, the FSB shall issue to, and Cumberland shall subscribe for 10,000 shares of Common Stock (the "Cumberland Shares"), and the FSB shall issue to, and the Murr▇▇ ▇▇▇up shall subscribe for, 10,000 shares of Common Stock (the "Murr▇▇ ▇▇▇up Shares"). The FSB shall deliver to each Party at the Closing a certificate or certificates registered in the name of such Party evidencing the shares of Common Stock subscribed for by such Party.
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Related to Subscriptions for Stock

  • Subscription for Shares For the sum of US$25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby agrees to issue the Shares to the Subscriber, and the Subscriber hereby subscribes for the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall update its register of members accordingly. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law. The one Class B Ordinary Share currently held by the Subscriber following the incorporation of the Company shall be repurchased by the Company at par immediately following the issue of the Shares by the Company.