Transaction and Purchase Price. The Investors hereby agree to purchase from the Company, and the Company agrees to issue and sell to the Investors, an aggregate of 1,001,754 shares of Common Stock (the “Purchased Shares”) at a price per share equal to $2.85 (the Offering Price, less the underwriting discount of $0.15 for an aggregate purchase price of $2,854,998.90 (the “Purchase Price”). The transactions contemplated by the preceding sentence will be consummated on April 11, 2011 (the “Closing Date”). The Investors will pay the Purchase Price on the Closing Date by wire transfer of immediately available funds to the account previously designated by the Company. The Company will deliver one or more certificates evidencing the Purchased Shares to the Investors within one business day following the Closing Date. The Purchased Shares will bear the legend set forth in Section 4.3(a) of the Securities Purchase Agreement.
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Samples: Securities Purchase Agreement (Sun Bancorp Inc /Nj/)
Transaction and Purchase Price. The Investors On the terms and subject to the conditions set forth herein, Siguler hereby agree agrees to purchase from the Company, and the Company agrees to issue and sell to the InvestorsSiguler, an aggregate of 1,001,754 247,330 shares of Common Stock (the “Purchased Shares”) at a price per share equal to $2.85 (the Offering Price2.85, less the underwriting discount of $0.15 for an aggregate purchase price of $2,854,998.90 704,890.50 (the “Purchase Price”). The transactions contemplated by the preceding sentence will be consummated on April 11August 10, 2011 (the “Closing Date”). The Investors Siguler will pay the Purchase Price on the Closing Date by wire transfer of immediately available funds to the account previously designated by the Company. The Company will deliver one or more certificates evidencing the Purchased Shares to the Investors Siguler within one business day following the Closing Date. The Purchased Shares will bear the legend set forth in Section 4.3(a) of the Securities Purchase Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (Sun Bancorp Inc /Nj/)
Transaction and Purchase Price. The Investors Siguler hereby agree agrees to purchase from the Company, and the Company agrees to issue and sell to the InvestorsSiguler, an aggregate of 1,001,754 798,323 shares of Common Stock (the “Purchased Shares”) at a price per share equal to $2.85 (the Offering Price, less the underwriting discount of $0.15 for an aggregate purchase price of $2,854,998.90 2,275,220.50 (the “Purchase Price”). The transactions contemplated by the preceding sentence will be consummated on April 11, 2011 (the “Closing Date”). The Investors Siguler will pay the Purchase Price on the Closing Date by wire transfer of immediately available funds to the account previously designated by the Company. The Company will deliver one or more certificates evidencing the Purchased Shares to the Investors Siguler within one business day following the Closing Date. The Purchased Shares will bear the legend set forth in Section 4.3(a) of the Securities Purchase Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (Sun Bancorp Inc /Nj/)
Transaction and Purchase Price. The On the terms and subject to the conditions set forth herein, the Investors hereby agree to purchase from the Company, and the Company agrees to issue and sell to the Investors, an aggregate of 1,001,754 512,124 shares of Common Stock (the “Purchased Shares”) at a price per share equal to $2.85 (the Offering Price2.85, less the underwriting discount of $0.15 for an aggregate purchase price of $2,854,998.90 1,459,553.40 (the “Purchase Price”). The transactions contemplated by the preceding sentence will be consummated on April 11August 10, 2011 (the “Closing Date”). The Investors will pay the Purchase Price on the Closing Date by wire transfer of immediately available funds to the account previously designated by the Company. The Company will deliver one or more certificates evidencing the Purchased Shares to the Investors within one business day following the Closing Date. The Purchased Shares will bear the legend set forth in Section 4.3(a) of the Securities Purchase Agreement.
Appears in 1 contract
Samples: Securities Purchase Agreement (Sun Bancorp Inc /Nj/)