Unit Placement Agreement Sample Clauses
A Unit Placement Agreement is a contractual provision that outlines the terms under which units, such as shares or interests in a fund or company, are offered and allocated to investors. This clause typically details the process for placing units, including the roles of placement agents, pricing mechanisms, and the timeline for subscription and settlement. For example, it may specify how many units are available, who is eligible to purchase them, and the procedures for confirming allocations. The core function of this clause is to ensure a clear, organized, and fair process for distributing units to investors, thereby reducing misunderstandings and disputes during capital raising activities.
Unit Placement Agreement. Agreement made this 19th day of December, 2000 by and among the Congress of Connecticut Community Colleges (“Congress”) and the Federation of Technical College Teachers, AFT, Local 1942, AFL-CIO (“Federation”) (collectively “the Union”) and the Board of Trustees of Community-Technical Colleges (“the Board” or “the employer”). The parties mutually agree as follows:
Unit Placement Agreement. The Initial Stockholders and the Company have entered to a Unit Placement Agreement, substantially in the form of Exhibit 10.11 to the Registration Statement, pursuant to which the Initial Stockholders agreed to purchase 333,334 Units at a price of $6.00 per unit ($2,000,004 in the aggregate) (the “Unit Placement Agreement”). The Units issued and sold pursuant to the Unit Placement Agreement are identical in all respects to the Units offered in the Offering. The issuance and sale of the Units pursuant to the Unit Placement Agreement are exempt from registration pursuant to Section 4(2) of the Act.
Unit Placement Agreement. The Initial Stockholders and the Company have entered to a Warrant Placement Agreement, substantially in the form of Exhibit 10.7 to the Registration Statement, pursuant to which the Initial Stockholders agreed to purchase 3,076,923 Warrants at a price of $0.65 per Warrant ($2,000,000 in the aggregate) (the "Warrant Placement Agreement"). The Warrants issued and sold pursuant to the Warrant Placement Agreement are identical in all respects to the Warrants