First Purchase definition

First Purchase is defined in Section 2.1(a).

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First Purchase means the first Purchase of Convertible Securities proposed to take place under this Agreement, on the commercial terms set out in the Details Schedule.

First Purchase means the purchase pursuant to Section 2.2 of Series B Preferred Shares having an aggregate Liquidation Preference of $3,000,000.

Examples of First Purchase in a sentence

• The First Purchase Royalties and the Ongoing Purchase Contributions shall be collectively referred to as the "Organization Payments." Capital One will provide the Organization Payments on at least a quarterly basis.

• Any modifications to the First Purchase Royalty and/or the Ongoing Purchase Contribution will apply to the Accounts notified in advance of such modifications and to all Accounts activated after such modifications to the Organization Payments have been initiated.

• Capital One will provide royalties to the Organization or to the Fiscal Sponsor of the Organization as addressed further herein, based on the initial purchase made on each new Account (a "First Purchase Royalty") and/or a transaction contribution based on a percentage of the Net Purchase Volume charged to each Card (an "Ongoing Purchase Contributions").

• The Investor Groups' rights to purchase such Eligible Units and each Management Member's corresponding obligation to sell such Eligible Units shall terminate on the 120th day following (x) in the case of Class A Units, the date of the Termination Event and (y) in the case of Vested Units, the First Purchase Date.

• On the First Purchase Date you will repay to the Company the entire outstanding principal balance on each loan listed in the schedule attached hereto as EXHIBIT B, together with interest accrued through the First Payment Date.

• The commission on the first Drinking Water System (DWS) sale or purchase by a new Builder (First Purchase) is allocated to the Sponsor.

• This Right of First Purchase shall continue to apply to any such stock after the transfer during the Grantee's lifetime of that stock to a member of the Grantee's Immediate Family or to a family partnership or trust as aforesaid, and after any transfer of that stock with respect to which the Company was offered but did not exercise or waive its right of first purchase or more than nine months after the Grantee's death.

• The Employment Agreement will automatically become effective upon execution by Parent and the Company on the First Purchase Date.

• After the First Purchase, the new Builder is now qualified to receive commission on all future personal sales.

• Parent will execute and cause the Company to execute the Employment Agreement on the First Purchase Date.