First Purchase Price definition
Examples of First Purchase Price in a sentence
Purchaser has, or will have prior to the First Closing and the Second, sufficient cash, available lines of credit or other sources of immediately available funds to enable it to make payment of the First Purchase Price and any other amounts to be paid by it hereunder, when and as required to be made pursuant to this Agreement and the Subscription Agreement.
The closing (the "First Closing") of the purchase and sale of 275,000 of the Purchased Shares (the "First Closing Shares"), for an aggregate purchase price of $400,000 (the "First Purchase Price"), will take place at 11:00 a.m. Central, on or before October 15, 2003, at the offices of ▇▇▇▇▇▇▇ & ▇▇▇▇▇ L.L.P., ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇, or at such other time and place as the Parties may agree.
If, after the First Closing, AWK discovers that the Company has not complied with the terms of this Agreement or any of the Transaction Agreements, AWK and the Purchasers shall have the right to indemnification of the First Purchase Price by the Company and shall have the right to be indemnified all reasonable expenses related to the preparation and completion of the transactions envisioned by this Agreement and the Transaction Agreements.
Any liability of the Purchaser for a breach of one or any of the above guarantees shall be limited to the amount of the First Purchase Price.
The closing of the first sale of Common Membership Interests (the “First Closing”) shall take place on the First Closing Date by the electronic exchange of the signed applicable Transaction Documents and upon the wiring of the First Purchase Price in exchange for the sale of the First Common Membership Interests, as contemplated above.