Examples of Initial Purchase Notice in a sentence
The Company shall deliver the Purchase Notice Shares as DWAC Shares to the Designated Brokerage Account alongside the delivery of the Initial Purchase Notice.
The Initial Purchase Notice shall be given to the Selling Holder within twenty (20) days after receipt of the Notice, in the case of a proposed Private Sale, and within fifteen (15) days after receipt of the Notice, in the case of a proposed Public Sale.
The Closing of the Initial Purchase Notice shall occur on the first Business Day following the Initial Purchase Date (the “Initial Purchase Closing Date”); whereby the Investor shall deliver to the Company, by 5:00 p.m. New York time on the Initial Purchase Closing Date, the applicable Initial Purchase Investment Amount by wire transfer of immediately available funds to an account designated by the Company.
If the Investor does not receive a valid Initial Purchase Notice from the Company by 9:00 am New York time on the Initial Purchase Date, the Initial Purchase Notice shall be void and the Company may only issue Purchase Notices in accordance with the terms of this agreement in lieu of the Initial Purchase Notice.
In the event thatan account becomes sixty days overdue, all scheduled advertising not already on the press will be cancelled until payment is made.
Beginning on the Commencement Date, and for two (2) Business Days thereafter, Company shall have the right, but not the obligation, to direct the Investor, by its delivery to the Investor of the Initial Purchase Notice, to purchase 1,000,000 Purchase Shares at the Purchase Price (such purchase the “Initial Purchase” and such Purchase Shares, the “Initial Purchase Shares”).
The Initial Purchase Notice shall be deemed validly delivered on the Initial Purchase Date if (i) Exhibit A (Form of Initial Purchase Notice) is received by 9:00 a.m. New York time by email by the Investor and (ii) the DWAC of the applicable Purchase Notice Shares has been initiated and completed as confirmed by the Investor’s Designated Brokerage Account by 9:00 a.m. New York time.
On the Initial Purchase Date, the Company shall deliver an Initial Purchase Notice to Investor, subject to satisfaction of the conditions set forth in Section 7 and otherwise provided herein.
Each Initial Purchase Notice and the Secondary Purchase Notice pursuant to this Section 3 when taken together with the Stockholder's Notice shall constitute a legal, valid, binding and enforceable contract between the transferring Stockholder and the Remaining Stockholder(s) on the terms and conditions set forth therein.
If Exhibit A is received after 9:00 a.m. New York time or the DWAC of the applicable Purchase Notice Shares has not been completed as confirmed by the Investor’s Designated Brokerage Account by 9:00 a.m. New York time, then the Initial Purchase Notice shall become void and the Company may only issue Purchase Notices in accordance with the terms of this agreement in lieu of the Initial Purchase Notice (unless waived by Investor).