Initial Purchases definition
Examples of Initial Purchases in a sentence
Each of the parties hereto hereby acknowledges that the aggregate Deferred Purchase Price for the Initial Purchases shall be set forth in the first Servicer Report delivered by the Servicer after the date hereof.
No failure or delay on the part of the Company, any Guarantor or the Initial Purchases in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy.
The Escrow Purchasers’ Commission will be allocated among the Initial Purchasers in the same proportions as the aggregate principal amount of the Securities is allocated among the Initial Purchases in Schedule I hereto.
The two Initial Purchases hereunder shall be One Million Dollars ($1,000,000.00) in aggregate and the Buyer shall receive 3,168,305 shares in the aggregate relating to the two Initial Purchases.
No action taken pursuant to this Section shall relieve any defaulting Initial Purchases from liability in respect of its default.
During such period beginning on the date hereof and ending upon completion of the resale of the Debentures by the Initial Purchases (as notified by the Initial Purchasers to the Company), prior to amending or supplementing the Offering Memorandum, the Company shall furnish to the Initial Purchasers for review a copy of each such proposed amendment or supplement, and the Company shall not print or distribute such proposed amendment or supplement to which the Representatives reasonably object.
The three Initial Purchases hereunder shall be One Million Dollars ($1,000,000.00) in aggregate and the Buyer shall receive 200,000 shares in the aggregate relating to the three Initial Purchases.
Instead the Discount Percentage for “all other Products” applies to those Initial Purchases.
The Initial Purchaser, on the one hand, and the Issuers and the Guarantors, on the other hand, hereby establish and agree to observe the following procedures in connection with the offer and sale of the Securities: Offers and sales of the Securities will be made only by the Initial Purchases or Affiliates thereof qualified to do so in the jurisdictions in which such offers or sales are made.
The two Initial Purchases hereunder shall be Five Hundred Thousand Dollars ($500,000.00) in aggregate and the Buyer shall receive 4,166,666 shares in the aggregate relating to the two Initial Purchases.