Purchase and Sale of Convertible Debentures. 5 2.2 Purchase and Sale; Purchase Price....................................5 2.2 Execution and Delivery of Documents; the Closing.....................6 2.3 The Post-Closing.....................................................7
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, the Convertible Debenture.
Purchase and Sale of Convertible Debentures. ARTICLE 1.2 (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures up to the aggregate Commitment Amount.
Purchase and Sale of Convertible Debentures. Upon the basis of the representations and warranties, and subject to the terms and conditions, set forth in this Agreement, the Company covenants and agrees to sell to the Purchaser on the Closing Date, at a purchase price of $500,000 (the "Purchase Price"), a convertible note in registered form in a principal amount of $500,000 and substantially in the form of Exhibit A hereto (the "Note"), such Note convertible at the option of the holder thereof into a number of Note Shares determined pursuant to Article 3 of the Note, according to the terms and conditions set forth in the Note and upon the basis of the representations and warranties, and subject to the terms and conditions set forth in this Agreement, the Purchaser covenants and agrees to purchase from the Company on the Closing Date the Note at the Purchase Price. All capitalized terms not otherwise defined herein shall have the meanings attributed to them in the Note.
Purchase and Sale of Convertible Debentures. 2.1.1. Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures in the aggregate principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000.00).
Purchase and Sale of Convertible Debentures. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, Buyer agrees to purchase, at each Closing, and Company agrees to sell and issue to Buyer, at each Closing, Convertible Debentures in the amount of the Purchase Price applicable to each Closing as more specifically set forth below.
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures in the aggregate principal amount of Three Million Three Hundred Forty Thousand Dollars ($3,340,000.00).
Purchase and Sale of Convertible Debentures. (a) Subject to the terms and conditions set forth herein and as set forth in the Recitals herein, the Company agrees to issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, Convertible Debentures in the aggregate principal amount of One Million Dollars ($1,000,000.00).
Purchase and Sale of Convertible Debentures. Purchase of Convertible Debentures. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at the Closing and the Company agrees to sell and issue to each Buyer, severally and not jointly, at the Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Closing Date. The Closing of the purchase and sale of the Convertible Debentures shall take place at 10:00 a.m. Eastern Standard Time within two (2) business day following the date hereof, subject to notification of satisfaction of the conditions to the Closing set forth herein and in Sections 6 and 7 below (or such later date as is mutually agreed to by the Company and the Buyer(s)) (the "Closing Date"). The Closing shall occur on the Closing Date at the offices of Yorkville Advisors, LLC, 100 Xxxxxx Xxxxxx, Suite 3700, Jersey City, New Jersey 07302 (or such other place as is mutually agreed to by the Company and the Buyer(s)).
Purchase and Sale of Convertible Debentures. In exchange for the amount set forth opposite Investor’s name the Schedule of Investors (the “Purchase Price”), and subject to the terms and conditions of this Agreement, the Issuer will sell and issue to such Investor one or more convertible debentures providing for a fixed rate of eight percent (8%) per annum and with the accrued interest payable to Investor quarterly (computed on the basis of a 365-day year and the actual number of days elapsed) over the Convertible Debenture Term in the form attached to this Agreement as Exhibit B (the “Convertible Debenture”). Each Convertible Debenture will have a principal balance equal to that portion of the Purchase Price paid by such Investor for such Convertible Debenture, as set forth opposite Investor’s name in the Schedule of Investors, and at each Closing each Investor will deliver the Purchase Price to the Issuer and the Issuer will deliver to each Investor one or more executed Convertible Debentures in return for the respective Purchase Price provided to the Issuer.
