Examples of Tranche A Purchase Price in a sentence
Each Purchaser shall pay its Proportionate Share of the Tranche A Purchase Price or Tranche B Purchase Price, as applicable, solely by wire transfer in immediately available funds, by 2:00 p.m. New York City Time on the fifth (5th) day following such Purchaser’s receipt of a Funding Notice from the Company (respectively, the “Tranche A Funding Date” and “Tranche B Funding Date”) to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Purchasers.
In addition, in consideration for the Subscriber’s payment of the Tranche A Purchase Price, at the Trance A Closing the Company agrees issue to the Subscriber a warrant to purchase a total of 9.300378 shares of Series A Preferred Stock (convertible into 27,777,778 shares of Common Stock) at a price per share of $268,806.27 (the “Tranche A Subscriber Warrants”).
At the Tranche A Closing, the Purchaser shall deliver to the Company the Tranche A Purchase Price by wire transfer in immediately available funds to the account designated in Section 2(d) below.
The Purchasers’ ownership interest in the Assigned Interests so acquired shall vest immediately and automatically upon the Company’s receipt of payment of the Tranche A Purchase Price for such Assigned Interests, pursuant to Section 2.05(b), subject to the termination provisions of Section 6.01.
As such at the Tranche A Closing the Investor needs to deliver thirteen million dollars ($13,000,000) (the "Remaining Tranche A Purchase Price").
For the Tranche A Closing, Investor shall have delivered to the Company the Tranche A Purchase Price in respect of the Tranche A Note being purchased by Investor referenced in Section 1(c) hereof.
Xxxx, Xx. Title: Managing Member Address: 600 Xxxxxxxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Per Share Purchase Price: $14.50 Number of Tranche A Shares: 327,586 Aggregate Tranche A Purchase Price: $4,749,997 Number of Tranche B Shares: 327,586 Aggregate Tranche B Purchase Price: $4,749,997 Tax ID No. 80-0000000 Contact Name: Mxxxxxx Xxxxxxx, Chief Financial Officer.
The delivery of the certificates representing the Tranche A Securities, payment by the Investor of the Remaining Tranche A Purchase Price and all other instruments required by this Agreement (the "Tranche A Closing") shall take place at 10:00 a.m. on the date of execution of the Agreement at the offices of Skadden, Arps, Slate, Mxxxxxx & Fxxx LLP, Four Times Square, Nxx Xxxx, XX 00000, or at such other time or place as the Company and the Investor may mutually agree.
The Purchasers’ ownership interest in the Assigned Interests and Assigned Tail Royalty Interests so acquired shall vest immediately and automatically upon the Company’s receipt of payment of the Tranche A Purchase Price for such Assigned Interests and Assigned Tail Royalty Interests, pursuant to Section 2.03(b), subject to the termination provisions of Section 6.01.
The delivery of the certificates representing the Tranche A Securities, payment by the Investor of the Remaining Tranche A Purchase Price and all other instruments required by this Agreement (the "Tranche A Closing") shall take place at 10:00 a.m. on the date of execution of the Agreement at the offices of Skadden, Arps, Slate, Meagher & Flom LLP, Four Times Square, New York, NY 10036, or at such other time or place as the Company and the Investor may mutually agree.