Agreement to Purchase Purchase Price Clause Samples
The 'Agreement to Purchase; Purchase Price' clause establishes the buyer's commitment to purchase a specified asset or property from the seller and sets forth the agreed-upon price for the transaction. Typically, this clause details the exact item or property being sold, the total purchase price, and may outline payment terms such as deposits, installments, or timing of payment. Its core function is to clearly define the mutual obligations regarding what is being bought and for how much, thereby preventing disputes over the subject matter or the financial terms of the agreement.
Agreement to Purchase Purchase Price. Buyer acknowledges that it was the successful bidder for the Property at the Foreclosure Sale with a successful bid for the Property at the Foreclosure Sale in the amount of [ ] ($ ) (the “Purchase Price”), and agrees to purchase all of the interest in the Property from Seller in accordance with and in reliance upon the terms and conditions of this Agreement.
Agreement to Purchase Purchase Price a. Upon the terms and subject to the conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, ________ (------) shares of the Company's Common Stock (the "Shares") at a purchase price of _______ ($_____) per Share, for a total purchase price of _______________ ($_______). The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.
Agreement to Purchase Purchase Price a. Upon the terms and subject to the conditions of this Agreement, on the Purchase Date (as defined below) the Company will issue and sell to Purchaser, and Purchaser agrees to purchase from the Company, 850,000 shares of the Company's Common Stock, $.0001 par value (the "Common Stock") in exchange for Two Thousand Five Hundred Dollars ($2,500.00) at a purchase price of $0.002941 per share acquired. The term "Shares" refers to the purchased Shares and all securities received in replacement of or in connection with the Shares pursuant to stock dividends or splits, all securities received in replacement of the Shares in a recapitalization, merger, reorganization, exchange or the like, and all new, substituted or additional securities or other properties to which Purchaser is entitled by reason of Purchaser's ownership of the Shares.
Agreement to Purchase Purchase Price. (i) Subject to the terms and conditions of this Agreement and the other Transaction Agreements, the undersigned Buyer hereby agrees to loan to the Company the principal amount set forth on the Buyer’s signature page of this Agreement (the “Purchase Price”), out of the aggregate amount being loaned by all Buyers of up to an aggregate of One Million Six Hundred Thousand Dollars ($1,600,000) (the “Aggregate Purchase Price”) which amount will include the conversion of currently issued and outstanding bridge notes issued in December 2009 not to exceed $1,500,000.
(ii) The obligation to repay the loan from the Buyer shall be evidenced by the Company’s issuance of one or more Convertible Debentures to the Buyer in the aggregate principal amount equal to the Purchase Price (the Convertible Debentures issued to the Buyer, the “Debentures”). Each Debenture (a) shall provide for a Conversion Price (as defined below), which price may be adjusted from time to as provided in the Debenture, and (b) shall have the terms and conditions of, and be substantially in the form attached hereto as, Annex I.
(iii) On the Closing Date (as defined below), the Purchase Price shall be paid by the Buyer and the Company will deliver the Certificates (as defined below) to the Buyer.
(iv) The loan to be made by the Buyer and the issuance of the Debentures and the Warrants (collectively, the “Purchased Securities”) to the Buyer are sometimes referred to herein and in the other Transaction Agreements as the purchase and sale of the Debentures and the Warrants
Agreement to Purchase Purchase Price. In consideration of the Buyer’s investment of Fifty Four Thousand One Hundred and Nine Dollars and Fifty-Nine Cents ($54,109.59) in the Company, the Company hereby agrees to issue the Initial Note to the Buyer. In the Company’s sole and absolute discretion, the Buyer further shall have the option to purchase additional 12% convertible notes of the Company due on the six (6) month anniversary of the issuance date of such note in a principal amount of at least $10,000 at any time after the Buyer’s purchase of the Initial Note and prior to August 31, 2017 (the “Additional Notes”),; the Initial Note and any Additional Notes, and, are collectively referred to herein as the “Notes”); provided, the Company reserves the right to not to issue and sell any of all of the Additional Notes the Buyer may request be issued to Buyer. Any such sale of the Additional Notes shall be effected by the Buyer providing the Company with funds in the principal amount of each of the Additional Notes on or prior to August 31, 2017 and the Company providing to the Buyer and the Buyer executing a separate securities purchase agreement between the Buyer and the Company for each additional investment, followed by the Company’s issuance and delivery of an Additional Note for each such accepted investment. Any Notes that are purchased prior to June 30, 2017 shall have a stated conversion price of $0.20 per share. Any Notes that are purchased after June 30, 2017 and prior to July 31, 2017 shall have a stated conversion price of $0.25 per share. Any Notes that are purchased after July 31, 2017 shall have a stated conversion rate of $0.30 per share. If the Company elects not to issue any Additional Note(s), it shall return any funds received by it in respect thereof to the Buyer and instead of providing the Buyer with a separate securities purchase agreement to execute, it shall provide the Buyer with a notification of its election not to issue any such Notes. If the aggregate principal amount of the Notes purchased by Buyer hereunder is greater than or equal to Thirty Thousand Dollars ($30,000), upon maturity of each of the Notes or the Buyer’s conversion of the Notes held by Buyer, the Company will issue to Buyer a warrant, in the form attached as Annex B hereto (the “Warrant”), to purchase such number of shares of the Company’s common stock, $0.001 par value (the “Common Stock”) (representing 100% warrant coverage on the issued Notes e.g., the number of shares of Common Stock that are equa...
Agreement to Purchase Purchase Price. Upon the terms and subject to the conditions of this Agreement, each Holder severally agrees to sell, assign, transfer and deliver to the Purchaser all of such Holder’s right, title and interest in and to all of such Holder’s 10% Notes, which amount is set forth opposite such Holder’s name on the signature page of this Agreement, in satisfaction of such amount and any accrued and unpaid interest, in exchange for the payment by the Purchaser to each Holder of cash in immediately available funds in an amount equal to 77.27% of the total amount of Principal due in respect of such Holder’s 10% Notes as of the date hereof (the “Purchase Price”), which amount is set forth opposite such Holder’s name on the signature page of this Agreement.
Agreement to Purchase Purchase Price. In consideration of G▇▇▇▇▇’▇ entry into the Credit Agreement, the Company hereby agrees to issue the Warrants to G▇▇▇▇▇.
Agreement to Purchase Purchase Price. In consideration of the Buyer’s investment of One Million Three Hundred Seventy Five Thousand Dollars ($1,375,000) in the Company, the Company hereby agrees to issue the Shares to the Buyer.
Agreement to Purchase Purchase Price. The undersigned shall purchase from SPSS on the Closing date that number of shares of SPSS Common Stock (the "Shares") calculable based upon a price per share equal to ninety-five percent (95%) of the average of the closing price of SPSS Common Stock, as quoted on the NASDAQ National Market ("NASDAQ") for the ten (10) trading days following SPSS's release of its earnings for the period ending June 30, 2001, which price is $16.65 (the "Per Share Purchase Price"), and an aggregate purchase price equal to FIVE MILLION AND NO/100 DOLLARS ($5,000,000) (subject to adjustment to prevent the issuance of fractional Shares) (the "Purchase Price"). Notwithstanding anything to the contrary contained herein, fractional Shares shall not be issued. In lieu of fractional shares, the Purchase Price shall be adjusted such that only whole Shares shall be issued hereunder. Payment of the Purchase Price will be made by Buyer by wiring immediately available funds in United States dollars to an account designated by SPSS.
Agreement to Purchase Purchase Price. 16 Section 2.02 Books and Records; Transfers of Mortgage Loans 18 Section 2.03 Delivery of Documents 19 Section 2.04 Quality Control Procedures 20 Section 2.05 Closing Conditions 21