Common use of Completion of Purchase Clause in Contracts

Completion of Purchase. Upon the closing of the issuance, sale or exchange of all or less than all the Refused Securities, the Purchaser shall acquire from the Company, and the Company shall issue to the Purchaser, the number or amount of New Securities specified in the Notices of Acceptance upon the terms and conditions specified in the Preemptive Offer. The purchase by the Purchaser of any New Securities is subject in all cases to the preparation, execution and delivery by the Company and the Purchaser or like investors of a purchase agreement relating to such New Securities reasonably satisfactory in form and substance to the Purchaser and the Company.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Aspyra Inc), Common Stock and Warrant Purchase Agreement (Vubotics Inc), Securities Purchase Agreement (Aspyra Inc)

AutoNDA by SimpleDocs

Completion of Purchase. Upon the closing of the issuance, sale or exchange of all or less than all of the Refused New Securities, the Purchaser shall acquire from the Company, and the Company shall issue to the Purchaser, the number or amount of New Securities specified in the Notices of Acceptance upon the terms and conditions specified in the Preemptive Offer. The purchase by the Purchaser of any New Securities is subject in all cases to the preparation, execution and delivery by the Company and the Purchaser or like investors of a purchase agreement relating to such New Securities reasonably satisfactory in form and substance to the Purchaser and the Company.

Appears in 1 contract

Samples: Common Stock and Warrant Purchase Agreement (Super Vision International Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.