ISSUANCE AND PURCHASE OF STOCK Sample Clauses

ISSUANCE AND PURCHASE OF STOCK. Subject to the terms and conditions of this Agreement, (i) the Company agrees to issue and sell to the Purchasers a total of 125,000 shares of Series C Preferred Stock (convertible into a total of 500,000 Conversion Shares) and Warrants for the purchase of a total of 250,000 Warrant Shares (the "PURCHASED SECURITIES") for an aggregate purchase price consisting of $2,000,000 in cash and the Guaranties, and (ii) each Purchaser agrees to subscribe for and purchase from the Company the number of shares of Series C Preferred Stock and a Warrant for the number of Warrant Shares set forth on such Purchaser's Signature Page for a purchase price consisting of the amount of cash and the amount of such Purchaser's Guaranty also set forth on such Purchaser's Signature Page.
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ISSUANCE AND PURCHASE OF STOCK. Section 2.1 - Issuance and Purchase of Stock Section 2.2 - The Closing
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ISSUANCE AND PURCHASE OF STOCK. Section 2.1
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ISSUANCE AND PURCHASE OF STOCK. Subject to the terms and conditions of this Agreement, the Company agrees to issue and sell to the Purchasers, and the Purchasers agree, severally and not jointly, to subscribe for and purchase from the Company, a total of 970,874 shares of Common Stock (collectively, the "Shares") and the Company agrees to assign all of its interests to the Options and the Option Shares to certain of the Purchasers, for an aggregate purchase price of $10,000,000 in cash (the "Purchase Price"). The respective number of Shares to be purchased by each Purchaser, and the Options to be assigned to the respective Purchasers, are set forth in Exhibit B.
Sample 1
ISSUANCE AND PURCHASE OF STOCK. Subject to the terms and conditions of this Agreement, the Company agrees to issue and sell to the Purchasers, and the Purchasers agree to subscribe for and purchase from the Company, a total of 10 million Units for an aggregate purchase price of $3,000,000 in cash (the "Purchase Price"). The number of Units to be purchased by each Purchaser will be specified in writing to the Company at least three days prior to Closing.
Sample 1
ISSUANCE AND PURCHASE OF STOCK. Section 2.1. Issuance, Purchase and Sale of the Shares. In exchange for the payment by the Purchaser to Company of the aggregate amount of Two Hundred Seventy-Five Thousand and no/100 Dollars ($275,000), Company agrees to issue and sell the Shares to the Purchaser, and the Purchaser agrees to purchase the Shares from Company on the Closing Date.
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Related to ISSUANCE AND PURCHASE OF STOCK

  • Sale and Purchase of Stock 1.1 Subject to the terms, provisions and conditions set forth herein, Seller hereby sells and delivers to Purchaser, and Purchaser hereby purchases and receives from Seller, the Shares, in exchange for the purchase price set forth hereinafter. Purchaser hereby acknowledges receipt of one or more stock certificates representing the Shares, duly endorsed or accompanied by duly executed stock transfer form.

  • Purchase of Stock 2 Section 1.1

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Issuance and Purchase of the Notes (a) Delivery of the Funding Agreement and the Guarantee to the Custodian, on behalf of the Indenture Trustee, pursuant to the Assignment or execution of the cross receipt contained in the Closing Instrument shall be confirmation of payment by the Trust for the Funding Agreement.

  • Issuance and Repurchase of Shares The Trustees shall have the power to issue, sell, repurchase, redeem, retire, cancel, acquire, hold, resell, reissue, dispose of, transfer, and otherwise deal in, Shares, including Shares in fractional denominations, and, subject to the more detailed provisions set forth in Articles VIII and IX, to apply to any such repurchase, redemption, retirement, cancellation or acquisition of Shares any funds or property whether capital or surplus or otherwise, to the full extent now or hereafter permitted corporations formed under the Delaware General Corporation Law.

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.

  • Subscription and Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 1,125,000 of which are subject to surrender and cancellation, on the terms and subject to the conditions set forth in this Agreement. All references in this Agreement to shares of the Company being surrendered and canceled shall take effect as surrenders and cancellations for no consideration of such shares as a matter of Cayman Islands law.

  • Issuance of Stock The Company shall not be obligated to issue any shares of Stock until (i) all federal and state laws and regulations as the Company may deem applicable have been complied with; (ii) the shares have been listed or authorized for listing upon official notice to the New York Stock Exchange, Inc. or have otherwise been accorded trading privileges; and (iii) all other legal matters in connection with the issuance and delivery of the shares have been approved by the Company’s legal department.

  • Issuance of Shares of Stock As soon as practicable following each Vesting Date (but in no event later than two and one-half months after the end of the year in which the Vesting Date occurs), the Company shall issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units that have vested pursuant to Paragraph 2 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect to such shares.

  • Conditions to Issuance of Stock Certificates The shares of stock deliverable upon the exercise of the Option, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such shares shall be fully paid and nonassessable. The Company shall not be required to issue or deliver any certificate or certificates for shares of stock purchased upon the exercise of the Option or portion thereof prior to fulfillment of all of the following conditions:

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