Common use of Issuance Closing Clause in Contracts

Issuance Closing. The Company shall sell, and, in the event Executive elects to participate in such issuance, Executive shall purchase, the amount of New Securities determined pursuant to this Section 5 elected to be purchased by Executive at the Company headquarters’ office either, at the option of the Company, (i) on the 15th day after the Issuance Notice (or if such 15th day is not a business day, then on the next succeeding business day) or (ii) simultaneously with (and, if specified by the Company, as a part of) the closing of, the issuance of New Securities to the participating Investors (in each such instance, the “Issuance Closing”). At the Issuance Closing, Executive will pay the purchase price payable for the New Securities offered to Executive hereunder in cash by wire transfer of immediately available funds to an account designated by the Company and will make customary investment representations to the Company.

Appears in 4 contracts

Samples: Senior Management Agreement (Maravai Lifesciences Holdings, Inc.), Senior Management Agreement (Maravai Lifesciences Holdings, Inc.), Senior Management Agreement (Maravai Lifesciences Holdings, Inc.)

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Issuance Closing. The Company shall sell, and, in the event Executive elects and each Qualified Holder electing to participate in such issuance, Executive issuance shall purchase, the amount of New Securities determined pursuant to this Section 5 8 elected to be purchased by Executive him or it at the Company headquarters' office either, at the option of the Company, (ia) on the 15th day after the Issuance Notice (or if such 15th day is not a business day, then on the next succeeding business day) or (iib) simultaneously with (and, if specified by the Company, as a part of) the closing of, the issuance of New Securities to the participating Investors Investor (in each such instance, the "Issuance Closing"). At the Issuance Closing, Executive each participating Qualified Holder will pay the purchase price payable for the New Securities offered to Executive him or it hereunder in cash by wire transfer of immediately available funds to an account designated by the Company and will make customary investment representations to the Company.. ​

Appears in 1 contract

Samples: Securityholders Agreement (ITHAX Acquisition Corp.)

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Issuance Closing. The Company shall sell, and, in the event Executive elects and each Qualified Holder electing to participate in such issuance, Executive issuance shall purchase, the amount of New Securities determined pursuant to this Section 5 8.11 elected to be purchased by Executive such Person at the Company headquarters' office either, at the option of the Company, (i) on the 15th day after the Issuance Notice (or if such 15th day is not a business day, then on the next succeeding business day) or (ii) simultaneously with (and, if specified by the Company, as a part of) the closing of, the issuance of New Securities to the participating Investors Persons (in each such instance, the "Issuance Closing"). At the Issuance Closing, Executive each participating Qualified Holder will pay the purchase price payable for the New Securities offered to Executive such Person hereunder in cash by wire transfer of immediately available funds to an account designated by the Company and will make customary investment representations to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cable One, Inc.)

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