Purchase and Delivery of Shares. Grantee shall be required, to the extent required by applicable law, to purchase the shares of Restricted Stock from the Company at the aggregate par value of the shares of Stock represented by such Restricted Stock (the “Purchase Price”). The Purchase Price shall be payable in cash or in cash equivalents acceptable to the Company. Upon the expiration or termination of the Restriction Period, the restrictions applicable to Restricted Stock shall lapse, and, a certificate for such shares of Stock shall be delivered, free of all such restrictions, to Grantee or Grantee’s beneficiary or estate, as the case may be. Notwithstanding anything in this Agreement to the contrary, the Company may elect to satisfy any requirement for the delivery of stock certificates hereunder through the use of book-entry.
Purchase and Delivery of Shares. A. Subject to the terms, conditions and limitations of this Agreement and to the availability of Shares after purchases made in the Offering by persons who are Non-Restricted Persons, each Standby Purchaser agrees to purchase from FBS, at the public offering price of $10.00 per Share (the “Purchase Price”), such number of Shares up to the number set forth opposite such Standby Purchaser’s name in Exhibit A hereto (each, such Standby Purchaser’s “Maximum Standby Purchase Commitment”) as may be determined pursuant to Sections 2(B) and 2(C) below.
Purchase and Delivery of Shares. Upon its receipt of the purchase price for each Share, the Company shall issue and sell to Purchaser the number of Shares, the stated value of which shall be $10,000 per share (the "Original Preferred Stock Issue Price"). On and as of the Effective Date, the Company shall execute and deliver to the Purchaser a stock certificate in proper form representing the Shares.
Purchase and Delivery of Shares. A. The Purchaser and White River hereby acknowledge and agree that White River has entered into, or contemplates entering into, one or more additional standby purchase agreements ("Standby Purchase Agreements") with certain other parties (collectively with the Purchaser, the "Standby Purchasers") on terms substantially similar to this Agreement, except that they may provide for the purchase of a different Maximum Standby Purchase Commitment and a different Minimum Standby Purchase Commitment (both as defined below).
Purchase and Delivery of Shares. A. The Purchaser and the Company hereby acknowledge and agree that the Company has entered into, or contemplates entering into, one or more additional standby purchase agreements ("Standby Purchase Agreements") with certain other parties (collectively with the Purchaser, the "Standby Purchasers") on terms substantially similar to this Agreement, except that they may provide for the purchase of a different Maximum Standby Purchase Commitment and a different Minimum Standby Purchase Right (both as defined below), among other differences.
Purchase and Delivery of Shares. Grantee shall be required, to the extent required by applicable law, to purchase the shares of Stock issuable hereunder from the Company at the aggregate par value of the shares of Stock (the “Purchase Price”). The Purchase Price shall be payable in cash or in cash equivalents acceptable to the Company. An election under Section 7 notwithstanding, upon the expiration or termination of the Restriction Period and Grantee having properly paid the Purchase Price, the shares of Stock shall be issuable to Grantee (or his estate) and a certificate for such shares of Stock shall be delivered, free of all such restrictions, to Grantee or Grantee’s estate, as the case may be. Notwithstanding anything in this Agreement to the contrary, the Company may elect to satisfy any requirement for the delivery of stock certificates through the use of book-entry.
Purchase and Delivery of Shares. Upon the Closing Date:
Purchase and Delivery of Shares. A. The Purchaser and the Company hereby acknowledge and agree that the Company has entered into one or more additional securities purchase agreements (the "Purchase Agreements") with certain other parties (collectively with the Purchaser, the "Shares Purchasers") on terms substantially similar to this Agreement. The obligations of the Purchaser and the Company under this Agreement shall not be affected by the obligations of any other Shares Purchaser and, except as expressly provided herein, are unconditional.
Purchase and Delivery of Shares. Purchasers of an aggregate of at least $10,000,000 of Series C Preferred shall have paid the purchase price therefor to the Company and the Company shall have delivered to each such Purchaser at the Closing a stock certificate(s) representing the number of the Shares to be acquired by such Purchaser, as designated in EXHIBIT A.
Purchase and Delivery of Shares. Upon its receipt of the purchase price for each share of Series 2000 Preferred Stock, the Company shall issue and sell to the Purchaser the number of shares of Series 2000 Preferred Stock (the "Shares"), the stated value of which shall be $10,000 per share (the "Original Series 2000 Issue Price"). On and as of the Effective Date, the Company shall execute and deliver to the Purchaser a stock certificate in proper form representing the Shares.
