Common use of Purchase and Sale of Common Stock Clause in Contracts

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 2 contracts

Samples: Subscription Agreement (Franchise Group, Inc.), Subscription Agreement (Franchise Group, Inc.)

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Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 [•] shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 [•] in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Franchise Group, Inc.)

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 1,333,333.33 shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 16,000,000 in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Franchise Group, Inc.)

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 750,000 shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 9,000,000.00 in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Vintage Capital Management LLC)

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 [●] shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 [●] in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Franchise Group, Inc.)

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 2,354,000 shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 28,248,000.00 in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Franchise Group, Inc.)

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 187,500 shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 2,250,000.00 in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Vintage Capital Management LLC)

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Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 [●] shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 [●] per share, for an aggregate purchase price of $12,000,000 [●] in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Franchise Group, Inc.)

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the TransactionMerger, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 2,083,333.33 shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 per share, for an aggregate purchase price of $12,000,000 25,000,000 in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Closing Subscription Agreement (Liberty Tax, Inc.)

Purchase and Sale of Common Stock. Subject to the terms and conditions set forth in this Agreement, contemporaneously with the consummation of the Transaction, the Subscriber shall purchase, and the Company shall issue and sell to the Subscriber, 1,000,000 [•] shares of Common Stock (the “Subscription Shares”), at a purchase price of $12.00 [•]1 per share, for an aggregate purchase price of $12,000,000 [•] in cash (such amount, the “Purchase Price”). The issuance by the Company of the Subscription Shares and the purchase by the Subscriber of the Subscription Shares in exchange for the payment of the Purchase Price as described in the foregoing provisions of this Section 1 are hereby collectively referred to herein as the “Subscription”.

Appears in 1 contract

Samples: Subscription Agreement (Franchise Group, Inc.)

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