Purchase and Sale of Options Sample Clauses

Purchase and Sale of Options. Trust assets may be invested by purchasing put options not exceeding the number of shares of optioned stock actually held by the Trust, by selling put options and maintaining liquidity to the extent necessary pending the exercise or lapse of the option, and by selling call options, but not in a market opening or market closing transaction, not exceeding the number of shares of optioned stock actually held by the Trust.
Sample 1Sample 2Sample 3See All (4)
AutoNDA by SimpleDocs
Purchase and Sale of Options. On and subject to the terms and conditions of this Agreement, Travelers hereby agrees to sell, transfer, convey and deliver to the Company, and the Company agrees to purchase from Travelers, all of Travelers’ right, title and interest in and to the Options for a purchase price of Ninety-Eight Million Five Hundred Twenty Thousand Dollars (US$98,520,000) in cash (the “Purchase Price”). The closing of the purchase and sale of the Options (the “Closing”) shall take place on October 18, 2010 at the offices of the Company in Bermuda. At the Closing, the Company shall deliver to Travelers the Purchase Price by wire transfer of immediately available funds to the account set forth in Schedule 1 hereto, whereupon the Option Agreements and the Options set forth therein shall be deemed to be transferred to the Company and canceled with no further force and effect. The parties hereto agree that, upon the Closing, the Registration Rights Agreement dated as of November 1, 2002 between the Company and Travelers shall terminate with no further force and effect.
Sample 1
Purchase and Sale of Options. Subject only to the conditions set forth in Paragraph 6 above, Kevix Xxxxx ("Xyrnx") xnd Robexx Xxxxxxx ("Xolexxx") xereby unconditionally and irrevocably agree to sell to FCFG or its assigns, and FCFG and/or its assigns hereby unconditionally and irrevocably agrees to purchase from Byrnx xxx Colexxx xxxse certain options to acquire FCFG stock previously granted to Byrnx xxx Colexxx (xxe "Options"), or, if the Options shall have been exercised prior to the purchase and sale date, the Stock obtained by Byrnx xxx/or Colexxx xx the exercise of the Options (the "Option Stock"), all pursuant to the terms of this Paragraph 9. Byrnx xxx Colexxx xxxh own Options representing the right to acquire 33,021 shares, respectively. Byrnx xxx Colexxx xxxl sell, and FCFG and/or assigns will acquire, the Options and/or the Option Stock, as the case may be, no later than January 31, 1998. The exact purchase and sale date shall be determined by FCFG, in its sole discretion. The purchase price to be paid in cash at closing shall be $22.00 per share. In the case of Options, the per-share exercise price shall be deducted from the per-share purchase price. In the case of Option Stock, the full purchase price shall be paid at closing. Nothing in this Agreement shall prohibit Byrnx xx Colexxx xxxm assigning for security purposes or encumbering either the Options or the Option Stock, so long as the obligation secured by such encumbrance(s) shall not exceed the net purchase price to be paid by FCFG on the purchase and sale date. Bryne and Colexxx xxxeby unconditionally agree that in the event either or both of them obtain any Option Stock through exercise of an Option, they shall enter into an agreement in form and substance satisfactory to FCFG, agreeing not to vote such Option Shares.
Sample 1
Purchase and Sale of Options. We agree to the following:
Sample 1
Purchase and Sale of Options. Upon the terms and subject to the conditions contained in this Agreement, as provided for in Section 1.04 hereof, Buyer shall purchase and acquire from the Selling Optionholder, and the Selling Optionholder shall sell, transfer, assign, convey and deliver to Buyer, all of the Options, free and clear of all liens, pledges, security interests, charges, claims or encumbrances of any nature whatsoever at the time such Options become exercisable and transferable by the Optionholder pursuant to the terms of the Award Agreements.
Sample 1
Purchase and Sale of Options. Subject to the terms and conditions of this Agreement, on the Closing Date, Davis shall sell to Buyer, and Buyer shall purchase from Davis, Oxxxxxs to acquire 295,000 shares of Class B Stock. The puxxxxxe price for the Options shall be $25,000.
Sample 1
Purchase and Sale of Options 
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Purchase and Sale of Options

  • Purchase and Sale of Shares 2.1.1. Upon the terms and subject to the conditions set forth in this Agreement, at the Closing, Seller shall sell, transfer and deliver to Buyer, free and clear of all Liens (other than Liens under the Securities Act and any other applicable state or foreign securities Laws), and Buyer shall purchase from Seller, all right, title and interest in and to the Shares.

  • Purchase and Sale of Units The Purchaser hereby subscribes for and purchases from the Company, and the Company hereby issues and sells to the Purchaser, 20,000 units (the “Initial Units”) at a purchase price of approximately $.004348 per Initial Unit for an aggregate purchase price of $86.84. Each Initial Unit consists of one share of Common Stock and one warrant (an “Initial Warrant”) to purchase one additional share of Common Stock for $7.00 in accordance with the terms of the Warrant Agreement to be entered into by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent, which shall be substantially in the form attached hereto as Exhibit A (the “Warrant Agreement”). The Initial Units, together with the underlying Common Stock and the Initial Warrants, are referred to herein as the “Securities.”

  • Purchase and Sale of Common Shares (a) Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties set forth in Schedule B to this Agreement, the Purchaser hereby agrees to purchase from the Company and the Company hereby agrees to sell to the Purchaser, on the Closing Date, 104,500,000 Common Shares (the “Purchased Shares”) at a price of $48.60 per Purchased Share for an aggregate purchase price of $5,078,700,000 (the “Share Purchase Price”).

  • Purchase and Sale of the Units Subject to the terms and conditions of this Agreement, on the Closing Date, each Investor shall purchase, and the Company shall sell and issue to each Investor, the number of Units set forth opposite the Investor’s name on the signature page attached hereto at a price per Unit equal to the Per Unit Purchase Price.

  • Purchase and Sale of Stock Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to Purchaser, an aggregate of 37,500 shares of the Common Stock of the Company (the "Stock") at $0.01 per share, for an aggregate purchase price of $375.00, payable in cash. The closing hereunder, including payment for and delivery of the Stock, shall occur at the offices of the Company immediately following the execution of this Agreement, or at such other time and place as the parties may mutually agree (the "Closing").

  • Purchase and Sale of Common Stock Subject to the terms and conditions set forth herein, the Company shall issue and sell to the Investor, and the Investor shall purchase from the Company, up to that number of Shares having an aggregate Purchase Price of Ten Million dollars ($10,000,000).

  • Purchase and Sale of the Shares Upon the terms and subject to the conditions of this Agreement, at the Closing, the Seller shall sell to the Purchaser, and the Purchaser shall purchase from the Seller, the Shares.

  • Purchase and Sale of Shares Closing 2.01. Purchase and Sale of the Shares........................................................................... 10 2.02.

  • Purchase and Sale of Shares and Warrants Subject to the satisfaction (or waiver) of the conditions to Closing set forth in this Agreement and the Escrow Agreement, each Subscriber shall purchase the Shares and Warrants for the portion of the Purchase Price indicated on the signature page hereto, and the Company shall sell such Shares and Warrants to the Subscriber. The Purchase Price for the Shares and Warrants shall be paid in cash. The entire Purchase Price shall be allocated to the Shares.

  • Issuance and Sale of Shares The Company agrees that, from time to time during the term of this Agreement, on the terms and subject to the conditions set forth herein, it may issue and sell through or to the Agent, as sales agent or principal, shares (the “Placement Shares”); of the Company’s ordinary shares, par value NIS 0.0000769 per share (the “Ordinary Shares”); provided however, that in no event shall the Company issue or sell through the Agent such number of Placement Shares that (a) exceeds the number of shares or dollar amount of Ordinary Shares registered on the effective Registration Statement (as defined below) pursuant to which the offering is being made or (b) exceeds the number of shares or dollar amount registered on the Prospectus (as defined below) (the lesser of (a) or (b) the “Maximum Amount”) and provided further, however, that in no event shall the aggregate number of Placement Shares sold pursuant to this Agreement exceed the number of authorized but unissued Ordinary Shares. The issuance and sale of Placement Shares through the Agent will be effected pursuant to the Registration Statement (as defined below), although nothing in this Agreement shall be construed as requiring the Company to use the Registration Statement to issue any Placement Shares. The Company has filed, in accordance with the provisions of the Securities Act of 1933, as amended and the rules and regulations thereunder (the “Securities Act”), with the Securities and Exchange Commission (the “Commission”), a registration statement on Form F-3 (File No. 333-239843), including a base prospectus, relating certain securities including the Placement Shares to be issued from time to time by the Company, and which incorporates by reference documents that the Company has filed or will file in accordance with the provisions of the Securities Exchange Act of 1934, as amended and the rules and regulations thereunder (the “Exchange Act”). The Company has prepared or will prepare a prospectus or prospectus supplement to the base prospectus included as part of such registration statement specifically relating to the Placement Shares (the “Prospectus Supplement”). The Company will furnish to the Agent, for use by the Agent, copies of the base prospectus included as part of such registration statement, as supplemented by the Prospectus Supplement, relating to the Placement Shares. Except where the context otherwise requires, such registration statement, and any post-effective amendment thereto, including all documents filed as part thereof or incorporated by reference therein, and including any information contained in a Prospectus (as defined below) subsequently filed with the Commission pursuant to Rule 424(b) under the Securities Act or deemed to be a part of such registration statement pursuant to Rule 430B of the Securities Act, or any subsequent registration statement on Form F-3 filed pursuant to Rule 415(a)(6) under the Securities Act by the Company to cover any Placement Shares, is herein called the “Registration Statement.” The base prospectus, including all documents incorporated or deemed incorporated therein by reference to the extent such information has not been superseded or modified in accordance with Rule 412 under the Securities Act (as qualified by Rule 430B(g) of the Securities Act), included in the Registration Statement, as it may be supplemented by the Prospectus Supplement, in the form in which such base prospectus and/or Prospectus Supplement have most recently been filed by the Company with the Commission pursuant to Rule 424(b) under the Securities Act is herein called the “Prospectus.” Any reference herein to the Registration Statement, the Prospectus or any amendment or supplement thereto shall be deemed to refer to and include the documents incorporated by reference therein, and any reference herein to the terms “amend,” “amendment” or “supplement” with respect to the Registration Statement or the Prospectus shall be deemed to refer to and include the filing after the execution hereof of any document with the Commission incorporated by reference therein (the “Incorporated Documents”). For purposes of this Agreement, all references to the Registration Statement, the Prospectus or to any amendment or supplement thereto shall be deemed to include the most recent copy filed with the Commission pursuant to its Electronic Data Gathering Analysis and Retrieval System, or if applicable, the Interactive Data Electronic Application system when used by the Commission (collectively, “XXXXX”).

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