Common use of Purchase and Sale of Preferred Shares Clause in Contracts

Purchase and Sale of Preferred Shares. Subject to the terms hereof, the Company agrees to issue and sell to Purchaser, and Purchaser hereby agrees to purchase from the Company, One Thousand Two Hundred Fifty (1,250) Preferred Shares, at a purchase price of One Thousand Dollars ($1,000.00) per One Thousand Dollars ($1,000) in stated value per share. The Purchaser shall acquire the Preferred Shares on the Closing Date in an aggregate principal amount of One Million Two Hundred Fifty Thousand Dollars ($ 1,250,000) (the "Purchase Price").

Appears in 1 contract

Samples: Subscription and Securities Purchase Agreement (Avitar Inc /De/)

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Purchase and Sale of Preferred Shares. Subject to the terms hereof, the Company agrees to issue and sell to Purchaser, and Purchaser hereby agrees to purchase from the Company, One Two Thousand Two Five Hundred Fifty (1,2502,500) Preferred Shares, at a purchase price of One Thousand Dollars ($1,000.00) per One Thousand Dollars ($1,000) in stated value per share. The Purchaser shall acquire the Preferred Shares on the Closing Date in an aggregate principal amount of One Two Million Two Five Hundred Fifty Thousand Dollars ($ 1,250,000$2,500,000.00) (the "" Purchase PricePrice ").

Appears in 1 contract

Samples: Subscription and Securities Purchase Agreement (Speedemissions Inc)

Purchase and Sale of Preferred Shares. Subject to the terms hereof, the Company agrees to issue and sell to Purchaser, and Purchaser hereby agrees to purchase from the Company, One Thousand Two Seven Hundred Fifty (1,2501,750) Preferred Shares, at a purchase price of One Thousand Nine Hundred Fifty Dollars ($1,000.00950.00) per One Thousand Dollars ($1,000) in stated value per share. The Purchaser shall acquire the Preferred Shares on the Closing Date in an aggregate principal amount of One Million Two Seven Hundred Fifty Thousand Dollars ($ 1,250,000$1,750,000.00) (the "β€œPurchase Price"”).

Appears in 1 contract

Samples: Subscription And (Next Inc/Tn)

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Purchase and Sale of Preferred Shares. Subject to the terms hereof, the Company agrees to issue and sell to Purchaser, and Purchaser hereby agrees to purchase from the Company, One Thousand Two Hundred Fifty (1,2501,000) Preferred Shares, at a purchase price of One Thousand Dollars ($1,000.00) per One Thousand Dollars ($1,000) in stated value per share. The Purchaser shall acquire the Preferred Shares on the Closing Date in an aggregate principal amount of One Million Two Hundred Fifty Thousand Dollars ($ 1,250,000$1,000,000.00) (the "Purchase Price").. 2.2

Appears in 1 contract

Samples: Subscription and Securities Purchase Agreement (Avitar Inc /De/)

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