Common use of Purchase and Sale of Series D Preferred Stock Clause in Contracts

Purchase and Sale of Series D Preferred Stock. On the Closing Date, the Company agrees to deposit with the Escrow Agent, to be held in escrow in accordance with the terms of the Escrow Agreement and to be released to the Purchasers on the Escrow Release Date, and each Purchaser, severally and not jointly, agrees to purchase from the Company on the Escrow Release Date subject only to the terms and provisions of the Escrow Agreement, the aggregate number of shares of Series D Preferred Stock set forth opposite such Purchaser's name on Schedule 2.1 hereto, for the aggregate purchase price set forth opposite such Purchaser's name on Schedule 2.1 hereto which is being deposited by each such Purchaser with the Escrow Agent not later than 5:00 p.m., New York City time, on November 9, 2001, to be distributed in accordance with the terms of the Escrow Agreement (all of the shares of Series D Preferred Stock being purchased pursuant hereto being referred to herein as the "Purchased Shares").

Appears in 2 contracts

Samples: Stock and Warrant Purchase and Exchange Agreement (Critical Path Inc), Stock and Warrant Purchase and Exchange Agreement (Vectis Cp Holdings LLC)

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Purchase and Sale of Series D Preferred Stock. On the Closing Date, the Company agrees to deposit with the Escrow Agent, to be held in escrow in accordance with the terms of the Escrow Agreement and to be released to the Purchasers on the Escrow Release Date, and each Purchaser, severally and not jointly, agrees to purchase from the Company on the Escrow Release Date subject only to the terms and provisions of the Escrow Agreement, the aggregate number of shares of Series D Preferred Stock set forth opposite such Purchaser's name on Schedule SCHEDULE 2.1 hereto, for the aggregate purchase price set forth opposite such Purchaser's name on Schedule SCHEDULE 2.1 hereto which is being deposited by each such Purchaser with the Escrow Agent not later than 5:00 p.m., New York City time, on November 9, 2001, to be distributed in accordance with the terms of the Escrow Agreement (all of the shares of Series D Preferred Stock being purchased pursuant hereto being referred to herein as the "Purchased SharesPURCHASED SHARES").

Appears in 1 contract

Samples: Stock and Warrant Purchase and Exchange Agreement (General Atlantic Partners LLC)

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Purchase and Sale of Series D Preferred Stock. On the Closing --------------------------------------------- Date, the Company agrees to deposit with the Escrow Agent, to be held in escrow in accordance with the terms of the Escrow Agreement and to be released to the Purchasers on the Escrow Release Date, and each Purchaser, severally and not jointly, agrees to purchase from the Company on the Escrow Release Date subject only to the terms and provisions of the Escrow Agreement, the aggregate number of shares of Series D Preferred Stock set forth opposite such Purchaser's name on Schedule 2.1 hereto, for the aggregate purchase price set forth opposite such ------------ Purchaser's name on Schedule 2.1 hereto which is being deposited by each such ------------ Purchaser with the Escrow Agent not later than 5:00 p.m., New York City time, on November 9, 2001, to be distributed in accordance with the terms of the Escrow Agreement (all of the shares of Series D Preferred Stock being purchased pursuant hereto being referred to herein as the "Purchased Shares").. ----------------

Appears in 1 contract

Samples: Stock and Warrant Purchase and Exchange Agreement (Critical Path Inc)

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