Common use of Purchase and Sale of the Shares and the Warrant Clause in Contracts

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the Purchaser, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares and the Warrant shall be an amount in cash equal to Forty-One Million Four Hundred Thousand Dollars ($41,400,000) (the “Purchase Price”).

Appears in 2 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement (Premierwest Bancorp)

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Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the Purchaser, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares, including all accrued and unpaid dividends on the Shares through and including the Closing Date, and the Warrant shall be an amount in cash equal to Forty-One Eight Million Four Hundred Thousand Dollars ($41,400,0008,000,000) (( the “Purchase Price”).

Appears in 2 contracts

Samples: Securities Purchase Agreement (1st Financial Services CORP), Agreement and Plan of Merger

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the PurchaserCompany, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares and the Warrant shall be an amount in cash equal to FortyEighty-One Million Four Hundred Thousand Dollars ($41,400,00081,000,000) (the "Purchase Price").

Appears in 1 contract

Samples: Securities Purchase Agreement (Independent Bank Corp /Mi/)

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the PurchaserCompany, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares and the Warrant shall be an amount in cash equal to Forty-One Three Million Four Hundred Thousand Dollars ($41,400,0003,000,000.00) (the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement (Central Federal Corp)

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the Purchaser, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares and the Warrant shall be an amount in cash equal to Forty-One Million Four Hundred Thousand Dollars ($41,400,000) 16,250,000.00 (the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement

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Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the PurchaserCompany, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares Shares, including any and all accrued and unpaid dividends, and the Warrant shall be an amount in cash equal to Forty-One Three Million Two Hundred Ninety Four Thousand Seven Hundred Thousand Fifty Dollars ($41,400,0003,294,750.00) (the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement (Bank of the Carolinas CORP)

Purchase and Sale of the Shares and the Warrant. Subject to, and on the terms and conditions of, this Agreement, effective at the Closing, the Purchaser Company will purchase from the Seller, and the Seller will sell, transfer, convey, assign and deliver to the PurchaserCompany, all of the Shares and the Warrant, free and clear of all Liens. The aggregate purchase price for the Shares Shares, including any and all accrued and unpaid dividends, and the Warrant shall be an amount in cash equal to FortyOne Hundred Twenty-One Million Four Eight Thousand Nine Hundred Thousand Fifty Dollars ($41,400,000128,950.00) (the “Purchase Price”).

Appears in 1 contract

Samples: Securities Purchase Agreement (HCSB Financial Corp)

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