Common use of Purchase Mechanism Clause in Contracts

Purchase Mechanism. If the Focus Investor exercises its rights provided in this Section 4.5, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate approvals). The Company and the Focus Investor agree to use commercially reasonable efforts to secure any regulatory or corporate approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 6 contracts

Samples: Securities Purchase Agreement (Focus Media Holding LTD), Securities Purchase Agreement (Visionchina Media Inc.), Securities Purchase Agreement (Focus Media Holding LTD)

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Purchase Mechanism. If the Focus Investor exercises its rights provided in this Section 4.54.3, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall may be extended for a maximum of 180 30 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate stockholder approvals). The Each of the Company and the Focus Investor agree to use their commercially reasonable efforts to secure any regulatory or corporate stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 5 contracts

Samples: Investment Agreement (Coastal Financial Corp), Investment Agreement (Coastal Financial Corp), Investment Agreement (Coastal Financial Corp)

Purchase Mechanism. If the Focus Investor exercises its rights provided in this Section 4.54.7, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate shareholder approvals). The Company and the Focus Investor agree to use commercially reasonable efforts to secure any regulatory or corporate shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 3 contracts

Samples: Registration Rights Agreement (Cascade Bancorp), Registration Rights Agreement (Cascade Bancorp), Registration Rights Agreement (Cascade Bancorp)

Purchase Mechanism. If the Focus Investor exercises its Investors exercise their rights provided in this Section 4.54.3, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 20 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate stockholder approvals). The Each of the Company and the Focus Investor Investors agree to use their commercially reasonable efforts to secure any regulatory or corporate stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 3 contracts

Samples: Investment Agreement (Sterling Financial Corp /Wa/), Investment Agreement (Sterling Financial Corp /Wa/), Investment Agreement (Sterling Financial Corp /Wa/)

Purchase Mechanism. If the Focus either Investor exercises its rights provided in this Section 4.54, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days three (3) months at the election of the Investors in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate stockholder approvals). The Company and the Focus Investor agree agrees to use commercially its reasonable commercial efforts to secure any regulatory or corporate stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 3 contracts

Samples: Investors Rights Agreement (SWS Group Inc), Investors Rights Agreement (SWS Group Inc), Funding Agreement (Hilltop Holdings Inc.)

Purchase Mechanism. If the Focus Investor exercises its Investors exercise their rights provided in this Section 4.54.7, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 20 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 120 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate shareholder approvals). The Company and the Focus Investor Investors agree to use commercially reasonable efforts to secure any regulatory or corporate shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Brown Bernard A), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

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Purchase Mechanism. If the Focus Investor exercises its his rights provided in this Section 4.54.9, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate shareholder approvals). The Company and the Focus Investor agree to use commercially reasonable efforts to secure any regulatory or corporate shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cascade Bancorp), Registration Rights Agreement (Cascade Bancorp)

Purchase Mechanism. If the Focus Investor exercises its rights provided in this Section 4.54.7, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 20 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 120 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate shareholder approvals). The Company and the Focus Investor agree to use commercially reasonable efforts to secure any regulatory or corporate shareholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Sun Bancorp Inc /Nj/), Securities Purchase Agreement (Sun Bancorp Inc /Nj/)

Purchase Mechanism. If the Focus Investor exercises its rights provided in this Section 4.54.7, the closing of the purchase of the New Securities with respect to which such right has been exercised shall take place within 30 calendar days after the giving of notice of such exercise, which period of time shall be extended for a maximum of 180 days in order to comply with applicable laws and regulations (including receipt of any applicable regulatory or corporate stockholder approvals). The Company and the Focus Investor agree to use commercially reasonable efforts to secure any regulatory or corporate stockholder approvals or other consents, and to comply with any law or regulation necessary in connection with the offer, sale and purchase of, such New Securities.

Appears in 1 contract

Samples: Registration Rights Agreement (First Mariner Bancorp)

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