Purchase of Initial Notes Sample Clauses
The 'Purchase of Initial Notes' clause defines the terms under which an investor or purchaser acquires the first issuance of notes from the issuer. Typically, this clause outlines the quantity, price, and timing of the initial notes to be purchased, as well as any conditions precedent that must be satisfied before the transaction is completed. By clearly specifying these terms, the clause ensures both parties understand their obligations and helps prevent disputes regarding the initial sale of the notes.
Purchase of Initial Notes. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6(a) and 7(a) below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase from the Company on the Initial Closing Date (as defined below) an Initial Note in the original principal amount as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers (the “Initial Closing”).
Purchase of Initial Notes. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally, but not jointly, agrees to purchase for the Purchase Price as is set forth opposite such Buyer’s name in column (5) on the Schedule of Buyers from the Company on the Initial Closing Date (as defined in Section 1(b) below) a Note in the original principal amount as is set forth opposite such Buyer’s name in column (3) on the Schedule of Buyers, and the number of Commitment Shares set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers at the Nominal Value per Commitment Share. In connection with any subsequent purchase directed by the Lead Buyer in accordance with the terms and conditions set forth herein and in the other Transaction Documents of an Additional Note, the Company shall issue to the Lead Buyer per $100,000,000 of Additional Notes Commitment Shares equal to such number of Ordinary Shares based on the Commitment Shares Calculation against payment of the Nominal Value per such Commitment Share by the Lead Buyer (together with the Additional Notes, such securities, the “Commitment Securities,” and the right of the Lead Buyer to purchase the Commitment Securities, the “Commitment Securities Right”).
Purchase of Initial Notes. The Purchasers shall not be required to purchase the Initial Notes hereunder unless the Company has satisfied each of the following conditions: