PURCHASE PRICE AND EXERCISE Sample Clauses

PURCHASE PRICE AND EXERCISE. The price to be paid by Executive for the Shares shall be $.005 per share. Consideration to be paid by Executive for the Shares shall be in the form of cash, notes, cancellation of debt or any combination thereof. Executive shall exercise his right to purchase all or some of the Shares by delivering to the Company at its executive offices written notice of his intention to purchase which shall include the number of shares to be purchased and the nature of the consideration to be paid to the Company for the shares. Upon delivery of the written notice along with delivery of payment in the form as permitted by this paragraph, the Company shall as soon as is practicable cause to be delivered to Executive a certificate or certificates evidencing the number of shares to be issued to Executive. The parties acknowledge that as of the date of this agreement, the certificates presently held by the Company's transfer agent are in the name of BC Communications Inc., the Company's former name. The parties agree that, upon consent of both parties, the Company may issue to Executive a Share Receipt evidencing the number of shares being issued to Executive which shall be as valid as if the Company had issued to Executive a share certificate or certificates and shall fully vest in Executive all right title and interest in and to the shares being purchased by Executive. Company agrees that upon effectuating the issuance of new certificates reflecting the change of the Company's name, Company shall, upon the request of Executive, immediately cause to be issued to Executive the new certificates evidencing the Shares.
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PURCHASE PRICE AND EXERCISE. The price to be paid by Executive for the Shares shall be $.005 per share. Consideration to be paid by Executive for the Shares shall be in the form of cash, notes, cancellation of debt or any combination thereof. Executive shall exercise his right to purchase all or some of the Shares by delivering to the Company at its executive offices written notice of his intention to purchase which shall include the number of shares to be purchased and the nature of the consideration to be paid to the Company for the shares. Upon delivery of the written notice along with delivery of payment, the Company shall as soon as is practicable cause to be delivered to Executive a certificate or certificates evidencing the number of shares to be issued to Executive. The parties acknowledge that as of the date of this agreement, the certificates presently held by the Company's transfer agent are in the name of BC Communications Inc., the Company's former name. The parties agree that, upon consent of both parties, the Company may issue to Executive a Share Receipt evidencing the number of shares being issued to Executive which shall be as valid as if the Company had issued to Executive a share certificate or certificates and shall fully vest in Executive all right title and interest in and to the shares being purchased by Executive. Company agrees that upon effectuating the issuance of new certificates reflecting the change of the Company's name, Company shall, upon the request of Executive, immediately cause to be issued to Executive the new certificates evidencing the Shares.
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PURCHASE PRICE AND EXERCISE. This Certificate certifies that, for value received, Biomar International, Inc. (the "Purchaser"), is the owner of 2,971,429 Warrants, each of which Warrants entitles the owner thereof to purchase in increments of at least one hundred thousand dollars ($100,000) fully paid and nonassessable share subject to adjustment as provided in Section 5 of the Common Stock (the "Common Stock"), of Paracelsian, Inc., a Delaware corporation with its principal office in New York (the "Corporation"), upon surrender of this Warrant Certificate and payment of the Purchase Price specified herein, at the principal office of the Corporation. The purchase price per share (the "Purchase Price") shall initially be $0.175 per share (the "Initial Purchase Price"), and the number of shares of Common Stock initially issuable per Warrant shall be one (1) such share, all subject to adjustment as provided in Section 5. Warrants may be exercised within 90 days from the date the Common Stock and these Warrants are registered with the Securities and Exchange Commission ("SEC") as provided under the Registration Rights Agreement between the Corporation and the Purchaser of even date and are separately transferable, upon issuance, from shares of Common Stock. Upon surrender of this Warrant Certificate, and payment of the Purchase Price, the Corporation shall issue and cause to be delivered to the holder of this Warrant Certificate a certificate for the number of shares of Common Stock issuable for the Warrants then being exercised. Upon any exercise of Warrants evidenced hereby, the form of election to purchase set forth as Exhibit A shall be properly completed and executed. In the event that upon any exercise of Warrants evidenced hereby the number of Warrants exercised shall be less than the total number of Warrants evidenced hereby, there shall be issued to the holder hereof a new Warrant Certificate, evidencing the number of Warrants not exercised.
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Related to PURCHASE PRICE AND EXERCISE

  • Option Purchase Price Subject to Section 6.3(a)(iii) below, if ---- --------------------- the Management Investor shall be terminated by the Company with or without Cause or shall cease to be employed by the Company by reason of retirement or resignation, the "Option Purchase Price" for the Common Stock to be purchased from such Management Investor pursuant to the Purchase Option (such number of shares of Common Stock being the "Purchase Number") shall equal the price calculated as set forth in the table below opposite the applicable Termination Date of such Management Investor: Original Management Investors ----------------------------- If the Termination Occurs: Option Purchase Price -------------------------- --------------------- On or prior to July 29, 1995 Adjusted Cost Price multiplied by the Purchase Number After July 29, 1995 and on or Adjusted Cost Price multiplied by 80% of prior to July 29, 1996 the Purchase Number After July 29, 1996 and on or Adjusted Cost Price multiplied by 60% of prior to July 29, 1997 the Purchase Number After July 29, 1997 and on or Adjusted Cost Price multiplied by 40% of prior to July 29, 1998 the Purchase Number After July 29, 1998 and on or Adjusted Cost Price multiplied by 20% of prior to July 29, 1999 the Purchase Number New Management Investors ------------------------ If the Termination Date Occurs: Option Purchase Price ------------------------------- --------------------- On or prior to the first anniversary of the Adjusted Cost Price multiplied by the Closing Date Purchase Number After the first anniversary of the Closing Date, Adjusted Cost Price multiplied by 66 2/3% and on or prior to the second anniversary of the of the Purchase Number Closing Date After the second anniversary of the Closing Date, Adjusted Cost Price multiplied by 33 1/3% and on or prior to the third anniversary of the of the Purchase Number Closing Date As used herein, "Closing Date" for each New Management Investor means the date specified opposite such person's respective name on Schedule II hereto. Notwithstanding anything to the contrary contained herein, in connection with the exercise of any Purchase Option pursuant to Section 6.3, the Company may deduct from the Option Purchase Price paid to any Management Investor the aggregate amount of the outstanding principal and accrued but unpaid interest due on any Promissory Note of such Management Investor to the Company. As used herein, "Adjusted Cost Price" for each share of Common Stock means the original purchase price per share for the Management Investor's Common Stock as set forth in Section 1.1 (including any shares of Common Stock which have been converted into other shares of capital stock of the Company, and adjusted for any stock dividend payable upon, or subdivision or combination of, the Common Stock);

  • Payment of Purchase Price Upon Exercise At the time of any exercise, the Exercise Price of the Shares as to which this Option is exercised shall be paid in cash to the Company, unless, in accordance with the provisions of Section 4.2(c) of the Plan, the Board shall permit or require payment of the purchase price in another manner set forth in the Plan.

  • The Purchase Price Notwithstanding the termination of the Option, Grantee will be entitled to exercise its rights under this Section 6(c) if it has exercised such rights in accordance with the terms hereof prior to the termination of the Option.

  • Purchase Price and Payment Unless otherwise agreed in writing between the selling Investor Member and the Company, the price of Class A Investor Shares purchased and sold pursuant to this section 8.6 shall be ninety percent (90%) of the then-current value of such Class A Investor Shares as determined by the Company in accordance with its financial model. The purchase price shall be paid by wire transfer or other immediately available funds at closing, which shall be held within sixty (60) days following written notice from the Manager. P a g e | 17

  • Share Purchase Price The aggregate purchase price for the Purchased Shares (the "Share Purchase Price") will consist of the payment of an amount of cash, equal to $30.10 per Purchased Share, as set forth on Schedule I.

  • Purchase Price and Closing Subject to the terms and conditions hereof, the Company agrees to issue and sell to the Purchasers and, in consideration of and in express reliance upon the representations, warranties, covenants, terms and conditions of this Agreement, the Purchasers, severally but not jointly, agree to purchase the Units for an aggregate purchase price of up to $10,000,000 (the “Offering Amount”), at a per Unit purchase price of $4.00 per Unit (the “Purchase Price”). The closing of the purchase and sale of the Units to be acquired by the Purchasers from the Company under this Agreement shall take place at the offices of Xxxxxx & Jaclin, LLP, 000 Xxxxx 0 Xxxxx, Xxxxx 000, Xxxxxxxxx, XX 00000 (the “Closing”). Subject to the terms and conditions set forth in this Agreement, the date and time of the Closing shall be the Closing Date (or such later date as is mutually agreed to by the Company and Newbridge Securities Corporation (the “Placement Agent”)), provided, that all of the conditions set forth in Article IV hereof and applicable to the Closing shall have been fulfilled or waived in accordance herewith (the “Closing Date”). Subject to the terms and conditions of this Agreement, at the Closing the Company shall deliver or cause to be delivered to each Purchaser (x) a certificate for the number of Preferred Shares set forth opposite the name of such Purchaser on Exhibit A hereto, (y) its Warrants to purchase such number of shares of Common Stock as is set forth opposite the name of such Purchaser on Exhibit A attached hereto and (z) any other documents required to be delivered pursuant to Article IV hereof. At the Closing, each Purchaser shall deliver its Purchase Price by wire transfer to the escrow account pursuant to the Escrow General Agreement (as hereafter defined).

  • Purchase Price for Shares On the Closing Date, the Buyer shall pay to the Seller (to such account as the Seller shall nominate) the amount of US Dollars 33,500,000 (the “Purchase Price”) in exchange for the Shares, less any amounts paid as a deposit for the Shares under that certain Master Vessel Acquisition Agreement between the Buyer and Seller, dated as of July 24, 2014. The Buyer shall have no responsibility or liability hereunder for the Seller’s allocation and distribution of the Purchase Price among the Seller Entities.

  • Adjustment of Warrant Price and Number of Shares Issuable Upon Exercise The Warrant Price and the number of shares of Warrant Stock that may be purchased upon exercise of this Warrant shall be subject to adjustment from time to time as set forth in this Section 4. The Issuer shall give the Holder notice of any event described below which requires an adjustment pursuant to this Section 4 in accordance with the notice provisions set forth in Section 5.

  • Adjustment of Purchase Price and Number of Shares The number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities or property receivable or issuable upon exercise of this Warrant) and the Purchase Price are subject to adjustment upon occurrence of the following events:

  • Purchase Price The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

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