Common use of Purchase Clause in Contracts

Purchase. On the terms and subject to the conditions set forth in this Agreement, the Credit Union agrees to sell to the Investor, and the Investor agrees to purchase from the Credit Union, at the Closing (as hereinafter defined), the Senior Subordinated Securities in the form attached hereto as Annex A, appropriately completed in conformity herewith and duly and validly issued, authorized and executed by the Credit Union, in the aggregate principal amount set forth on Schedule A for the purchase price set forth on Schedule A (the “Purchase Price”). The Senior Subordinated Securities, including the principal and interest, shall be unsecured and subordinate and junior in right of payment to Senior Indebtedness to the extent set forth in Article VII hereof.

Appears in 36 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement, Securities Purchase Agreement

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Purchase. On the terms and subject to the conditions set forth in this Agreement, the Credit Union Company agrees to sell to the Investor, and the Investor agrees to purchase from the Credit UnionCompany, at the Closing (as hereinafter defined), the Senior Subordinated Securities in the form attached hereto as Annex A, appropriately completed in conformity herewith and duly and validly issued, authorized and executed by the Credit UnionCompany, in the aggregate principal amount set forth on Schedule A for the purchase price set forth on Schedule A (the “Purchase Price”). The Senior Subordinated Securities, including the principal and interest, shall be unsecured and subordinate and junior in right of payment to Senior Indebtedness to the extent set forth in Article VII hereof.

Appears in 3 contracts

Samples: Securities Purchase Agreement, Securities Purchase Agreement, Letter Agreement

Purchase. On the terms and subject to the conditions set forth in this Agreement, the Credit Union agrees to sell to the Investor, and the Investor agrees to purchase from the Credit Unionpurchase, at the Closing (as hereinafter defined), the Senior Subordinated Securities Debt in the form attached hereto as Annex A, appropriately completed in conformity herewith and duly and validly issued, authorized and executed by the Credit Union, in the aggregate principal amount set forth on Schedule A for the purchase price set forth on Schedule A (the “Purchase Price”). The Senior Subordinated SecuritiesDebt, including the principal and interest, shall be unsecured and subordinate and junior in right of payment to Senior Indebtedness and other claims in the liquidation of the Credit Union to the extent set forth in Article VII hereof.

Appears in 1 contract

Samples: Securities Purchase Agreement

Purchase. On the terms and subject to the conditions set forth in this Agreement, the Credit Union agrees to sell to the Investor, and the Investor agrees to purchase from the Credit Unionpurchase, at the Closing (as hereinafter defined), the Senior Subordinated Securities Debt in the form attached hereto as Annex A, appropriately completed in conformity herewith and duly and validly issued, authorized and executed by the Credit Union, in the aggregate principal amount set forth on Schedule A for the purchase price set forth on Schedule A (the “Purchase Price”). The Senior Subordinated SecuritiesDebt, including the principal and interest, shall be unsecured and subordinate and junior in right of payment to Senior Indebtedness and other claims in the liquidation of the Credit Union to the extent set forth in Article VII hereof.hereof.‌‌‌

Appears in 1 contract

Samples: Securities Purchase Agreement

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Purchase. On the terms and subject to the conditions set forth in this Agreement, the Credit Union agrees to sell to the Investor, and the Investor agrees to purchase from the Credit Unionpurchase, at the Closing (as hereinafter defined), the Senior Subordinated Securities Debt in the form attached hereto as Annex A, appropriately completed in conformity herewith and duly and validly issued, authorized and executed by the Credit Union, in the aggregate principal amount set forth on Schedule A for the purchase price set forth on Schedule A (the “Purchase Price”). The Senior Subordinated SecuritiesDebt, including the principal and interest, shall be unsecured and subordinate and junior in right of payment to Senior Indebtedness and other claims in the liquidation of the Credit Union to the extent set forth in Article VII hereof.hereof.‌‌‌‌‌‌

Appears in 1 contract

Samples: Securities Purchase Agreement

Purchase. On the terms and subject to the conditions set forth in this Agreement, the Credit Union Bank agrees to sell to the Investor, and the Investor agrees to purchase from the Credit UnionBank, at the Closing (as hereinafter defined), the Senior Subordinated Securities in the form attached hereto as Annex A, appropriately completed in conformity herewith and duly and validly issued, authorized and executed by the Credit UnionBank, in the aggregate principal amount set forth on Schedule A for the purchase price set forth on Schedule A (the “Purchase Price”). The Senior Subordinated Securities, including the principal and interest, shall be unsecured and subordinate and junior in right of payment to Senior Indebtedness to the extent set forth in Article VII hereof.

Appears in 1 contract

Samples: Letter Agreement

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