PURCHASER'S COMMITMENTS Sample Clauses
PURCHASER'S COMMITMENTS. 5.1 Upon and subject to the completion of the transactions contemplated herein, the Purchaser will provide a commitment in a form satisfactory to the principal shareholders of the Company, acting reasonably:
(a) to invest up to Three Million Five Hundred Thousand ($3,500,000) Dollars in the Company during the Twelve (12)-month period after Closing, to be applied for the purpose of implementing the Company's' business plan with the intention that One Million ($1,000,000) Dollars is to be invested on or about December 15, 1999;
(b) to investigate the opportunities for, and the logistics of. setting up online trading in Europe; and
(c) to retain all current employees, consultants and licensed staff of the Company at current salaries for a minimum of Twenty (24) months after closing subject to the right to terminate any such employees for cause.
PURCHASER'S COMMITMENTS. Subject to the conditions and terms hereof, on the Acquisition Date, the Lessor will deliver to each Purchaser the Notes of the series to be purchased by such Purchaser in the form of a single Note of such series (or such greater number of Notes of such series in denominations of at least $10,000 as such Purchaser may request) dated the Acquisition Date and registered in such Purchaser's name (or in the name of such Purchaser's nominee), against delivery by such Purchaser to the Lessor or its order of immediately available funds in the amount of the purchase price therefor by wire transfer of immediately available funds for the account of the Lessor. If on the Acquisition Date the Lessor shall fail to tender such Notes to any Purchaser as provided above in this Section 3.3, or any of the conditions specified in Section 6.1 shall not have been fulfilled to any Purchaser's satisfaction, such Purchaser shall, at its election, be relieved of all further obligations under this Participation Agreement and the other Operative Documents, without thereby waiving any rights such Purchaser may have by reason of such failure or such nonfulfillment. Notwithstanding any other provision hereof, no Purchaser shall be obligated to purchase any Note if, after giving effect to such proposed purchase, the aggregate principal amount of Notes purchased by such Purchaser would exceed such Purchaser's Commitment.
PURCHASER'S COMMITMENTS. Subject to the conditions and terms hereof and of the Receivables Purchase Agreement, on the Acquisition Date each Purchaser shall purchase an undivided percentage ownership interest in the Purchased Interests from the Lessor at the written request of the Lessee in an aggregate amount in immediately available funds equal to such Purchaser’s Pro Rata Share of such undivided percentage ownership interests. Notwithstanding any other provision hereof, no Purchaser shall be obligated to make any such purchase if, after giving effect to such purchase, the outstanding amount of such Purchaser’s Capital would exceed such Purchaser’s Commitment.