SALE AND PURCHASE OF DEBENTURE Sample Clauses

SALE AND PURCHASE OF DEBENTURE. Section 2 is hereby deleted in its entirety and the following is substituted therefor: "Subject to the terms and conditions of this Agreement, the Company will issue and sell to Purchaser and Purchaser will purchase from the Company, at the Closing, Additional Closings and Additional Discretionary Purchase Closings provided for in Section 3, Debentures in the principal amount and in the Series specified in EXHIBITS 1 through 18, at the purchase price of 100% of the principal amount thereof, and Reference Rate of interest, redemption and conversion rights and other terms and conditions as provided therein."
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SALE AND PURCHASE OF DEBENTURE. Subject to the terms and conditions of this Agreement, the Company will issue and sell to Purchaser and Purchaser will purchase from the Company, at the Closing and Additional Closings provided for in Section 3, Debentures in the principal amount and in the Series specified in EXHIBITS 1 through 6, at the purchase price of 100% of the principal amount thereof, and Reference Rate of interest, redemption and conversion rights and other terms and conditions as provided therein.
Sample 1Sample 2
SALE AND PURCHASE OF DEBENTURE. Subject to the terms and conditions hereof, the Company agrees to sell to the Investor, and the Investor agrees to purchase from the Company, a 5% Convertible Debenture in the form attached hereto as EXHIBIT A (the "DEBENTURE") in the principal amount of $___________ (the "PRINCIPAL AMOUNT") at the purchase price of $___________. The Debenture will bear interest at a rate of 5% per annum ("INTEREST"). On ________________ (the "MATURITY DATE"), the unpaid Principal Amount and Interest will be automatically converted into shares of Common Stock at a conversion price of $0.75 per share after giving effect to the reverse stock split upon the Recapitalization and subject to adjustment as set forth in the Debenture (the "CONVERSION PRICE"), unless converted into shares Common Stock pursuant to Section 2 before the Maturity Date.
Sample 1
SALE AND PURCHASE OF DEBENTURE. Upon the terms and subject to the satisfaction of the conditions set forth herein, the Seller hereby agrees to sell, convey and assign to the Purchaser, and the Purchaser hereby agrees to purchase and acquire from the Seller, at the Closing (as hereinafter defined), the Debenture having an aggregate principal amount equal to the Outstanding Principal Amount or such lesser aggregate principal amount of the Debenture outstanding as of the Closing that may have been reduced from time to time by the Company solely as a result of the Company's redemption obligations pursuant to Paragraph 1 of the Brocx Xxxd Amendment (the "Closing Date Principal Amount"), free and clear of all Liens (as hereinafter defined), in exchange for the payment of the total purchase price equal to the sum of: (A) the Closing Date Principal Amount; (B) an amount equal to the product of (i) ten percent (10%) and (ii) the Closing Date Principal Amount; and (C) all accrued interest due and owing on the Debenture as of and including the date of the Closing calculated in accordance with the terms and conditions of the Brocx Xxxd Purchase Agreement (collectively, the "Purchase Price").
Sample 1
SALE AND PURCHASE OF DEBENTURE. Subject to the terms and conditions hereof, the Company agrees to sell to the Investor, and the Investor agrees to purchase from the Company, a 5% Convertible Debenture in substantially the form attached hereto as EXHIBIT A (the "DEBENTURE") in the principal amount of $110,000 (the "PRINCIPAL AMOUNT") at the purchase price of $110,000. The purchase price will be paid in the form of $50,000 in cash and the cancellation of $60,000 of indebtedness owed by the Company to the Investor comprised of a promissory note in the principal amount of $50,000 plus accrued interest thereon of $10,000. The Debenture will bear interest at a rate of 5% per annum ("INTEREST"). On August 31, 2003 (the "MATURITY DATE"), the unpaid Principal Amount and Interest will be automatically converted into shares of Common Stock at a conversion price of $0.75 per share, subject to adjustment as set forth in the Debenture (the "CONVERSION PRICE"), unless converted into shares Common Stock pursuant to Section 2 before the Maturity Date.
Sample 1
SALE AND PURCHASE OF DEBENTURE. (a) Subject to the terms and conditions hereof and in reliance upon the representations and warranties of the Purchaser and the Company contained herein or made pursuant hereto, the Company agrees to sell to the Purchaser, and the Purchaser agrees to purchase from the Company, on the Closing Date, the Debenture in the aggregate principal amount of $3,000,000.00. The aggregate principal purchase price to be paid to the Company by the Purchaser for the Debenture is $3,000,000.00.
Sample 1

Related to SALE AND PURCHASE OF DEBENTURE

  • SALE AND PURCHASE OF NOTES Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each Purchaser will purchase from the Company, at the Closing provided for in Section 3, Notes in the principal amount specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder.

  • Sale and Purchase of Shares Upon the terms and subject to the conditions contained herein, on the Closing Date the Seller shall sell, assign, transfer, convey and deliver to the Purchaser, and the Purchaser shall purchase from the Seller, all of the Shares.

  • Sale and Purchase of the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement:

  • Purchase of Convertible Debentures Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally and not jointly, to purchase at Closing (as defined herein below) and the Company agrees to sell and issue to each Buyer, severally and not jointly, at Closing, Convertible Debentures in amounts corresponding with the Subscription Amount set forth opposite each Buyer's name on Schedule I hereto. Upon execution hereof by a Buyer, the Buyer shall wire transfer the Subscription Amount set forth opposite his name on Schedule I in same-day funds or a check payable to "Wachovia, N.A., as Escrow Agent for MobilePro Corp.,/ Cornell Capital Partners, LP ", which Subscription Amount shall be held in escrow pursuant to the terms of the Escrow Agreement (as hereinafter defined) and disbursed in accordance therewith. Notwithstanding the foregoing, a Buyer may withdraw his Subscription Amount and terminate this Agreement as to such Buyer at any time after the execution hereof and prior to Closing (as hereinafter defined).

  • Purchase of Notes and Warrants On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Notes and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.

  • Sale and Purchase of the Securities Upon the terms and subject to the conditions set forth in this Agreement and on the basis of the representations, warranties, covenants, agreements, undertakings and obligations contained herein, at the Closing (as defined in Section 2.1 hereof), Seller hereby agrees to sell to Purchaser, and Purchaser hereby agrees to purchase from Seller, the Securities, free and clear of any and all Liens (as defined in Section 8.11 hereof), for the consideration specified in this Article 1.

  • Sale and Purchase of Securities Subject to the terms and conditions hereof, the Company agrees to sell, and Purchaser irrevocably subscribes for and agrees to purchase, the number of Units set forth on the signature page of this Agreement at a purchase price of $15.00

  • Issuance and Purchase of the Notes (a) Delivery of the Funding Agreement and the Guarantee to the Custodian, on behalf of the Indenture Trustee, pursuant to the Assignment or execution of the cross receipt contained in the Closing Instrument shall be confirmation of payment by the Trust for the Funding Agreement.

  • Sale and Purchase On the basis of the representations, warranties and agreements herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell the Firm Shares to the Underwriters, and the Underwriters agree to purchase from the Company the number of Firm Shares as set forth opposite the names of such Underwriters on Schedule C hereto. The Company has been advised by the Underwriters that they propose to make a public offering of the Shares as soon after this Agreement has become effective as in their judgment is advisable. The pricing terms of the purchase of the Firm Shares by the Underwriters and the pricing terms of the offering of the Firm Shares to the public are as set forth in Schedule A hereto. In addition, the Company hereby grants to the Underwriters the option to purchase, and upon the basis of the representations, warranties and agreements contained herein and subject to the terms and conditions herein set forth, the Underwriters shall have the right to purchase from the Company, all or a portion of the Option Shares, at the same purchase price per share to be paid by the Underwriters to the Company for the Firm Shares as set forth opposite the names of such Underwriters on Schedule C hereto. This option may be exercised by the Underwriters any time and from time to time on or before the thirtieth (30th) day following the date hereof, by written notice from the Representative to the Company, which notice may be by email (“Option Shares Notice”). The Option Shares Notice shall set forth the aggregate number of Option Shares as to which the option is being exercised, and the date and time when the Option Shares are to be delivered (such date and time being herein referred to as the “Option Closing Date”); provided, however, that the Option Closing Date may be the same date and time as the Closing Date (as defined below), but shall not be earlier than the Closing Date nor earlier than the second (2nd) business day after the date on which the option for Option Shares shall have been exercised no later than the tenth (10th) business day after the date of the Option Shares Notice. As of the Option Closing Date, the Company will issue and sell to the Underwriters, and the Underwriters will purchase, the number of Option Shares set forth in the Option Shares Notice.

  • Sale and Purchase of Equity Interest 1.1 授予权利 Option Granted 鉴于甲方向乙方支付了人民币10元作为对价，且乙方确认收到并认为该对价足够，乙方在此不可撤销地授予甲方在中国法律允许的前提下，按照甲方自行决定的行使步骤，并按照本合同第1.3条所述的价格，随时一次或多次从乙方购买或指定一人或多人（“被指定人”）从乙方购买其现在和将来所持有的丙方的全部和/或部分股权（无论乙方出资额或持股比例将来是否发生变化）的一项不可撤销的专有权（“股权购买权”）。除甲方和被指定人外，任何第三人均不得享有乙方股权的购买权或其他与乙方股权有关的权利。丙方特此同意乙方向甲方授予股权购买权。本款及本合同所规定的“人”指个人、公司、合营企业、合伙、企业、信托或任何其他经济组织。 In consideration of the payment of RMB10.00 by Party A, the receipt and adequacy of which is hereby acknowledged by Party B, Party B hereby irrevocably grants Party A an irrevocable and exclusive right to purchase, or designate one or more persons (each, a “Designee”) to purchase the equity interests in Party C now or then held by Party B (regardless whether Party B’s capital contribution and/or percentage of shareholding is changed or not in the future) once or at multiple times at any time in part or in whole at Party A's sole and absolute discretion to the extent permitted by Chinese laws and at the price described in Section 1.3 herein (such right being the “Equity Interest Purchase Option”). Except for Party A and the Designee(s), no other person shall be entitled to the Equity Interest Purchase Option or other rights with respect to the equity interests of Party B. Party C hereby agrees to the grant by Party B of the Equity Interest Purchase Option to Party A. The term “person” as used herein shall refer to individuals, corporations, partnerships, partners, enterprises, trusts or any other type of economic entity.

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