Securities Subscription Agreement Sample Clauses
A Securities Subscription Agreement is a contract outlining the terms under which an investor agrees to purchase securities, such as shares or bonds, from a company. This agreement typically specifies the number and type of securities being issued, the purchase price, payment terms, and any conditions precedent to the transaction. By clearly defining the rights and obligations of both the issuer and the subscriber, the agreement ensures that the investment process is transparent and legally binding, thereby reducing the risk of misunderstandings or disputes.
Securities Subscription Agreement. The Securities Subscription Agreement has been duly authorized, executed and delivered by the Company and the Sponsor, and is a valid and binding agreement of the Company and the Sponsor, enforceable against the Company and the Sponsor in accordance with its terms except as the enforceability thereof may be limited by bankruptcy, insolvency, or similar laws affecting creditors’ rights generally from time to time in effect and by equitable principles of general applicability.
Securities Subscription Agreement. On May 30, 2023, the Sponsor paid $25,000 to the Company to purchase 5,750,000 Founder Shares pursuant to a certain securities subscription agreement by and between the Company and the Sponsor (the “Securities Subscription Agreement”).
Securities Subscription Agreement. The Sponsor has executed and delivered a securities subscription agreement, the form of which is filed as an exhibit to the Registration Statement (the “Securities Subscription Agreement”), pursuant to which the Sponsor will, among other things, on the Closing Date (and the Option Closing Date, if any), consummate the purchase of and deliver the purchase price for the Placement Units as provided for in such Subscription Agreement. Pursuant to the Securities Subscription Agreement, (i) each Sponsor has waived any and all rights and claims each may have to any proceeds, and any interest thereon, held in the Trust Account in respect of the Placement Securities, and (ii) the proceeds from the sale of the Placement Securities will be deposited by the Company in the Trust Account in accordance with the terms of the Trust Agreement on the Closing Date as provided for in the Securities Subscription Agreement.
Securities Subscription Agreement. In August 2020, the Company issued 2,875,000 Founder Shares to the Sponsor of the Company for $25,000 pursuant to a certain securities subscription agreement by and between the Company and the Sponsor (the “Securities Subscription Agreement”).
Securities Subscription Agreement. Gentlemen: This agreement (this “Agreement”) is entered into on September 9, 2020 by and between Fortress Capital Acquisition Sponsor LLC, a Delaware limited liability company (the “Subscriber” or “you”), and Fortress Capital Acquisition Corp., a Cayman Islands exempted company (the “Company”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 8,625,000 Class B ordinary shares, $0.0001 par value per share (the “Shares”), up to 1,125,000 of which are subject to surrender and cancellation by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:
Securities Subscription Agreement. Gentlemen: This agreement (this “Agreement”) is entered into on February 15, 2021, by and between Catcha Holdings 2.0 LLC, a Cayman Island limited liability company (the “Subscriber” or “you”), and Catcha Investment Corp 2.0, a Cayman Island exempted company (the “Company”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to purchase 7,187,500 Class B ordinary shares, $0.0001 par value per share (the “Shares”), up to 937,500 of which are subject to forfeiture by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company do not fully exercise their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:
Securities Subscription Agreement. The Sponsor has executed and delivered a securities subscription agreement, dated August 7, 2020, (the “Securities Subscription Agreement”), pursuant to which the Sponsor, among other things, purchased an aggregate of 5,750,000 of the Company’s Class B ordinary shares, $0.0001 par value per share (up to 750,000 of which are subject to forfeiture depending on the extent to which the Over-allotment Option is exercised) (the “Founder Shares”).
Securities Subscription Agreement. Ladies and Gentlemen: We are pleased to accept the offer JTJT Partners LLC (the “Subscriber” or “you”) has made to purchase 3,593,750 shares of Class B common stock (the “Shares”), $0.0001 par value per share (the “Class B Common Stock” and together with all other classes of common stock of the Company (as defined below), the “Common Stock”), up to 468,750 Shares of which are subject to complete or partial forfeiture by you if the underwriters of the initial public offering (“IPO”) of SportsTek Acquisition Corp., a Delaware corporation (the “Company”), do not fully exercise their over-allotment option (the “Over-allotment Option”). The terms (this “Agreement”) on which the Company is willing to sell the Shares to the Subscriber, and the Company and the Subscriber’s agreements regarding such Shares, are as follows:
Securities Subscription Agreement. The Sponsor has executed and delivered a securities subscription agreement, dated August 7, 2020, (the “Securities Subscription Agreement”), pursuant to which the Sponsor, among other things, purchased an aggregate of 5,750,000 of the Company’s Class B ordinary shares, $0.0001 par value per share (up to 750,000 of which are subject to forfeiture depending on the extent to which the Over-allotment Option is exercised) (the “Founder Shares”). Subsequently, the Sponsor transferred an aggregate of 75,000 Founder Shares to the Company’s independent directors. On April 8, 2021, the Sponsor effected a forfeiture of 1,150,000 Founder Shares for no consideration such that the Sponsor currently holds 4,525,000 Founder Shares (up to 600,000 of which are subject to forfeiture depending on the extent to which the Over-allotment Option is exercised).
Securities Subscription Agreement. Each pension, deferred compensation and retirement allowance of each member of the Issuer Group to Employees has been administered in compliance with the applicable rules of employment and the Law, and the amounts payable in connection therewith are adequately reflected on the Financial Statements in accordance with GAAP applied on a consistent basis except to the extent failures to so administer or so reflect do not have a Material Adverse Effect.