Subscription and issue Clause Samples
The 'Subscription and issue' clause defines the process by which investors agree to purchase shares and the company issues those shares to them. It typically outlines the steps required for investors to subscribe, such as submitting application forms and payment, and specifies the conditions under which the company will allot and issue the new shares. This clause ensures that both parties understand the formalities and timing involved in the share issuance process, thereby providing clarity and reducing the risk of disputes regarding the allocation of shares.
Subscription and issue. On the Issue Date, the Noteholder must subscribe for, and S▇▇▇▇▇▇▇ must issue to the Noteholder, such number of Notes specified in Item 3 of Schedule 1 and the Noteholder must pay to SharonAI, in Immediately Available Funds (to the account as notified by S▇▇▇▇▇▇▇ to the Noteholder) an amount equal to the Face Value of each Note subscribed for, upon and subject to the terms of this agreement.
Subscription and issue. Subject to the terms and conditions of this agreement, the Investor agrees to subscribe for, and the Company agrees to allot and issue to the Investor (or its nominees), the Subscription Shares in the following tranches:
(a) (Tranche 1): on 25 February 2019, 2,000,000 Subscription Shares to be issued at the Subscription Price;
(b) (Tranche 2): on 8 April 2019, 1,666,667 Subscription Shares to be issued at the Subscription Price;
(c) (Tranche 3): on 20 May 2019, 1,666,667 Subscription Shares to be issued at the Subscription Price;
(d) (Tranche 4): on 1 July 2019, 1,666,667 Subscription Shares to be issued at the Subscription Price;
(e) (Tranche 5): on 12 August 2019, 1,666,667 Subscription Shares to be issued at the Subscription Price; and
(f) (Tranche 6): on 23 September 2019, 1,333,333 Subscription Shares to be issued at the Subscription Price, (together, the Tranches).
Subscription and issue. The Company agrees to issue, and the Noteholder agrees to subscribe for, the Subscription Notes on the terms and conditions of this document.
Subscription and issue. Subject to the satisfaction of the Conditions in accordance with clause 2.1, the Subscriber will subscribe for, and the Company will issue to the Subscriber, the Subscription Securities on the terms and conditions set out in this Agreement.
Subscription and issue. Subject to all of the terms and conditions of this Agreement, and in reliance on the representations, warranties, covenants and other agreements set forth herein, at the Closing (as defined below), (i) the Company shall issue to each Purchaser the respective number of Series A Preferred Shares set forth opposite such Purchaser’s name on Exhibit A in the column labeled “Purchased Shares” (collectively, the “Purchased Shares”), in each case for $2.00 per Series A Preferred Share, resulting in an aggregate purchase price for the Series A Preferred Shares issued pursuant to this Agreement of $40,000,000 (the “Aggregate Purchase Price”), and (ii) each Purchaser shall subscribe for and purchase such number of Series A Preferred Shares and pay the portion of the Aggregate Purchase Price set forth opposite such Purchaser’s name on Exhibit A in the column labeled “Purchase Price”, by wire transfer in immediately available funds.
Subscription and issue. On the Subscription Date the Subscriber must subscribe for, and the Issuer must issue to the Subscriber, such number of Notes specified in Item 3 of Schedule 1, upon and subject to the terms of this deed.
Subscription and issue. Hartree (or its Nominee) has agreed to subscribe for, and MYL has agreed to issue Hartree (or its Nominee), the New MYL Shares on the terms and conditions set out in this Agreement.
Subscription and issue. (a) The Noteholder agrees to subscribe for a convertible note with a face value of $500,000 by payment of the issue price of $500,000 by direct debit into a bank account nominated by Global Doctor within 5 Business Days hereof.
(b) On the date of the receipt of the funds pursuant to clause 2.1(a) ("Date of Issue"), Global Doctor will issue the Note to the Noteholder on the terms and conditions set out herein.
Subscription and issue