Common use of SUBSCRIPTION FOR SECURITIES AND REPRESENTATIONS BY SUBSCRIBER Clause in Contracts

SUBSCRIPTION FOR SECURITIES AND REPRESENTATIONS BY SUBSCRIBER. 1.1. Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company the Shares of Common Stock for the Purchase Price and the Company agrees to sell such Shares to the Subscriber for the Purchase Price, subject to the Company's right to sell to the Subscriber such lesser number of Shares as it may, in its sole discretion, deem necessary or desirable. As the Company will not issue fractional Shares, each Subscriber will be issued that number of whole Shares which the Purchase Price will purchase (to the extent accepted), rounded down to the next whole Share. Any portion of the Purchase Price not applied to the purchase of Shares will be returned to the Subscriber, without interest. The Purchase Price is payable, at or prior to the closing of this Agreement, by wire transfer, subject to collection, as set forth in the "INSTRUCTIONS TO SUBSCRIBERS" contained in the Subscription Documents Booklet of which this Agreement is a part.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Park City Group Inc), Common Stock Purchase Agreement (Park City Group Inc)

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SUBSCRIPTION FOR SECURITIES AND REPRESENTATIONS BY SUBSCRIBER. 1.1. Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company the Shares of Common Preferred Stock for the Purchase Price and the Company agrees to sell such Shares to the Subscriber for the Purchase Price, subject to the Company's right to sell to the Subscriber such lesser number of Shares as it may, in its sole discretion, deem necessary or desirable. As the Company will not issue fractional Shares, each Subscriber will be issued that number of whole Shares which the Purchase Price will purchase (to the extent accepted), rounded down to the next whole Share. Any portion of the Purchase Price not applied to the purchase of Shares will be returned to the Subscriber, without interest. The Purchase Price is payable, at or prior to the closing of this Agreement, by wire transfer, subject to collection, as set forth in the "INSTRUCTIONS TO SUBSCRIBERS" contained in the Subscription Documents Booklet of which this Agreement is a part.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gales Industries Inc)

SUBSCRIPTION FOR SECURITIES AND REPRESENTATIONS BY SUBSCRIBER. 1.1. Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company the Shares of Common Stock for Units having the Purchase Price (and the Company agrees to sell such Shares Units to the Subscriber for the Purchase Price), subject to the Company's ’s right to sell to the Subscriber such lesser number of Shares Units as it may, in its sole discretion, deem necessary or desirable. As the Company will not issue fractional Sharesshares of Common Stock, each Subscriber will be issued that number of whole Shares Units which the Purchase Price will purchase (to the extent accepted), rounded down to the next number of whole ShareUnits. Any portion of the Purchase Price not applied to the purchase of Shares Units will be returned to the Subscriber, without interest. The Purchase Price is payable, at or prior to the closing of this Agreement, by wire transfer, subject to collection, as set forth in the "INSTRUCTIONS TO SUBSCRIBERS" contained in the Subscription Documents Booklet of which this Agreement is a part.

Appears in 1 contract

Samples: Unit Purchase Agreement (SCOLR Pharma, Inc.)

SUBSCRIPTION FOR SECURITIES AND REPRESENTATIONS BY SUBSCRIBER. 1.1. Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company the Shares of Common Stock for the Purchase Price and the Company agrees to sell such Shares and issue Warrants in the amount referred to above to the Subscriber for the Purchase Price, subject to the Company's ’s right to sell to the Subscriber such lesser number of Shares (and issue a correspondingly smaller number of Warrants) as it may, in its sole discretion, deem necessary or desirable. As the Company will not issue fractional Shares, each Subscriber will be issued that number of whole Shares which the Purchase Price will purchase (to the extent accepted), rounded down to the next whole Share. Any portion of the Purchase Price not applied to the purchase of Shares will be returned to the Subscriber, without interest. The Purchase Price is payable, at or prior to the closing of this Agreement, by wire transfer, subject to collection, as set forth in the "INSTRUCTIONS TO SUBSCRIBERS" contained in the Subscription Documents Booklet of which this Agreement is a part.

Appears in 1 contract

Samples: Stock Purchase Agreement (Park City Group Inc)

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SUBSCRIPTION FOR SECURITIES AND REPRESENTATIONS BY SUBSCRIBER. 1.1. Subject to the terms and conditions hereinafter set forth, the Subscriber hereby subscribes for and agrees to purchase from the Company the Shares of Common Stock for Units having the Purchase Price (and the Company agrees to sell such Shares Units to the Subscriber for the Purchase Price), subject to the Company's ’s right to sell to the Subscriber such lesser number of Shares Units as it may, in its sole discretion, deem necessary or desirable. As the Company will not issue fractional Sharesshares of Common Stock, each Subscriber will be issued that number of whole Shares Units which the Purchase Price will purchase (to the extent accepted), rounded down to the next whole ShareUnits. Any portion of the Purchase Price not applied to the purchase of Shares Units will be returned to the Subscriber, without interest. The Purchase Price is payable, at or prior to the closing of this Agreement, by wire transfer, subject to collection, as set forth in the "INSTRUCTIONS TO SUBSCRIBERS" contained in the Subscription Documents Booklet of which this Agreement is a part.

Appears in 1 contract

Samples: Unit Purchase Agreement (Vaughan Foods, Inc.)

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