Subscription Obligation Sample Clauses

Subscription Obligation. (a) Subject to the terms and conditions set forth herein, each Investor, severally and not jointly, irrevocably subscribes for and commits to purchase from the Company that number of Series A Shares set forth opposite such Investor’s name on Schedule 2.1 (the “Subscription Obligation”) at such times and in such amounts as are determined in accordance with Section 3.1, and at such times, the Company shall issue and sell to each Investor, such number of Series A Shares, for a purchase price of $10.00 per Series A Share.
Sample 1Sample 2
AutoNDA by SimpleDocs
Subscription Obligation. Upon the terms and subject to the conditions of this Agreement, the Participant hereby agrees that, as of [DATE] (the “Share Ownership Assessment Date”), the Participant’s Owned Number of Common Shares shall be no less than the “Subscription Amount” (as defined in Annex A to this Agreement). For purposes of this Agreement, the Participant’s “Owned Number of Common Shares” shall mean the number of shares Class A Common Stock with respect to which the Participant is the shareholder of record, but shall not include any compensatory awards that have not yet either become vested or been distributed as shares of Class A Common Stock.
Sample 1Sample 2
Subscription Obligation. (a) Subject to the terms and conditions set forth herein, each Investor, severally and not jointly, irrevocably subscribes for and commits to purchase from the Company that number of Series A Shares set forth opposite such Investor’s name on Schedule 2.1 (the “Subscription Obligation”) at such times and in such amounts as are determined in accordance with Section 3.1, and at such times, the Company shall issue and sell to each Investor, such number of Series A Shares, for a purchase price of $10.00 per Series A Share. Notwithstanding the foregoing, upon the occurrence of a Termination Event (as defined in the Investor’s Restricted Stock Agreement with the Company) with respect to an Investor occurring as a result of (i) a termination by the Company without Cause (as defined in such Restricted Stock Agreement), (ii) a termination by the Investor for Good Reason (as defined in such Restricted Stock Agreement) or (iii) the death or disability of the Investor, such Investor shall no longer be obligated or permitted to purchase any Series A Shares in satisfaction of his or its, as the case may be, Subscription Obligation unless within thirty (30) days of the date such Termination Event occurred the Investor delivers to the Company notice of his or its election to continue purchasing Series A Shares in satisfaction of his or its Subscription Obligation. In the event the Investor fails to deliver such notice within such thirty (30) day period (a “Purchase Termination Event”), such Investor shall be deemed to have forfeited the right to satisfy his or its Subscription Obligation.
Sample 1
Subscription Obligation. (a) The Investor agrees to subscribe for the Subscription Shares at an issue price of $0.0008 per Share for a total subscription price of $4,650,000 in the manner set out in this clause 3.
Sample 1

Related to Subscription Obligation

  • Conditions to the Obligations of Purchaser The obligations of Purchaser to consummate the transactions contemplated hereby to occur at the Closing are subject to the satisfaction of each the following conditions, unless waived in whole or in part in writing by Purchaser:

  • Conditions Precedent to the Obligations of Purchaser The obligations of Purchaser to consummate the transactions contemplated by this Agreement are subject to the fulfillment, on or prior to the Closing Date, of each of the following conditions, any of which may be waived in writing by Purchaser in its sole discretion:

  • Rights and Obligations Survive Exercise of Warrant Unless otherwise provided herein, the rights and obligations of the Company, of the holder of this Warrant and of the holder of the Shares issued upon exercise of this Warrant, shall survive the exercise of this Warrant.

  • Conditions to the Obligations of the Purchasers The obligation of each Purchaser to purchase and pay for the Preferred Shares being purchased by it on the Closing Date is, at its option, subject to the satisfaction, on or before the Closing Date, of the following conditions:

  • Conditions to the Obligations of Buyer The obligation of Buyer to consummate the transactions contemplated by this Agreement is subject to the satisfaction of the following conditions, any one or more of which may be waived in writing by Buyer:

  • CONDITIONS PRECEDENT TO THE OBLIGATIONS OF BUYER All obligations of Buyer under this Agreement are subject to the fulfillment, prior to or at the Closing, of each of the following conditions, any or all of which may be waived in whole or in part in writing by Buyer:

  • Conditions to the Obligations of the Purchaser The obligations of the Purchaser under this Agreement shall be subject to the satisfaction of each of the following conditions unless waived in writing by the Purchaser:

Time is Money Join Law Insider Premium to draft better contracts faster.