Unit Subscription Agreement Sample Clauses
A Unit Subscription Agreement is a legal contract through which an investor agrees to purchase a specified number of units—typically shares or interests—in a company or investment fund. This agreement outlines the terms of the subscription, such as the price per unit, payment procedures, and any conditions precedent to the issuance of the units. By clearly defining the rights and obligations of both the subscriber and the issuer, the agreement ensures that the process of raising capital is transparent and that both parties understand their commitments, thereby reducing the risk of disputes or misunderstandings.
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Unit Subscription Agreement. This Note is issued pursuant to the Unit Subscription Agreement, dated as of the date hereof, by and among the Company and the Holder (the “Subscription Agreement”). The Holder is subject to certain restrictions set forth in the Subscription Agreement and shall be entitled to certain rights and privileges set forth in the Subscription Agreement. This Note is one of the Notes referred to as the “Notes” in the Subscription Agreement. This Note is being issued in the series of similar promissory notes in connection with the Offering. Capitalized terms used but not otherwise defined shall have the meaning ascribed to such terms in the Subscription Agreement.
Unit Subscription Agreement. The Unit 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.