Upfront Purchase definition
Examples of Upfront Purchase in a sentence
The compensation to Seller for the performance of its obligations as Servicer of the Purchased Receivable is included in the payment of the Upfront Purchase Price for the Purchased Receivable.
Upon the terms and subject to the conditions of this Agreement, at the Closing (as defined below), ▇▇▇▇▇▇ agrees to sell to Buyer, and ▇▇▇▇▇ agrees to purchase from Seller, the Sale Shares for the Upfront Purchase Price (as defined below).
With respect only to the Company’s obligation to issue and sell the Upfront Purchase Shares, the cash purchase price for the Upfront Purchase Shares shall have been delivered to the Company on the Closing Date.
The Upfront Purchase Price shall be due and payable upon Closing by BII to MabVax Therapeutics Holdings Inc.
Intrexon acknowledges that the First Tranche Shares, Second Tranche Shares and Upfront Purchase Shares are restricted securities and must be held indefinitely unless subsequently registered under the Securities Act or the Company receives an opinion of counsel reasonably satisfactory to the Company that such registration is not required.
The Upfront Purchase Price shall be non-refundable and non-creditable, except as set forth in Section 7.
For the avoidance of doubt, the Upfront Purchase Price includes an amount equal to the Purchaser Equity Amount.
TIS and Toyo further agree that payment of the Upfront Purchase Price as set forth in Section 2.2 hereof shall be in US Dollars and payment of the Annual Payment of five percent (5%) of the total annual sale of TISJ as set forth in Section 2.2 hereof shall be in Japanese yen.
Each Subsequent Upfront Purchase shall be made pursuant to and in accordance with a Purchase and Sale Agreement.
The Upfront Purchase Price paid on the Purchase Date reflects a reduction for the Transaction Fees and DPP Expenses.