Purchase of Debentures and Warrants. On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Debentures and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.
Purchase of Debentures and Warrants. On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Debentures and number of Warrants as is set forth immediately below such Buyer’s name on the signature pages hereto, for an aggregate of One Hundred Fifty Thousand Dollars ($150,000) principal amount of Debentures and Warrants to purchase an aggregate of 10,000,000 shares of Common Stock.
Purchase of Debentures and Warrants. On the Closing Date (as defined below), the Company shall issue and sell to each Buyer and each Buyer severally and not jointly agrees to purchase from the Company such principal amount of Debentures and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.
Purchase of Debentures and Warrants. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to each Buyer, and each Buyer severally agrees to purchase from the Company, the respective principal amount of Debentures, together with the related Warrants, set forth opposite such Buyer's name on the Schedule of Buyers (the "Closing").
Purchase of Debentures and Warrants. The Subscriber hereby subscribes for the principal amount of Debentures and for the number of Warrants and at the aggregate purchase price set forth in Section 14. The closing of the purchase of such Debentures and Warrants (the "Closing Dates") shall take place in two (2) separate closings, the first of which is hereinafter referred to as the "First Closing", and the second of which is hereinafter referred to as the "Second Closing". Subject to the satisfaction (or waiver) of the conditions thereto set forth in Section 1.2 and 1.3 below: (i) at the First Closing, the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, seven-tenths of the aggregate principal amount of Debentures and all of the Warrants which the Subscriber is purchasing hereunder for consideration equal to seven-tenths of the Purchase Price, and (ii) at the Second Closing, the Company shall issue and sell to the Subscriber and the Subscriber shall purchase from the Company the remainder of the aggregate principal amount of Debentures which the Subscriber is purchasing hereunder for a price equal to the remainder of the Purchase Price.
Purchase of Debentures and Warrants. Upon the terms and subject to the satisfaction or waiver of the conditions set forth herein, the Company agrees to sell and each Investor agrees to purchase (i) a Debenture with a principal amount equal to the amount set forth below such Investor’s name on the signature pages hereof and (ii) a Warrant. The purchase price for the Debenture and Warrant being purchased by an Investor (the “Purchase Price”) shall be equal to the principal amount of such Debenture. The date on which the closing of the purchase and sale of the Debentures and Warrants occurs (the “Closing”) is hereinafter referred to as the “Closing Date”. The Closing will be deemed to occur when (A) this Agreement and the other Transaction Documents (as defined below) have been executed and delivered by the Company, the Guarantor Subsidiary and each Investor (which delivery may be effected by facsimile transmission other than in respect of the Mortgage), (B) each of the conditions to Closing described in Section 5 hereof has been satisfied or waived as specified therein and (C) full payment of each Investor’s Purchase Price has been made by such Investor to the Company by wire transfer of immediately available funds against physical delivery by the Company of duly executed certificates representing the Debenture and Warrant purchased by such Investor at the Closing. The Closing shall occur at the offices of Xxxxxx, Xxxx & Xxxxxxxx LLP at 0000 Xxxxxxxxxxx Xxxxxx, Xxxxxxxxxx XX 00000.
Purchase of Debentures and Warrants. 5 Article III
Purchase of Debentures and Warrants. The Company shall ----------------------------------- issue and sell to each Buyer and each Buyer severally agrees to purchase from the Company such principal amount of Debentures and number of Warrants for the aggregate purchase price (the "PURCHASE PRICE") as is set forth immediately below such Buyer's name on the signature pages hereto. The aggregate principal amount of Debentures to be issued at the Closing (as defined below) is Ten Million Dollars ($10,000,000) and the aggregate number of Warrants to be issued at the Closing is Three Million Six Hundred Nineteen Thousand Nine Hundred Ten (3,619,910), for an aggregate purchase price of Ten Million Dollars ($10,000,000).
Purchase of Debentures and Warrants. On the Initial Closing Date (as defined herein), the Purchaser hereby agrees to purchase from the Company (i) the Initial Debentures in the principal amount of one million five hundred thousand dollars ($1,500,000), which shall be issued in substantially the form attached hereto as Exhibit A; (ii) the Initial Warrants to purchase one hundred and fifty thousand (150,000) shares of Common Stock, which shall be issued in substantially the form attached hereto as Exhibit B and (iii) a Conditional Warrant which shall be issued in substantially the form attached hereto as Exhibit C to purchase (a) Additional Debentures in the principal amount of up to two million five hundred thousand dollars ($2,500,000), which, if issued, shall be issued in substantially the form attached hereto as Exhibit A; and (b) Additional Warrants to purchase two hundred fifty thousand (250,000) shares of Common Stock, which, if issued, shall be issued in substantially the form attached hereto as Exhibit B. The aggregate purchase price for the Initial Debentures, the Initial Warrants and the Conditional Warrant (collectively, the "Initial Securities") shall be one million five hundred thousand one hundred dollars ($1,500,100) and shall be payable in same day funds.
Purchase of Debentures and Warrants. Subject to the satisfaction or waiver of the terms and conditions of this Agreement, on the Closing Date (as defined below), the Company shall issue and sell to Buyer and Buyer agrees to purchase from the Company the Debenture in a principal amount equal to the Subscription Amount (as defined in Section 10) and an accompanying number of Warrants (as described below) to purchase a number of shares equal to the Warrant Amount (as defined below).
