Purchase of Stock. 2 Section 1.1
Purchase of Stock. On the terms and subject to the conditions set forth in this Agreement, on the Closing Date, the Seller agrees to sell, transfer, assign, convey and deliver to the Buyer, and the Buyer agrees to purchase, acquire and accept from the Seller, all of the right, title and interest as of the Closing Date of the Seller in and to the Shares.
Purchase of Stock. After the date of this Agreement, the Company shall purchase from Seller, shares of Seller Stock as follows:
Purchase of Stock. Upon the delivery to Statesman of the first Receivables Certificate hereunder the Cooperative will purchase Statesman Class A Preferred Stock with such par value as will cause it to have a Minimum Class A Investment in Statesman Class A Preferred Stock and on each TAPOS Determination Date thereafter it will acquire such additional Statesman Class A Preferred Stock if any as may be necessary for it to maintain a Minimum Class A Investment.
Purchase of Stock. At the closing of this Agreement (the "Closing"), ------------------ upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Sellers will sell, transfer, assign, and deliver to the Purchaser shares of the Stock, free and clear of all -------- liens and encumbrances, except as otherwise may be permitted hereunder.
Purchase of Stock. At the closing of this Agreement (the ------------------- "Closing"), upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Seller will sell, transfer, assign, and deliver to the Purchaser 19,000,000 shares of the Series A Preferred Stock, 10,000,000 shares of the Series B Preferred Stock and 10,000,000 shares of the Series C Preferred Stock, free and clear of all liens and encumbrances, except as otherwise may be permitted hereunder.
Purchase of Stock. The Purchaser hereby agrees to purchase and the Company agrees to sell to the Purchaser 153,848 shares of Stock at a price of $6.499922 per share for the aggregate purchase price of $1,000,000 (the "Purchase Price"). The closing of the purchase of such Stock shall take place at the "Closing," subject to the satisfaction (or waiver) of the conditions thereto set forth in Sections 1.2 and 1.3 below:
Purchase of Stock. Upon Anacor's request, GSK shall purchase a total of Ten Million Dollars ($10,000,000) of Anacor equity in the first round of financing by Anacor after the Effective Date that is either (a) an initial public offering or (b) a private equity offering led by an independent investor and in which GSK's investment is less than fifty (50%) of the total funding in the financing with rights (other than board representation and visitor rights) that are pari passu with the investors in such financing. Such purchase and issuance of Anacor equity shall be subject to the terms of a mutually agreed separate stock purchase agreement and other agreements and related documents executed pursuant thereto. In the event of a registered public offering, including an initial public offering, GSK agrees that any shares purchased pursuant to the equity commitment hereunder that are not part of the initial public offering shall be subject to the same lock-up and underwriter offering limitations required of the other stockholders of Anacor. In the event of a private offering, GSK agrees that any shares purchased pursuant to the equity commitment hereunder shall be parri passu with other preferred shareholders purchasing in the same offering as GSK.
Purchase of Stock. Subject to the terms and conditions stated herein, the Purchaser hereby subscribes for and agrees to purchase, and the Company agrees to sell to the Purchaser, the Shares in consideration of the payment by the Purchaser of the Purchase Price, on such dates as the Company may demand from the Purchaser from time to time ("Purchase Dates").
