Additional Share Purchases Clause Samples

The 'Additional Share Purchases' clause defines the terms under which a party may acquire more shares in a company beyond their initial allocation. Typically, this clause outlines the conditions, such as price, timing, and any required approvals, that must be met for further share acquisitions. For example, it may specify whether existing shareholders have a right of first refusal or if purchases are subject to board consent. The core function of this clause is to regulate the process of increasing ownership stakes, thereby preventing disputes and ensuring transparency in share transactions.
Additional Share Purchases. Stockholder agrees that any shares of capital stock of the Company that Stockholder purchases or with respect to which Stockholder otherwise acquires record or beneficial ownership (“New Shares”) after the execution of this Agreement and prior to the Expiration Date (as defined below) shall be subject to the terms and conditions of this Agreement to the same extent as if they constituted Shares.
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Additional Share Purchases. Following the date of this Second Amendment, the Purchaser hereby irrevocably agrees to purchase additional shares of common stock of the Company for an aggregate purchase price of $1,100,000 (the “Purchase Price”) payable in installments in the following manner: a) $20,000 from the Second Quarter Payment; b) $60,000 from each Binder Royalty payment received by the Purchaser after the Second Quarter Payment (up to an including the last scheduled Binder Royalty payment for the quarter ending on December 31, 2007), provided that if any Binder Royalty payment is insufficient to pay the full installment after satisfying prior liens against the Binder Royalty payment, then the deficiency shall be {A0035911.DOC} satisfied from the next Binder Royalty payment in which there is sufficient funds after satisfying prior liens thereon. From each installment payment of the Purchase Price, the Company shall promptly issue the Purchaser that number of shares of Company common stock equal to (a) the amount of the installment payment, divided by (b) the Per Share Price in effect on the date of the Escrow Agent’s receipt of the installment payment. The “Per Share Price” applicable to each installment payment of the Purchase Price shall be the greater of (a) $0.09 per share, or (b) the average closing bid price of the Company’s common stock for the five business days prior to the Escrow Agent’s receipt of the Binder Royalty payment from which the installment is payable. Each installment of the Purchase Price shall be due within forty-eight (48) hours after the clearance of funds with respect to the Purchaser’s receipt of a Binder Royalty payment. The Purchaser’s obligation to pay the Purchase Price shall continue to be secured by the existing security interest in the Purchaser’s interest in the Binder Royalty. The security interest of the Company in the Binder Royalty shall be subject to any and all security interests in the Binder Royalty, and to the Company’s agreement to allow the Purchaser to pay GD Management Services, Inc. (which holds a lien on the Binder Royalty that is subordinate to that of the Company) $50,000 per quarter. The Purchaser agrees to execute any documents that the Company reasonably requests to perfect the Company’s security interest in the Binder Royalty, including without limitation a notice to the Escrow Agent under that Agreement dated March 27, 2003 by and among the Purchaser and certain parties claiming a lien on the Purchaser’s interest in the ...
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Additional Share Purchases. The Stockholder agrees that any shares of capital stock of UBICS that the Stockholder purchases or with respect to which the Stockholder otherwise acquires beneficial ownership after the execution of this
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Related to Additional Share Purchases

  • Additional Shares The Company hereby grants to the Underwriters an option (the “Over-allotment Option”) to purchase up to an additional [●]3 Ordinary Shares (the “Additional Shares”), in each case solely for the purpose of covering over-allotments of such securities, if any. The Over-allotment Option is, at the Underwriters’ sole discretion, for Additional Shares.

  • Share Purchase Subject to the terms and conditions of this Agreement, at the Closing (as defined in Section 2.1 below) to be held pursuant to Section 2 below, the Seller shall sell, assign, transfer, convey and deliver to Buyer, and Buyer shall purchase and acquire from the Seller, good and marketable title to the Shares, free and clear of all mortgages, liens, encumbrances, claims, equities and obligations to other persons of every kind and character, except that the Shares will be “restricted securities” as defined in the Securities Act of 1933, as amended (the “Securities Act”). The purchase price for the Shares shall be $152,500, payable to the Seller (the “Purchase Price”).

  • Counterparty Share Repurchases Counterparty agrees not to repurchase, directly or indirectly, any Shares if, immediately following such purchase, the Outstanding Share Percentage would be equal to or greater than 4.5%. The “Outstanding Share Percentage” as of any day is the fraction (1) the numerator of which is the aggregate of the Number of Shares for this Transaction and the “Number of Shares” under each Additional Equity Derivative Transaction that is a share forward transaction and (2) the denominator of which is the number of Shares outstanding on such day.

  • Additional Shares or Options The Company hereby agrees that until the consummation of a Business Combination, it shall not issue any shares of Common Stock or any options or other securities convertible into Common Stock, or any preferred shares or other securities of the Company which participate in any manner in the Trust Account or which vote as a class with the Common Stock on a Business Combination.

  • Initial Shares As used herein, “Initial Shares” means 229,865 shares of the Class, subject to adjustment from time to time pursuant to the provisions of this Warrant.