Common use of Completion of Purchase Clause in Contracts

Completion of Purchase. Upon the closing of the issuance, sale or exchange of all or less than all the Refused Securities, the New Stockholders shall acquire from the Company, and the Company shall issue to the New Stockholders, the number or amount of New Securities specified in the Notices of Acceptance, as reduced pursuant to Section 6(e) above if the New Stockholders have so elected, upon the terms and conditions specified in the Preemptive Offer. The purchase by the New Stockholders of any New Securities is subject in all cases to the preparation, execution and delivery by the Company and the New Stockholders of a purchase agreement relating to such New Securities reasonably satisfactory in form and substance to the New Stockholders and the Company.