Consideration for the Subscription Sample Clauses

Consideration for the Subscription. In consideration of the Company’s allotment and issuance of the New Shares to the Subscriber and/or its nominee(s), the Subscriber shall pay the Subscription Price to the Company in the following manner: (a) the Hong Kong dollar or US$ equivalent of RMB60,000,000 shall be paid to the Company in clear and available fund (or such means of payment as agreed between the Company and the Subscriber) on the Closing Date; and (b) the Hong Kong dollar or US$ equivalent of the balance shall be paid to the Company in clear and available fund (or such means of payment as agreed between the Company and the Subscriber) within 15 days from the date on which the Audited Accounts are issued. For the purpose of this Agreement, the exchange rate of US$1.00 to RMB8.27 shall be adopted.
View Source
Consideration for the Subscription. In consideration of the Company’s allotment of CDH Subscription Stocks to CDH, CDH shall upon completion of the Subscription pay the sum of US$18,633,540.37 to the Company in clear fund after deducting the Final Transaction Costs or the Estimated Transaction Costs (as the case may be) in accordance with the provisions set out in Section 4.3 hereof.
View Source
Consideration for the Subscription. As consideration for the 220 Ordinary Shares, on the Closing Date, the Subscriber shall transfer, free from any Encumbrance, to the Company its entire equity interest in China Technology New Energy Limited, a company incorporated under the laws of the British Virgin Islands (Company No. 1456439) whose registered office is located at ▇.▇.▇▇▇ 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands (“CTNE”) which shall hold exclusive rights to develop 180 MW roof-top solar plants in China valid for 25 years (the “Exclusive Development Rights”) valued at an agreed upon amount equal to HK$132,000,000. The Exclusive Development Rights are mainly comprised of 25-year exclusive rights to develop solar plants on warehouse rooftops of three enterprises within China: China Merchants Logistics Holding Co., Ltd., China Merchants Bonded Logistics Ltd. and China Ocean Shipping Agency Shenzhen Ltd. The corporate particulars of CTNE as of the date hereof and immediately prior to the Closing are set out in Schedule 3 of this Agreement. Immediately after the Closing, the Company shall legally and beneficially own 100% of the share capital of CTNE, free from any Encumbrance (on an as-converted and fully-diluted basis).
View Source
Consideration for the Subscription. In consideration of the Company’s allotment and issuance of Shares as set forth in Section 3.1, the Shareholders shall take the following actions: (a) LTBVI shall agree to pay to the Company and/or directly to LTICN and LTIUS US$1,500,000 in readily available funds as consideration for its Preferred Shares in the manner, and at such times, as set forth in Section 3.3(a) and Section 10.3 below, and shall provide its technical know-how related to the Business to the Group as consideration for its Ordinary Shares; (b) Chen and Liang shall contribute any legal rights and interests they have in and to Intellectual Property Rights related to the Business to the Company, agree to become employees of a Group Company and shall provide their technical know-how related to the Business to the Group as consideration for their Ordinary Shares; and (c) ▇▇▇▇▇▇▇▇▇▇ agrees to become an employee of a Group Company and shall provide his technical know-how related to the Business to the Group as consideration for his Ordinary Shares.
View Source
Consideration for the Subscription. In consideration of the Company’s allotment of the Subscription Shares to the Subscriber, the Subscriber shall pay RMB 395,000,000 (or the USD equivalent to RMB 395,000,000 at such an exchange rate to be quoted by the remitting bank at the date immediately before the remittance shall be made by the Subscriber) to the Company upon Closing.
View Source
Consideration for the Subscription. In consideration of the Company’s allotment of the Subscription Shares to WSCP and HPC, WSCP and HPC shall each pay RMB 6,000,000 (or the USD equivalent of RMB 6,000,000 at such an exchange rate to be quoted by the remitting bank at the date immediately before the remittance shall be made by each of WSCP and HPC) to the Company upon Closing. WSCP and HPC had in June 2010 already paid the USD equivalent of RMB 2,500,000 as part payment payable by WSCP and HPC for allotment of the Subscription Shares and pursuant to the instruction of the Company such amount was paid to INSCOM HK on that date, pending allotment of the Subscription Shares. Further, WSCP and HPC had on 22 October, 2010 paid an additional amount of the USD equivalent of RMB 9,500,000 to the Company as balance amount payable by WSCP and HPC for allotment of the Subscription Shares, pending allotment of the Subscription Shares and subject to the terms of a letter from WSCP and HPC to the other Parties to this Agreement, CISG and ▇▇. ▇▇▇▇ ▇▇▇▇, the contents of which are acknowledged and agreed by the other Parties to this Agreement, CISG and ▇▇. ▇▇▇▇ ▇▇▇▇ (the “Side Letter”). The Parties agree that such amount already paid to the Company shall be applied upon Closing as consideration for the allotment of the Subscription Shares.
View Source

Related to Consideration for the Subscription

  • Payment for the Shares Payment for the Shares shall be made at the First Closing Date (and, if applicable, at the Second Closing Date) by wire transfer in immediately available-funds to the order of the Company. It is understood that the Representatives have been authorized, for their own account and the accounts of the several Underwriters, to accept delivery of and receipt for, and make payment of the purchase price for, the Firm Shares and any Option Shares the Underwriters have agreed to purchase. BancBoston ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Inc., individually and not as a Representative of the Underwriters, may (but shall not be obligated to) make payment for any Shares to be purchased by any Underwriter whose funds shall not have been received by the Representatives by the First Closing Date or the Second Closing Date, as the case may be, for the account of such Underwriter, but any such payment shall not relieve such Underwriter from any of its obligations under this Agreement.

  • Purchase of the Shares (a) Buyer and Seller agree that the aggregate value of the Company is $17,691,710.65 (the “Closing Consideration”). Additionally, the outstanding indebtedness of the Company and its Subsidiaries listed on Schedule 1.1(a) (the “Assumed Indebtedness”) shall remain as an obligation of the Company or its Subsidiaties (as applicable) to be repaid and/or converted following the Closing; provided in all cases that such the principal amount of such Assumed Indebtedness shall under no circumstances exceed $11,161,711 in the aggregate. (b) Subject to the terms and conditions set forth in this Agreement, at the Closing, Buyer shall purchase and acquire from Seller, and Seller shall sell, convey, assign, transfer and deliver to Buyer, the Shares, free and clear of any and all Encumbrances, except as listed on Schedule 2.20. In consideration for the Shares, Seller will be paid and will receive the Closing Consideration in the form of the issuance of 8,945,205 shares of the Buyer’s common stock, par value $0.001 per share (the “Buyer Common Stock”) at $0.73 per share. The Buyer Common Stock issued pursuant to this Agreement will not be registered under the Securities Act of 1933, as amended, by reason of a specific exemption from the registration provisions of the Securities Act, which depends, in part, upon the accuracy of the Seller’s representations as expressed in this Agreement will be “restricted securities” under applicable U.S. federal securities Laws and may be disposed of only pursuant to an effective registration statement under the Securities Act or an exemption from registration under the Securities Act. The shares of Buyer Common Stock issued pursuant to this Agreement shall be characterized as “restricted securities” under the Securities Act and, if certificated, shall bear the following legend (or if held in book entry form, will be noted with a similar restriction): THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR APPLICABLE STATE SECURITIES LAWS. SUCH SECURITIES MAY NOT BE RESOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR THE AVAILABILITY OF AN WITHOUT AN EXEMPTION UNDER THE SECURITIES ACT.

  • Sale, Purchase, Delivery and Payment for the Shares On the basis of the representations, warranties and agreements contained in, and subject to the terms and conditions of, this Agreement: (a) The Company agrees to issue and sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price of $_____ per share (the "Initial Price"), the number of Firm Shares set forth opposite the name of such Underwriter under the column "Number of Firm Shares to be Purchased from the Company" on Schedule I to this Agreement, subject to adjustment in accordance with Section 9 hereof. (b) The Company hereby grants to the several Underwriters an option to purchase, severally and not jointly, all or any part of the Option Shares at the Initial Price. The number of Option Shares to be purchased by each Underwriter shall be the same percentage (adjusted by the Representative to eliminate fractions) of the total number of Option Shares to be purchased by the Underwriters as such Underwriter is purchasing of the Firm Shares. Such option may be exercised only to cover over-allotments in the sales of the Firm Shares by the Underwriters and may be exercised in whole or in part at any time on or before 12:00 noon, New York City time, on the business day before the Firm Shares Closing Date (as defined below), and from time to time thereafter within 30 days after the date of this Agreement, in each case upon written, facsimile or electronic notice, by the Representative to the Company no later than 12:00 noon, New York City time, on the business day before the Firm Shares Closing Date or at least two business days before the Option Shares Closing Date (as defined below), as the case may be, setting forth the number of Option Shares to be purchased and the time and date (if other than the Firm Shares Closing Date) of such purchase. (c) Payment of the purchase price for, and delivery of certificates for, the Firm Shares shall be made at the offices of W.R. Hambrecht + Co, LLC, 539 Bryant Street, Suite 100, San Francisco, ▇▇, ▇▇▇▇▇ ▇▇ 7:00 a.m., S▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, on the third business day following the date of this Agreement or at such time on such other date, not later than ten (10) business days after the date of this Agreement, as shall be agreed upon by the Company and the Representative (such time and date of delivery and payment are called the "Firm Shares Closing Date"). In addition, in the event that any or all of the Option Shares are purchased by the Underwriters, payment of the purchase price, and delivery of the certificates, for such Option Shares shall be made at the above-mentioned offices, or at such other place as shall be agreed upon by the Representative and the Company, on each date of delivery as specified in the notice from the Representative to the Company (such time and date of delivery and payment are called the "Option Shares Closing Date"). The Firm Shares Closing Date and any Option Shares Closing Date are called, individually, a "Closing Date" and, together, the "Closing Dates." (d) Payment for the Shares shall be made to the Company by wire transfer of immediately available funds to the order of the Company against delivery of the respective certificates to the Representative for the respective accounts of the Underwriters of certificates for the Shares to be purchased by them. (e) Certificates evidencing the Shares shall be registered in such names and shall be in such denominations as the Representative shall request at least two full business days before the Firm Shares Closing Date or, in the case of Option Shares, on the day of notice of exercise of the option as described in Section 1(b) and shall be delivered by or on behalf of the Company to the Representative through the facilities of the Depository Trust Company ("DTC") for the account of such Underwriter. The Company will cause the certificates representing the Shares to be made available for checking and packaging, at such place as is designated by the Representative, on the full business day before the Firm Shares Closing Date (or the Option Shares Closing Date in the case of the Option Shares).

  • Subscription Price Each Warrant is exercisable at a price per share (the “Exercise Price”) of US$1.00. One (1) Warrant and the Exercise Price are required to subscribe for each share during the term of the Warrants.

  • Adjustments to the Shares and Warrant Price In order to prevent dilution of the purchase rights granted under this Warrant, the Warrant Price and the number of Shares issuable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 2.