Initial Purchase of Common Stock Sample Clauses

The "Initial Purchase of Common Stock" clause defines the terms under which an investor or purchaser acquires shares of common stock in a company at the outset of an agreement or financing round. This clause typically specifies the number of shares to be purchased, the purchase price per share, and the timing or closing conditions for the transaction. By clearly outlining these details, the clause ensures both parties understand the initial ownership structure and financial commitment, thereby reducing the risk of disputes and providing a clear framework for the initial investment.
Initial Purchase of Common Stock. Upon the satisfaction of the conditions set forth in Sections 7 and 8 hereof (the “Commencement” and the date of satisfaction of such conditions the “Commencement Date”), the Investor shall purchase 1,020,408 Purchase Shares at a purchase price of Three Million Dollars ($3,000,000) (such purchase the “Initial Purchase” and such Purchase Shares, the “Initial Purchase Shares”).
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Initial Purchase of Common Stock. Subject to the satisfaction of all of the conditions set forth in Sections 7 and 8 hereof (the “Commencement” and the date of satisfaction of such conditions the “Commencement Date”), at any time within 30 days of the Commencement Date, the Company shall have the right, but not the obligation, to direct the Investor by the Company’s delivery to the Investor of the Initial Purchase Notice, and the Investor thereupon shall have the obligation, to buy the Initial Purchase Amount of Initial Purchase Shares as specified by the Company therein at the Initial Purchase Price (such purchase, the “Initial Purchase”); provided, however, that (i) the Company may not deliver to the Investor more than one (1) Initial Purchase Notice pursuant to this Agreement, (ii) the Company may not deliver the Initial Purchase Notice for an Initial Purchase Amount in excess of 325,000 Initial Purchase Shares (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction after the date of this Agreement), and (iv) the Investor’s total committed obligation under the Initial Purchase shall not exceed Two Million Seven Hundred Eighty Eight Thousand Five Hundred Dollars ($2,788,500). If the Company delivers the Initial Purchase Notice for an Initial Purchase Amount in excess of the limitations contained in this Section 2(a), such Initial Purchase Notice shall be void ab initio to the extent of the amount by which the number of Initial Purchase Shares set forth in such Initial Purchase Notice exceeds the number of Initial Purchase Shares which the Company is permitted to include in such Initial Purchase Notice in accordance herewith, and the Investor shall have no obligation to purchase such excess Initial Purchase Shares in respect of such Initial Purchase Notice; provided that the Investor shall remain obligated to purchase the number of Initial Purchase Shares which the Company is permitted to include in such Initial Purchase Notice.
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Initial Purchase of Common Stock. Upon the execution of this Agreement, the Company shall sell to the Investor and the Investor shall purchase from the Company $1,000,000 worth of Purchase Shares (such purchase the "Initial Purchase" and such Purchase Shares are referred to herein as "Initial Purchase Shares”) and warrants in the form of Exhibit F attached hereto to purchase shares of Common Stock equivalent to 40% of the Initial Purchase Shares (the "Warrants" and the shares of Common Stock underlying such Warrants, the "Warrant Shares"), at a purchase price per share of the Initial Purchase Shares equal to the Signing Market Price. The Warrants shall have a term of five (5) years and an exercise price equal to the Signing Market Price per Warrant Share. Upon receipt of such Initial Purchase Shares and Warrants, the Investor shall pay to the Company as the purchase price for such Initial Purchase Shares and Warrants, the sum of $1,000,000 via wire transfer.
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Initial Purchase of Common Stock. Subject to the terms and conditions of this Agreement, and in reliance on the representations and warranties contained in this Agreement, the Company agrees to sell to P&U and P&U agrees to purchase from the Company, at the Initial Closing (as defined below), for a per share price of $1.8256 and aggregate consideration of two million dollars ($2,000,000), 1,095,506 shares of Common Stock.
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Initial Purchase of Common Stock. On the First Closing Date, the Company shall use the Members' First Capital Contributions to purchase shares of Common Stock as set forth in the Purchase Agreement.
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Initial Purchase of Common Stock. Upon the satisfaction of the conditions set forth in Sections 7 and 8 hereof (the “Commencement” and the date of satisfaction of such conditions the “Commencement Date”), the Company shall sell, and the Investor shall purchase, a number of Purchase Shares equal to Three Million Dollars ($3,000,000) divided by the Purchase Price, calculated as of the effective date of the Registration Statement (such purchase, the “Initial Purchase” and such Purchase Shares, the “Initial Purchase Shares”).
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Initial Purchase of Common Stock. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 7 and 8 below, the Company shall issue and sell to the Buyers and the Buyers shall purchase from the Company an aggregate of not less than $5 million and not more than $10 million of Common Stock (the "Initial Purchase Price") in the respective amounts as are set forth opposite each Buyer's name on the Schedule of Buyers at an initial closing (the "Initial Closing"). The per share purchase price (the "Purchase Price") of the Common Stock shall be $3.00. On the Initial Closing Date (as defined below) the Company shall deliver to each Buyer a stock certificate representing the number of shares which such Buyer is then purchasing (as indicated opposite such Buyer's name on the Schedule of Buyers), duly executed on behalf of the Company and registered in the name of such Buyer or its designee (the "Stock Certificates").
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Initial Purchase of Common Stock. On the date hereof the Investor shall purchase 367,647 Purchase Shares at a purchase price of $1.36 per share (such purchase the “Initial Purchase” and such Purchase Shares, the “Initial Purchase Shares”).
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Related to Initial Purchase of Common Stock

  • PURCHASE OF COMMON STOCK Subject to the terms and conditions set forth in this Agreement, the Company has the right to sell to the Investor, and the Investor has the obligation to purchase from the Company, Purchase Shares as follows:

  • Purchase of Shares of Common Stock (a) Each Purchase Contract shall, unless an Early Settlement has occurred in accordance with Section 5.9, or a Merger Early Settlement has occurred in accordance with Section 5.10, obligate the Holder of the related Unit to purchase, and the Company to sell, on the Stock Purchase Date at a price equal to $50 (the "Purchase Price"), a number of newly issued shares of Common Stock equal to the Settlement Rate unless, on or prior to the Stock Purchase Date, there shall have occurred a Termination Event with respect to the Unit of which such Purchase Contract is a part. The "Settlement Rate" is equal to, (i) if the Applicable Market Value (as defined below) is greater than or equal to $21.08 (the "Threshold Appreciation Price"), 2.3719 shares of Common Stock per Purchase Contract, (ii) if the Applicable Market Value is less than the Threshold Appreciation Price, but is greater than $17.28, the number of shares of Common Stock per Purchase Contract equal to the Stated Amount of the related Unit divided by the Applicable Market Value, and (iii) if the Applicable Market Value is equal to or less than $17.28, 2.8935 shares of Common Stock per Purchase Contract, in each case subject to adjustment as provided in Section 5.6 (and in each case rounded upward or downward to the nearest 1/10,000th of a share). As provided in Section 5.12, no fractional shares of Common Stock will be issued upon settlement of Purchase Contracts. (b) No fractional shares of Common Stock will be issued by the Company with respect to the payment of Contract Adjustment Payments on the Stock Purchase Date. In lieu of fractional shares otherwise issuable with respect to such payment of Contract Adjustment Payments, the Holder will be entitled to receive an amount in cash as provided in Section 5.12.

  • Sale of Common Stock Subject to the terms and conditions of this Agreement, Company hereby agrees to sell to Purchaser and Purchaser hereby agrees to purchase from Company an aggregate of 110,000 shares of Company's Common Stock (the "Shares"), at the purchase price of $2.06 per share for an aggregate purchase price of $226,600.

  • Sale and Issuance of Common Stock Subject to the terms ------------------------------------ and conditions of this Agreement, and in reliance upon the representations and warranties and covenants contained herein, the Investor agrees to purchase at the Closing, and the Company agrees to sell and issue to the Investor at the Closing (as defined herein), 1,541,261 shares of the Company's Common Stock, $.001 par value (the "Common Stock") for the aggregate purchase price of $15,412.61.

  • Purchase of Notes 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 Notes and number of Warrants as is set forth immediately below such Buyer's name on the signature pages hereto.