Monthly Purchase of the Additional Shares Clause Samples

Monthly Purchase of the Additional Shares. Subject to earlier ----------------------------------------- cancellation or prepayment in accordance with Sections II.A.4. and II.A.5. below and other terms and conditions under the Note, the Company will make monthly principal payments to Damas in equal amounts and monthly interest over a period of 15 consecutive months. Each monthly principal payment by the Company under the Note shall be deemed payment for the repurchase of the proportionate number of Additional Shares as follows: Monthly Principal Number of Payment to Damas Monthly Additional Shares Due Date (excluding interest) Interest Repurchased by Company -------- -------------------- -------- ---------------------- 09/15/01 $8,000 $800.00 33,334 shares 10/15/01 $8,000 $746.67 33,334 shares 11/15/01 $8,000 $693.33 33,334 shares 12/15/01 $8,000 $640.00 33,334 shares 01/15/02 $8,000 $586.67 33,334 shares 02/15/02 $8,000 $533.33 33,333 shares 03/15/02 $8,000 $480.00 33,333 shares 04/15/02 $8,000 $426.67 33,333 shares 05/15/02 $8,000 $373.33 33,333 shares 06/15/02 $8,000 $320.00 33,333 shares 07/15/02 $8,000 $266.67 33,333 shares 08/15/02 $8,000 $213.33 33,333 shares 09/15/02 $8,000 $160.00 33,333 shares 10/15/02 $8,000 $106.67 33,333 shares 11/15/02 $8,000 $ 0.00 33,333 shares EXHIBIT 10.29 - Stock Repurchase Agreement
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Monthly Purchase of the Additional Shares. Subject to earlier cancellation or prepayment in accordance with Sections II.A.4.
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Related to Monthly Purchase of the Additional Shares

  • SALE AND PURCHASE OF THE SALE SHARES 2.1 Subject to and upon the terms and conditions of this Agreement, the Vendor shall sell as beneficial owner and the Purchaser shall purchase the Sale Shares with effect from Completion free from all Encumbrances together with all rights now or hereafter attaching thereto including but not limited to all dividends paid, declared or made in respect thereof on or after the date of Completion.

  • Sale and Purchase of 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 sell to each of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a 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 10 hereof. (b) The Company 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 Representatives 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 telegraphic notice, or verbal or telephonic notice confirmed by written, facsimile or telegraphic notice, by the Representatives 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.

  • Delivery and Payment of Additional Shares Payment for the Additional Shares shall be made on the Option Closing Date by wire transfer in Federal (same day) funds, upon delivery to the Underwriters of certificates (in form and substance satisfactory to the Underwriters) representing the Additional Shares (or through the facilities of DTC) for the account of the Underwriters. The Additional Shares shall be registered in such name or names and in such authorized denominations as the Underwriters may request in writing at least two (2) full Business Days prior to the Option Closing Date. The Company shall not be obligated to sell or deliver the Additional Shares except upon tender of payment by the Underwriters for applicable Additional Shares. The Option Closing Date may be simultaneous with, but not earlier than, the Closing Date; and in the event that such time and date are simultaneous with the Closing Date, the term “Closing Date” shall refer to the time and date of delivery of the Firm Shares and Additional Shares.

  • Purchase and Issuance of the Units For the aggregate sum of $3,000,000 (the “Initial Purchase Price”), upon the terms and subject to the conditions of this Agreement, the Purchaser hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Purchaser, on the Closing Date (as defined in Section 1.2) 300,000 Initial Units at $10.00 per Initial Unit. In addition to the foregoing, the Purchaser hereby agrees to purchase up to an additional 30,000 Additional Units at $10.00 per Additional Unit for a purchase price of up to $300,000 (the “Additional Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”). The purchase and issuance of the Additional Units shall occur only in the event that the Over-Allotment Option is exercised in full or part. The total number of Additional Units to be purchased hereunder shall be in the same proportion as the amount of the Over-Allotment Option that is exercised. Each purchase of Additional Units shall occur simultaneously with the consummation of any portion of the Over-Allotment Option.

  • Sale and Purchase of Equity Interest 授予权利 Option Granted