NEW ISSUE SECURITIES CLOSINGS Sample Clauses

NEW ISSUE SECURITIES CLOSINGS. (a) If ▇▇▇▇▇▇ agrees pursuant to Section 4.2(a)(i) to purchase all the New Issue Securities identified in the New Issue Notice, or offers in a Sonera Alternative Notice to purchase all the New Issue Securities and the terms offered in such Notice are acceptable to Metro One, the purchase and sale shall be made at a closing on a date specified by Metro One at least 10 Business Days prior to closing. Closing shall occur not more than 60 Business Days after the date of the New Issue Notice at the offices of Metro One, or at such other place or on such other date as Metro One and Sonera may agree in writing. (b) If Sonera is purchasing less than all of the offered New Issue Securities (including pursuant to a Percentage Election), such purchase shall take place at a closing concurrent with the closing of the sale to third parties of the New Issue Securities described in the New Issue Notice at the offices of Metro One (or at such other place as Metro One shall designate), on the terms set forth in the New Issue Notice, the Sonera Alternative Notice (if accepted by Metro One), or the Percentage Election, as applicable. Metro One agrees to keep ▇▇▇▇▇▇ advised in writing and consult on a timely basis concerning the anticipated timing and terms of any proposed sale of New Issue Securities to third parties. (c) At the Closing, Metro One shall deliver to Sonera (or any Permitted Transferee designated by Sonera ) certificates representing the New Issue Securities to be purchased, against payment of the purchase price therefor by wire transfer of immediately available funds to an account designated by Metro One at least 5 Business Days prior to the date of such closing.
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Related to NEW ISSUE SECURITIES CLOSINGS

  • Issuance of Equity Securities to Other Persons If not all of the Major Investors elect to purchase their pro rata share of the Equity Securities, then the Company shall promptly notify in writing the Major Investors who do so elect and shall offer such Major Investors the right to acquire such unsubscribed shares on a pro rata basis. The Major Investors shall have five (5) days after receipt of such notice to notify the Company of its election to purchase all or a portion thereof of the unsubscribed shares. The Company shall have ninety (90) days thereafter to sell the Equity Securities in respect of which the Major Investor’s rights were not exercised, at a price not lower and upon general terms and conditions not materially more favorable to the purchasers thereof than specified in the Company’s notice to the Major Investors pursuant to Section 4.2 hereof. If the Company has not sold such Equity Securities within ninety (90) days of the notice provided pursuant to Section 4.2, the Company shall not thereafter issue or sell any Equity Securities, without first offering such securities to the Major Investors in the manner provided above.

  • Purchase and Sale of Convertible Debentures 5 2.1 Purchase and Sale; Purchase Price.....................................................5 2.2 Execution and Delivery of Documents; the Closing......................................5 2.3 The Post-Closing......................................................................6

  • Issuance and Sale of Common Shares Section 2.01 (a)

  • New Purchase Warrants to Be Issued Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Warrant may be exercised or assigned in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase Warrant for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or transfer tax if exercised pursuant to Section 2.1 hereto, the Company shall cause to be delivered to the Holder without charge a new Purchase Warrant of like tenor to this Purchase Warrant in the name of the Holder evidencing the right of the Holder to purchase the number of Warrant Shares purchasable hereunder as to which this Purchase Warrant has not been exercised or assigned.

  • Prior Securities Transactions No securities of the Company have been sold by the Company or by or on behalf of, or for the benefit of, any person or persons controlling, controlled by, or under common control with the Company since the date of the Company’s formation, except as disclosed in the Registration Statement.