Obligation to subscribe Sample Clauses

The 'Obligation to subscribe' clause requires a party, typically an investor or shareholder, to commit to purchasing a specified number of shares or securities in a company. This obligation may be triggered upon certain conditions, such as the achievement of milestones or the completion of due diligence, and often includes details about the subscription price, timing, and payment method. By clearly defining when and how the subscription must occur, this clause ensures that the company can rely on the promised investment, thereby providing financial certainty and supporting planned business activities.
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Obligation to subscribe. At Completion, the Founder Investor will, subject to the adoption of the Articles, procure that:
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Obligation to subscribe. Subject to the provisions of this document: (a) the Subscriber subscribes for the Subscription Shares at the Subscription Price; and (b) the Company will allot and issue the Subscription Shares to the Subscriber on the Completion Date.
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Obligation to subscribe. In accordance with the Amendment and Waiver Agreement and this Agreement, within 29 Business Days after the Closing Date, Fairfax and ACON will cause the Fairfax Group Shareholders and ACON Group Shareholders, respectively, to subscribe for that number of Ordinary Shares and 10% Preference Shares at the Subscription Price in exchange for the amounts to be funded by them as set out below, so as to provide funding to the Corporation in an amount equal to the Recapitalization Funding and Additional Funding; provided, however, that the Fairfax Group Shareholders shall be entitled to subscribe for 10% Preference Shares if it holds at least 45% of the Ordinary Shares in issue on a pro forma basis assuming that the aggregate “Funded Amount” set forth below was funded. The Corporation, in turn, will make an amount equal to the Recapitalization Funding available to APR Energy to enable it to satisfy its obligations under the Amendment and Waiver Agreement. The date on which Fairfax and ACON will cause their respective Shareholder Groups to subscribe for such Shares shall be determined by the mutual agreement of Fairfax and ACON; provided, however, that if Fairfax and ACON cannot agree on a date, then they shall each cause their respective Shareholder Groups to subscribe for such Shares on the date occurring 29 Business Days after the Closing Date and shall, in such instance, advise one another at least two Business Days in advance of such date of the individual members of each respective Shareholder Group that will be subscribing for Ordinary Shares and 10% Preference Shares and the number of Ordinary Shares and 10% Preference Shares to be subscribed. Fairfax Group Shareholders $157,833,027.96 ACON Group Shareholders $63,192,375.94 3.3.1 Issuance of Ordinary Shares and 10% Preference Shares. Following such subscriptions, and the payment by the Corporation of any applicable stamp duty, it shall issue the applicable number of Ordinary Shares and 10% Preference Shares to the relevant subscribers and register such subscribers as the fully paid holders of the Ordinary Shares and 10% Preference Shares subscribed for and issue share certificates accordingly.
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Obligation to subscribe. Subject to the provisions of this Agreement:
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Related to Obligation to subscribe

  • Agreement to Subscribe 1.1 Purchase and Issuance of the Private Placement Units. (a) Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Initial Closing Date (as defined below) 594,076 Private Placement Units in consideration of the payment of the Purchase Price. On the Initial Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form. (a) On the date of the consummation of the closing of the over-allotment option, if any, in connection with the IPO or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date, a “Closing Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, up to 63,424 additional Private Placement Units (or, to the extent the over-allotment option is not exercised in full, a lesser number of Private Placement Units in proportion to the amount of the over-allotment option that is then exercised) at a price of $10.00 per Private Placement Unit for an aggregate purchase price of up to $634,240 (if the over-allotment option is exercised in full) (such amount, the “Over-allotment Purchase Price”). The Subscriber shall pay the Over-allotment Purchase Price by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the Company, to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), on or prior to the Over-allotment Closing Date. On the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase Price, the Company shall, at its option, deliver a certificate evidencing the Private Placement Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form.

  • Agreement to Subscribe Purchase Price (i) SELLER and BUYER are executing and delivering this Agreement in reliance upon the exemption from securities registration afforded by Rule 506 under Regulation D ("Regulation D") as promulgated by the United States Securities and Exchange Commission under the Securities Act; and (ii) BUYER hereby subscribes for Three Hundred (300) Preferred Shares, at a purchase price of One Thousand Dollars ($1,000) U.S. per share, convertible into Common Shares in accordance with the terms set forth in the Certificate of Designation attached as Exhibit A to this Agreement, for an aggregate purchase price of Three Hundred Thousand Dollars ($300,000) payable in United States Dollars at the Closing, as defined in Paragraph 5 hereof. (iii) BUYER shall pay the purchase price by delivering same day funds in United States Dollars to an escrow agent or as otherwise agreed between the parties, to be delivered to the order of SELLER upon delivery of the Shares. (iv) BUYER shall receive from SELLER at Closing, for no additional consideration, a number of three-year warrants ("Warrant" or "Warrants") to purchase one Common Share for every four Common Shares that BUYER would have received had BUYER converted the Preferred Shares at Closing (the "Warrant Shares"; the Common Shares and the Warrant Shares are sometimes hereinafter collectively referred to as the "Shares"). The Warrants shall have a strike price of $2.00 per share, and shall be exercisable as set forth in the form of Common Stock Purchase Warrant Certificate attached as Exhibit B to this Agreement.

  • OBLIGATION TO SUPPORT ‌ The parties agree that subsequent to the execution of this Memorandum of Understanding and during the period of time said Memorandum is pending before the Board of Supervisors for action, neither SEIU Local 721, nor Management, nor their authorized representatives, will appear before the Board of Supervisors or meet with members of the Board of Supervisors individually to advocate any amendment, addition or deletion to the terms and conditions of this Memorandum of Understanding. It is further understood that this Article shall not preclude the parties from appearing before the Board of Supervisors nor meeting with individual members of the Board of Supervisors to advocate or urge the adoption and approval of this Memorandum of Understanding in its entirety.

  • Obligation to Suspend Distribution Upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by the Company, pursuant to a written ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ compliance program adopted by the Company’s Board of Directors, of the ability of all “insiders” covered by such program to transact in the Company’s securities because of the existence of material non-public information, each holder of Registrable Securities included in any registration shall immediately discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such holder receives the supplemented or amended prospectus contemplated by Section 3.1.4(iv) or the restriction on the ability of “insiders” to transact in the Company’s securities is removed, as applicable, and, if so directed by the Company, each such holder will deliver to the Company all copies, other than permanent file copies then in such holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice.

  • OBLIGATION TO SERVE As between the Parties, Competitive Supplier has the sole obligation to obtain sources of supply, whether from generating facilities owned or controlled by its affiliates, through bilateral transactions, or the market, as may be necessary to provide All-Requirements Power Supply for all of the Participating Consumers under the Program. Competitive Supplier, except as explicitly limited by the terms included in Exhibit A, shall be obligated to accept all Participating Consumers, regardless of their location or energy needs, subject to Competitive Supplier’s standard credit policies (to the extent permitted by law), Article 5.5 hereof, Exhibit A hereof and the terms of any approval or other order of the Department with respect to this ESA.