Purchase and Sale of the Notes. THE WARRANTS AND SERIES A PREFERRED. At the Closing (as defined in SECTION 1C below) the Company shall issue to each of the Purchasers and, subject to the terms and conditions set forth herein, each of the Purchasers shall severally and independently (and not jointly) purchase from the Company, (i) Notes in the aggregate principal amount set forth opposite such Purchaser's name on the attached SCHEDULE OF PURCHASERS, in each case, at a purchase price equal to the price set forth opposite such Purchaser's name on the attached SCHEDULE OF PURCHASERS, (ii) Warrants initially exercisable to acquire the aggregate number of shares of Common Stock set forth opposite such Purchaser's name on the attached SCHEDULE OF PURCHASERS, in each case, at a purchase price equal to the price set forth opposite such Purchaser's name on the attached SCHEDULE OF PURCHASERS, and (iii) the number of shares of Series A Preferred set forth opposite such Purchaser's name on the attached SCHEDULE OF PURCHASERS, in each case, at a purchase price equal to the price set forth opposite such Purchaser's name on the attached SCHEDULE OF PURCHASERS.
Appears in 3 contracts
Sources: Senior Subordinated Note, Preferred Stock and Warrant Purchase Agreement (Boner Tom E), Senior Subordinated Note, Preferred Stock and Warrant Purchase Agreement (Anderson David E), Senior Subordinated Note, Preferred Stock and Warrant Purchase Agreement (Zimmerman Sign Co)