Purchase of Class a Shares Sample Clauses

The 'Purchase of Class A Shares' clause defines the terms and conditions under which an individual or entity may acquire Class A shares of a company. Typically, this clause outlines the process for purchasing these shares, including eligibility requirements, pricing mechanisms, and any restrictions or procedures that must be followed. For example, it may specify whether purchases are limited to certain investors or subject to board approval. The core function of this clause is to establish a clear and orderly framework for the acquisition of Class A shares, thereby ensuring transparency and consistency in the company's share issuance process.
Purchase of Class a Shares. 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:
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Purchase of Class a Shares. (a) Upon the terms and subject to the conditions set forth herein, at the Closing the Company agrees to sell, with full title guarantee and free and clear of any encumbrances, and the Investor agrees to purchase the number of Class A Shares set forth opposite the Investor’s name on Schedule I hereto under the heading “Number of Shares Purchased” (the “Subject Shares”) at the Per Share Price. (b) At or prior to the Closing, the Investor shall pay the purchase price set forth opposite the Investor’s name on the Schedule I attached hereto under the column headed “Purchase Price” by wire transfer of immediately available funds in accordance with wire instructions provided in writing by the Company to the Investor at least five (5) Business Days prior to the Closing Date. On or before the Closing, the Company will instruct its transfer agent to make book-entry notations representing the Subject Shares, against delivery of the amount set forth opposite each the Investor’s name on Schedule I attached hereto under the column headed “Number of Shares Purchased”. In the event of the termination of this Agreement in accordance with the terms hereof, any payment by the Investor hereunder will be immediately returned by the Company to the Investor by wire transfer in immediately available funds to the account specified by the Investor.
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Purchase of Class a Shares. This letter agreement confirms the agreement of each of the investors listed on the signature page to this letter agreement (each, an “Investor” and collectively, the “Investors), severally, and not jointly, subject to the terms and conditions set forth herein, to (i) purchase (in open market transactions or otherwise), or to cause one or more of its controlled affiliates to purchase, and beneficially own no less than 1,250,000 DHHC Class A Shares (the “Share Purchase Commitment”), no later than the date that is five (5) business days prior to the DHHC Stockholders Meeting held to approve the Business Combination Agreement and the transactions contemplated therein (such date, the “Purchase Deadline”), (ii) on the business day prior to the DHHC Stockholders Meeting, deliver to each of DHHC and DHP SPAC-II Sponsor LLC, a Delaware limited liability company (the “Sponsor”), a certificate, signed by the Investor, certifying that such Investor, or one or more of its controlled affiliates, has consummated the purchase of its Share Purchase Commitment no later than the Purchase Deadline and continues to beneficially own its Share Purchase Commitment on such date, and (iii) following the consummation of their respective Share Purchase Commitments, not to sell, contract to sell, redeem or otherwise transfer or dispose of, directly or indirectly, such acquired shares or the economic ownership of such acquired shares at any time prior to the consummation of the transactions contemplated by the Business Combination Agreement. The parties hereto agree and acknowledge that (i) in no event will any of the Investors, individually, be required to purchase any Class A Shares in any amount in excess of the Share Purchase Commitment and (ii) such Class A Shares shall not be subject to any restrictions on transfer or disposition, other than in accordance with applicable law and other than those expressly set forth in this letter agreement.
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Purchase of Class a Shares 
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Related to Purchase of Class a Shares

  • Purchase of Units On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, severally and not jointly, an aggregate of 20,000,000 units of the Company (the “Firm Units”) at a purchase price (net of discounts and commissions) of $9.80

  • Purchase of Shares from the Fund (a) The Underwriter shall have the right to buy from the Fund the shares needed to fill unconditional orders for shares of the Fund placed with the Underwriter by investors or securities dealers, depository institutions or other financial intermediaries acting as agent for their customers. The price which the Underwriter shall pay for the shares so purchased from the Fund shall be the net asset value, determined as set forth in Section 3(d) hereof, used in determining the public offering price on which such orders are based. (b) The shares are to be resold by the Underwriter to investors at a public offering price, as set forth in Section 3(c) hereof, or to securities dealers, depository institutions or other financial intermediaries acting as agent for their customers having agreements with the Underwriter upon the terms and conditions set forth in Section 8 hereof. (c) The public offering price of the shares, i.e., the price per share at which the Underwriter or selected dealers or selected agents (each as defined in Section 8(a) below) may sell shares to the public, shall be the public offering price determined in accordance with the then current Prospectus and Statement of Additional Information of the Fund (the "Prospectus" and "Statement of Additional Information," respectively) under the Securities Act of 1933, as amended (the "Securities Act"), relating to such shares, but not to exceed the net asset value at which the Underwriter is to purchase such shares, plus, in the case of Class A shares, a front-end sales charge equal to a specified percentage or percentages of the public offering price of the Class A shares as set forth in the Prospectus. Class A shares may be sold without such a sales charge to certain classes of persons as from time to time set forth in the Prospectus and Statement of Additional Information. All payments to the Fund hereunder shall be made in the manner set forth in Section 3(f) hereof. (d) The net asset value of shares of the Fund shall be determined by the Fund, or any agent of the Fund, as of the close of regular trading on the New York Stock Exchange on each Fund business day in accordance with the method set forth in the Prospectus and Statement of Additional Information and guidelines established by the Directors of the Fund. (e) The Fund reserves the right to suspend the offering of its shares at any time in the absolute discretion of its Directors. (f) The Fund, or any agent of the Fund designated in writing to the Underwriter by the Fund, shall be promptly advised by the Underwriter of all purchase orders for shares received by the Underwriter. Any order may be rejected by the Fund; provided, however, that the Fund will not arbitrarily or without reasonable cause refuse to accept or confirm orders for the purchase of shares. The Fund (or its agent) will confirm orders upon their receipt, will make appropriate book entries and upon receipt by the Fund (or its agent) of payment thereof, will deliver deposit receipts or certificates for such shares pursuant to the instructions of the Underwriter. Payment shall be made to the Fund in New York Clearing House funds. The Underwriter agrees to cause such payment and such instructions to be delivered promptly to the Fund (or its agent).

  • 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:

  • Acknowledgment Regarding Investor’s Purchase of Shares The Company acknowledges and agrees that the Investor is acting solely in the capacity of an arm’s length investor with respect to the Registered Offering Transaction Documents and the transactions contemplated hereby and thereby. The Company further acknowledges that the Investor is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to the Registered Offering Transaction Documents and the transactions contemplated hereby and thereby and any advice given by the Investor or any of its respective representatives or agents in connection with the Registered Offering Transaction Documents and the transactions contemplated hereby and thereby is merely incidental to the Investor’s purchase of the Securities, and is not being relied on by the Company. The Company further represents to the Investor that the Company’s decision to enter into the Registered Offering Transaction Documents has been based solely on the independent evaluation by the Company and its representatives.

  • Purchase of Shares For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in cash, the Company hereby issues the Shares to the Subscriber, and the Subscriber hereby purchases the Shares from the Company, subject to forfeiture, on the terms and subject to the conditions set forth in this Agreement. Concurrently with the Subscriber’s execution of this Agreement, the Company shall, at its option, deliver to the Subscriber a certificate registered in the Subscriber’s name representing the shares (the “Original Certificate”), or effect such delivery in book-entry form.