Purchase of Stock Sample Clauses
The "Purchase of Stock" clause defines the terms and conditions under which one party agrees to buy shares of stock from another party. It typically outlines the number of shares to be purchased, the purchase price, payment method, and the timing of the transaction. For example, it may specify that the buyer will acquire 1,000 shares at a set price per share, payable upon closing. This clause ensures both parties have a clear understanding of the stock sale process, reducing the risk of disputes and providing a structured framework for the transfer of ownership.
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Purchase of Stock. Upon Anacor's request, GSK shall purchase a total of Ten Million Dollars ($10,000,000) of Anacor equity in the first round of financing by Anacor after the Effective Date that is either (a) an initial public offering or (b) a private equity offering led by an independent investor and in which GSK's investment is less than fifty (50%) of the total funding in the financing with rights (other than board representation and visitor rights) that are pari passu with the investors in such financing. Such purchase and issuance of Anacor equity shall be subject to the terms of a mutually agreed separate stock purchase agreement and other agreements and related documents executed pursuant thereto. In the event of a registered public offering, including an initial public offering, GSK agrees that any shares purchased pursuant to the equity commitment hereunder that are not part of the initial public offering shall be subject to the same lock-up and underwriter offering limitations required of the other stockholders of Anacor. In the event of a private offering, GSK agrees that any shares purchased pursuant to the equity commitment hereunder shall be parri passu with other preferred shareholders purchasing in the same offering as GSK.
Purchase of Stock. 2 Section 1.1
Purchase of Stock. On the terms and subject to the conditions set forth in this Agreement, on the Closing Date, the Seller agrees to sell, transfer, assign, convey and deliver to the Buyer, and the Buyer agrees to purchase, acquire and accept from the Seller, all of the right, title and interest as of the Closing Date of the Seller in and to the Shares.
Purchase of Stock. After the date of this Agreement, the Company shall purchase from Seller, shares of Seller Stock as follows:
(a) At the end of the last Trading Day (as defined below) of each calendar week hereafter until the termination of this Agreement, the Company shall cause its Broker to provide a report (the “Report”) setting forth for such calendar week (i) the date of each purchase of Common Stock under the Purchase Plan, (ii) the number of shares of Common Stock purchased, (ii) the applicable price paid per share of Common Stock purchased (including the weighted average price per share for all shares of Common Stock purchased during such week), (iv) the applicable settlement date, and (v) the applicable transaction costs owed to the Broker for executing the purchase (the information in subclauses (i) through (iv) is collectively referred to as the “Purchase Information”).
(b) Upon receipt of the Report, the Company shall promptly provide notice (and in no event no later than the end of the day on which the Company receives the Report) to Seller setting forth (i) the Purchase Information, (ii) the number of shares of Seller Stock which the Company will purchase from Seller, and (iii) the Purchase Price (as defined below) (the “Purchase Notice”). The number of shares of Seller Stock to be purchased by the Company shall be equal to equal to the product of 0.4085 times the number of shares of Common Stock purchased by the Broker as reflected in the Report (rounded up to the nearest whole share). The purchase of the Seller Stock shall occur on the first Trading Day following the date of the Report.
Purchase of Stock. 1.1 Definition Reference. Certain capitalized terms are defined in Section 8.1.
Purchase of Stock. Upon the delivery to Statesman of the first Receivables Certificate hereunder the Cooperative will purchase Statesman Class A Preferred Stock with such par value as will cause it to have a Minimum Class A Investment in Statesman Class A Preferred Stock and on each TAPOS Determination Date thereafter it will acquire such additional Statesman Class A Preferred Stock if any as may be necessary for it to maintain a Minimum Class A Investment.
Purchase of Stock. At the closing of this Agreement (the "Closing"), ------------------ upon the basis of the covenants, warranties and representations of the Purchaser set forth in this Agreement, the Sellers will sell, transfer, assign, and deliver to the Purchaser shares of the Stock, free and clear of all -------- liens and encumbrances, except as otherwise may be permitted hereunder.
Purchase of Stock. The Purchaser hereby agrees to purchase and the Company agrees to sell to the Purchaser 153,848 shares of Stock at a price of $6.499922 per share for the aggregate purchase price of $1,000,000 (the "Purchase Price"). The closing of the purchase of such Stock shall take place at the "Closing," subject to the satisfaction (or waiver) of the conditions thereto set forth in Sections 1.2 and 1.3 below:
Purchase of Stock. 7 ss.2.2 Price ..................................................... 8 ss.2.3
Purchase of Stock. (a) Subject to the terms and conditions hereinafter set forth, the Purchaser hereby subscribes for and shall purchase, and the Company shall sell to the Purchaser, the Purchase Stock at the Per Share Purchase Price on ((Purchase_Date)) (the "Purchase Date"). The Company shall have no obligation to sell any Purchase Stock to any person who (i) is a resident or citizen of a state or other jurisdiction in which the sale of the Purchase Stock to him or her would constitute a violation of the securities or "blue sky" laws of such jurisdiction or (ii) is not an employee of the Company or any of its subsidiaries on the Purchase Date.
(b) The aggregate price for the Purchase Stock shall be ((Purchase_Price)) (such amount hereinafter sometimes referred to as the "Purchase Price"). The Purchase Price shall be paid in the following manner: the Purchaser shall deliver to the Company on the Purchase Date cash or a certified bank check or checks payable to the order of the Company in the amount of ((Original_Cash_Payment)) and a promissory note in the principal amount of $((Note_Amount)), representing the aggregate amount of the Purchase Price. On the Purchase Date, in consideration of receipt of the Purchase Price, the Company will issue to the Purchaser a certificate, registered in the Purchaser's name, for the Purchase Stock, which shall be subject to the terms and conditions hereinafter set forth.
(c) Subject to the terms and conditions hereinafter set forth and upon and as of the Purchase Date, the Company shall issue to the Purchaser the Initial Option and the Parties shall execute and deliver to each other copies of the Non-Qualified Stock Option Agreement concurrently with the issuance of the Initial Option.