PURCHASE PRICE FOR THE CLASS C STOCK Clause Samples

PURCHASE PRICE FOR THE CLASS C STOCK. (a) As consideration for the Purchase, NMC shall pay a per share purchase price equal to the sum of (i) $1,000, plus (ii) the accrued Premium (as defined in the Certificate of Designation) thereon from (but excluding) September 18, 1997 through (but excluding) the Closing Date, plus (iii) an amount equal to 18% per annum on the sum of (i) and (ii) calculated from (but excluding) September 18, 1997 through (but excluding) the Closing Date, plus (iv) any other amounts which may become payable to the Class C Holders pursuant to Paragraph A of Article VI of the Certificate of Designation after the date hereof and prior to the Closing Date (the "Purchase Price"). (b) Provided that the Merger Agreement has not been terminated in accordance with the provisions thereunder (such termination date, the "Merger Termination Date") and subject to the terms and conditions set forth in Section 5.27 of the Merger Agreement, in the event NMC does not have adequate funds to pay the Purchase Price when due, VVI agrees that it shall advance to NMC the full amount of the Purchase Price on or before the Closing Date, or otherwise take reasonable steps to assure payment of the Purchase Price.
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Related to PURCHASE PRICE FOR THE CLASS C STOCK

  • Purchase Price; Number of Shares The registered holder of this Warrant (the “Holder”), commencing on the date hereof, is entitled upon surrender of this Warrant with the subscription form annexed hereto duly executed, at the principal office of the Company, to purchase from the Company, at a price per share of $3.89 (the “Purchase Price”), 51,414 fully paid and nonassessable shares of the Company’s Series A-1 Preferred Stock, $0.0001 par value (the “Preferred Stock”). Until such time as this Warrant is exercised in full or expires, the Purchase Price and the securities issuable upon exercise of this Warrant are subject to adjustment as hereinafter provided. The person or persons in whose name or names any certificate representing shares of Preferred Stock is issued hereunder shall be deemed to have become the holder of record of the shares represented thereby as at the close of business on the date this Warrant is exercised with respect to such shares, whether or not the transfer books of the Company shall be closed.

  • Certificate of Adjusted Purchase Price or Number of Shares Whenever an adjustment is made as provided in Section 11 or 13 hereof, the Company shall promptly (a) prepare a certificate setting forth such adjustment, and a brief statement of the facts accounting for such adjustment, (b) file with the Rights Agent and with each transfer agent for the Common Stock and the Preferred Stock a copy of such certificate and (c) mail a brief summary thereof to each holder of a Right Certificate in accordance with Section 25 hereof (if so required under Section 25 hereof). The Rights Agent shall be fully protected in relying on any such certificate and on any adjustment therein contained and shall not be deemed to have knowledge of any such adjustment unless and until it shall have received such certificate.

  • Amount of Purchase Price The purchase price (“Purchase Price”) per Share for each Share which Optionee is entitled to purchase under the Options shall be $2.25 per Share.

  • Cash Purchase Price The term "Cash Purchase Price" shall have the meaning set forth in Section 2.3(a).

  • Adjustment of Purchase Price and Number of Shares The number of shares of Common Stock issuable upon exercise of this Warrant (or any shares of stock or other securities or property receivable or issuable upon exercise of this Warrant) and the Purchase Price are subject to adjustment upon occurrence of the following events: