Purchase Price; Form of Payment Clause Samples
The 'Purchase Price; Form of Payment' clause defines the total amount the buyer must pay to acquire the goods, services, or assets under the agreement, as well as the method by which this payment will be made. It typically specifies whether payment will be made in cash, by wire transfer, check, or other means, and may outline any installment schedules, deposits, or conditions for payment. This clause ensures both parties have a clear understanding of the financial terms, reducing the risk of disputes over payment expectations and providing a framework for the transaction's financial execution.
Purchase Price; Form of Payment. The purchase price for the Preferred Shares and the Warrants to be purchased by Buyer hereunder shall be $2,000,000 (the "PURCHASE PRICE"). Simultaneously with the execution of this Agreement, Buyer shall pay the Purchase Price by wire transfer of immediately available funds to the escrow agent (the "ESCROW AGENT") identified in those certain Escrow Instructions of even date herewith, a copy of which is attached hereto as Exhibit C (the "ESCROW INSTRUCTIONS"). Simultaneously with the execution of this Agreement, the Company shall deliver one or more duly authorized, issued and executed certificates (I/N/O Buyer or, if the Company otherwise has been notified, I/N/O Buyer's nominee) evidencing the Preferred Shares and the Warrants which Buyer is purchasing, to the Escrow Agent or its designated depository. By executing and delivering this Agreement, Buyer and the Company each hereby agree to observe the terms and conditions of the Escrow Instructions, all of which are incorporated herein by reference as if fully set forth herein.
Purchase Price; Form of Payment. The purchase price for the Debenture to be purchased by Buyer hereunder shall be $250,000 (the "Purchase Price"). Simultaneously with the execution of this Agreement, Buyer shall pay the Purchase Price by wire transfer of immediately available funds to the Company. Simultaneously with the execution of this Agreement, the Company shall deliver the Convertible Debenture and the Conversion Warrants (which shall have been duly authorized, issued and executed I/N/O Buyer or, if the Company otherwise has been notified, I/N/O Buyer's nominee).
Purchase Price; Form of Payment. The purchase price for the Debenture to be purchased by Holder hereunder shall be $1,000,000 (the “Purchase Price”). Simultaneously with the execution of this Agreement, Holder shall pay the Purchase Price by wire transfer of $100,000 in immediately available funds to the Company and delivery to the Company of a Secured Promissory Note in the principal amount of $900,000, in the form attached hereto as Exhibit A (the “Promissory Note”). Simultaneously with the execution of this Agreement, the Company shall deliver the Debenture (which shall have been duly authorized, issued and executed I/N/O Holder or, if the Company otherwise has been notified, I/N/O Holder’s nominee) to the Holder.
Purchase Price; Form of Payment. The purchase price for the Debenture to be purchased by Buyer hereunder shall be $500,000 (the "Purchase Price"). Simultaneously with the execution of this Agreement, Buyer shall pay $250,000 of the Purchase Price (the" Initial Purchase Price") by wire transfer of immediately available funds to the Company. Simultaneously with the execution of this Agreement, the Company shall deliver the Convertible Debenture and the Conversion Warrants (which shall have been duly authorized, issued and executed I/N/O Buyer or, if the Company otherwise has been notified, I/N/O Buyer's nominee). Upon notification and verification that the Registration Statement for the Conversion Shares (as defined below) and the shares of Common Stock issuable upon exercise of the Conversion Warrants (the "Warrant Shares") has been declared effective by the Securities and Exchange Commission, Buyer shall immediately send via wire the remainder of the Purchase Price.
Purchase Price; Form of Payment. The purchase price for the Preferred Stock and Warrants to be purchased by each Buyer hereunder shall be equal to ten thousand dollars ($10,000) times the number of shares of Preferred Stock purchased (the "Purchase Price"). Each Buyer shall pay the Purchase Price on the date hereof by wire transfer of immediately available funds to the escrow agent (the "Escrow Agent") identified in those certain Escrow Instructions of even date herewith, a copy of which is attached hereto as Annex II (the "Escrow Instructions"). Simultaneously against receipt by the Escrow Agent of the Purchase Price, the Company shall deliver one or more duly authorized, issued and executed certificates (I/N/O Buyer) evidencing the Securities, to the Escrow Agent or its designated depository. By executing and delivering this Agreement, Buyer and the Company each hereby agrees to observe the terms and conditions of the Escrow Instructions, all of which are incorporated herein by reference as if fully set forth herein.
Purchase Price; Form of Payment. The aggregate purchase price for the Shares and the Warrants to be purchased by each Investor (the “Purchase Price”) shall be the amount set forth opposite such Investor’s name in column (2) on Schedule I. On the Closing Date: (i) each Investor shall pay its respective Purchase Price to the Company for the Shares and the Warrants to be issued and sold to such Investor at the Closing, by wire transfer of immediately available funds in accordance with the Company’s written wire instructions; and (ii) the Company shall deliver to each Investor one or more certificates representing such aggregate number of Common Shares as is set forth opposite such Investor’s name in column (3) of Schedule I, and a Warrant pursuant to which such Investor shall have the right to acquire up to such number of Warrant Shares as is set forth opposite such Investor’s name in column (4) of Schedule I, in all cases, duly executed on behalf of the Company and registered in the name of such Investor or its designee.
Purchase Price; Form of Payment. The aggregate purchase price for the Shares and the Warrants to be purchased by each Investor (the “Purchase Price”) shall be the amount set forth opposite such Investor’s name in column (2) on Schedule I. On the Closing Date, (i) each Investor shall pay its respective Purchase Price to the Company for the Shares and the Warrants to be issued and sold to such Investor at the Closing, by wire transfer of immediately available funds in accordance with the Company’s written wire instructions; provided however, each Bridge Investor shall pay its respective Purchase Price in full by the delivery by such Bridge Investor to the Company of such Bridge Investor’s Bridge Note; and provided further that if the principal amount of such Bridge Investor’s Bridge Note is greater than such Bridge Investor’s Purchase Price and such amount in excess of such Bridge Investor’s Purchase Price is not paid by the Company on behalf of the Acquiree at Closing pursuant to Section 5.4 hereof, the Acquiree shall issue a replacement promissory note (each, a “Replacement Note” and collectively the “Replacement Notes”) on the same terms and conditions as the Bridge Note for such balance amount; and (ii) the Company shall deliver to each Investor certificates representing (A) such aggregate number of Common Shares as is set forth opposite such Investor’s name in column (3) of Schedule I, (B) a Series A Warrant pursuant to which such Investor shall have the right to initially acquire up to such number of Series A Warrant Shares as is set forth opposite such Investor’s name in column (4) of Schedule I and (C) a Series B Warrant pursuant to which such Investor shall have the right to initially acquire up to such number of Series B Warrant Shares as is set forth opposite such Investor’s name in column (5) of Schedule I, in all cases, duly executed on behalf of the Company and registered in the name of such Investor or its designee. Each of the Bridge Investors and the Company acknowledge and agree that immediately following the Closing, the Bridge Notes shall each be terminated or cancelled, as applicable; provided however that the Replacement Notes, if any, shall remain in full force and effect.
Purchase Price; Form of Payment. The total purchase price for the Preferred Shares and the Warrants to be purchased by Buyer hereunder shall be $540,000 (the "Purchase Price"). Subject to the terms and conditions of this Agreement and those certain Escrow Instructions of even date herewith, a copy of which is attached hereto as Exhibit C (the "Escrow Instructions"), Buyer shall pay to the Company $540,000 minus the deductions as set forth in the Escrow Instructions (the "Purchase Price") at the date and time of the issuance and sale by the Company of the Preferred Shares and the Warrants (the "Closing") by wire transfer of immediately available funds to the escrow agent (the "Escrow Agent") identified in the Escrow Instructions. Simultaneously with the execution of this Agreement, the Company shall deliver to the Escrow Agent or its designated depository one or more duly authorized, issued and executed certificates (I/N/O Buyer or, if the Company otherwise has been notified, I/N/O Buyer's nominee) evidencing the Preferred Shares and the Warrants. By executing and delivering this Agreement, Buyer and the Company each hereby agrees to observe the terms and conditions of the Escrow Instructions, all of which are incorporated herein by reference as if fully set forth herein.
Purchase Price; Form of Payment. The purchase price for the Debenture to be purchased by Buyer hereunder shall be $250,000 (the "PURCHASE PRICE"). Simultaneously with the execution of this Agreement, Buyer shall pay $250,000 of the Purchase Price (the" Initial Purchase Price") by wire transfer of immediately available funds to the Company. Simultaneously with the execution of this Agreement, the Company shall deliver the Convertible Debenture and the Conversion Warrants (which shall have been duly authorized, issued and executed I/N/O Buyer or, if the Company otherwise has been notified, I/N/O Buyer's nominee).
Purchase Price; Form of Payment. 1. The purchase price for the Preferred Shares and the Warrants to be purchased by Buyer hereunder shall be $1,500,000, less deductions for fees and expenses (the "Purchase Price").
2. Buyer shall pay the Purchase Price by wire transfer of immediately available funds to the escrow agent (the "Escrow Agent") identified in those certain Escrow Instructions dated as of the date hereof, a copy of which is attached hereto as Exhibit C (the "Escrow Instructions"). Simultaneously against receipt by the Escrow Agent of the Purchase Price, the Company shall deliver to the Escrow Agent or its designated depository one or more duly authorized, issued and executed certificates (in the name of Buyer or, if the Company has been notified otherwise, in the name of Buyer's nominee) evidencing the Preferred Shares and the Warrants which the Buyer is purchasing. By executing and delivering this Agreement, Buyer and the Company each hereby agrees to observe the terms and conditions of the Escrow Instructions, all of which are incorporated herein by reference as if fully set forth herein.