Purchase and Sale of Note and Warrant Clause Example from Business Contracts

Purchase and Sale of Note and Warrant. a. Purchase of Note and Warrant. On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company the Note and Warrant. b. Form of Payment. On the Closing Date, (i) the Buyer shall fund the principal amount for the Note and Warrant to be issued and sold to it at the Closing (as defined below) by wire transfer of immediately available funds to the Company, in accordance with the Company's written wiring instructions, against d...elivery of the Note and Warrant, and (ii) the Company shall deliver such duly executed Note and Warrant on behalf of the Company, to the Buyer, against delivery of the purchase price thereof. c. Closing Date. The date and time of the issuance and sale of the Note and Warrant pursuant to this Agreement (the "Closing Date") shall be on or about simultaneous with the execution and delivery of this Agreement, or such other mutually agreed upon time. The closing of the transactions contemplated by this Agreement (the "Closing") shall occur on the Closing Date at such location as may be agreed to by the parties. d. Closing. On the Closing Date, upon the terms and subject to the conditions set forth herein, the Company agrees to sell, and the Buyer agrees to purchase, the Note and Warrant as set forth on each Buyer's signature page hereto. At any closing hereunder, the Company shall deliver to each Buyer its respective Note and Warrant. View More