Purchase and Sale of Note Clause Example from Business Contracts

Purchase and Sale of Note. a. Purchase of Notes. On the Closing Date (as defined below), the Company shall issue and sell to the Buyers, and the Buyers shall purchase from the Company, the Notes and Warrants, as further provided herein. b. Form of Payment. On the Closing Date: (i) each Buyer shall pay the purchase price set forth in Annex A hereto (the "Purchase Price") for the Note set forth opposite its respective name, to be issued and sold to it at the Closing (as defined below), by wire transfer of immediately availa...ble funds to the Company, in accordance with the Company's written wiring instructions, against delivery of the Note, and (ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery of such Purchase Price. c. Closing Date. Subject to the satisfaction (or written waiver) of the conditions thereto set forth in Section 6 and Section 7 below, the date and time of the issuance and sale of the Notes pursuant to this Agreement (the "Closing Date") shall be 4:00 PM, Eastern Time on the date first written above, or such other mutually agreed upon time. d. Closing. 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 (including via exchange of electronic signatures). 1 1A. Warrants. On or promptly following the Closing Date, the Company shall issue the Warrants to the Buyers. View More