Purchase and Sale of Purchased Shares Contract Clauses (18)

Purchase and Sale of Purchased Shares. (a) Purchase of the Common Stock. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 5 and 6 below, the Company shall issue and sell to each Buyer, free and clear of any Liens (other than Liens incurred by the Buyer, restrictions arising under applicable securities laws, or restrictions imposed by the Transaction Documents), and each Buyer agrees, severally and not jointly, to purchase from the Company on the Closing Date (as defined below), such number of Purchased ...Shares indicated next to such Buyer's name on Schedule A (the "Closing"). (b) Closing Date. The date, time and place of the Closing (the "Closing Date") shall be on May 5, 2020 after notice of satisfaction (or waiver) of the conditions to the Closing set forth in Sections 5 and 6 below, remotely by electronic exchange of Closing documentation upon mutual agreement among the Company and the Buyer (or such other date, time and place as is mutually agreed to by the Company and the Buyer). (c) Purchase Price. Each Buyer shall pay $20.00 for each Purchased Share to be purchased by the Buyer at the Closing (the "Purchase Price"), for an aggregate Purchase Price to be paid by such Buyer as indicated on Schedule A (the "Aggregate Purchase Price"). (d) Form of Payment. On the Closing Date, subject to the receipt of evidence of issuance of the Purchased Shares referred to in Section 6(a)(1), each Buyer shall pay the its Aggregate Purchase Price to the Company for the Purchased Shares to be purchased by it at the Closing, by wire transfer of immediately available funds in accordance with the Company's written wire instructions, and (ii) the Company shall issue to such Buyer in book-entry form the number of Purchased Shares indicated next to such Buyer's name on Schedule A. View More