Purchase and Sale Clause Example from Business Contracts

Purchase and Sale. Upon the terms and subject to the conditions set forth in this Agreement, the Company hereby agrees to issue, sell, assign, transfer and deliver to Subscriber, and Subscriber hereby agrees to purchase and accept delivery from the Company, the Shares, free of all liens, pledges, mortgages, security interests, charges, restrictions, adverse claims or other encumbrances of any kind or nature whatsoever ("Encumbrances"). In consideration thereof, and subject to the terms and conditions set forth in ...this Agreement, (i) the Subscriber shall pay the Purchase Price to the Company by wire transfer of immediately available funds in accordance with the instructions on Schedule I hereto and (ii) the Company shall cause the Shares and the Common Stock Purchase Warrant (the "Warrant) to be issued to the Subscriber by no later than three (3) business days from the date of delivery of the Purchase Price. View More