Purchase and Sale Clause Example with 21 Variations from Business Contracts
This page contains Purchase and Sale clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the purchase price set forth in Schedule I hereto, the number of Firm Units set forth opposite such Underwriter's name in Schedule II hereto. (b) Subject to the terms and conditions and in reliance upon the representations and warranties her...ein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of Option Units set forth in Schedule I hereto at the same purchase price per Unit as the Underwriters shall pay for the Firm Units. Said option may be exercised in whole or in part at any time on or before the 30th day after the date of the Final Prospectus upon written or electronic notice by the Representatives to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives in their absolute discretion shall make to eliminate any fractional Units.View More
Variations of a "Purchase and Sale" Clause from Business Contracts
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each the Underwriter, and each the Underwriter agrees, severally and not jointly, agrees to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $49.59 per Unit, the number of Firm Units set forth opposite such the Underwriter's name in on Schedule II I hereto. (b) Subject to the terms and conditions and in relian...ce upon the representations and warranties herein set forth, the Partnership hereby grants an option to the several Underwriters Underwriter to purchase, severally and not jointly, purchase up to the number of 3,150,000 Option Units set forth in Schedule I hereto at the same purchase price per Unit as the Underwriters Underwriter shall pay for the Firm Units. Units set forth on Schedule I hereto. Said option may be exercised in whole or in part at any time and from time to time on or before the 30th day after the date of the Final Prospectus upon written or electronic telegraphic notice by the Representatives Representative to the Partnership setting forth the number of Option Units as to which the several Underwriters are Underwriter is exercising the option and the Option Closing Date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives in their absolute discretion shall make to eliminate any fractional Units. settlement date. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $25.68 per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms and conditions and in reliance upon the... representations and warranties herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of an aggregate 510,000 Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per unit equal to any dividends or distributions declared by 18 the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised in whole or in part at any time on or before the 30th day after the date of the Final Prospectus upon written or electronic notice by the Representatives Underwriters to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives Underwriters in their absolute discretion shall make to eliminate any fractional Units. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations representations, warranties and warranties covenants herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a 18 purchase price set forth in Schedule I hereto, of $73.09875 per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the t...erms and conditions and in reliance upon the representations representations, warranties and warranties covenants herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of 1,612,500 Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per Option Unit equal to any distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised in whole or from time to time in part at any time on or before the 30th day after the date of the Final Prospectus upon written or electronic telegraphic notice by the Representatives Representative to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives Representative in their its absolute discretion shall make to eliminate any fractional Units. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations representations, warranties and warranties covenants herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $70.86 per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms a...nd conditions and in reliance upon the representations representations, warranties and warranties covenants herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of 847,500 Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per Option Unit equal to any distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised in whole or from time to time in part at any time on or before the 30th day after the date of the Final Prospectus upon written or electronic telegraphic notice by the Representatives Underwriters to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives Underwriters in their absolute discretion shall make to eliminate any fractional Units. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations representations, warranties and warranties covenants herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $73.53 per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms a...nd conditions and in reliance upon the representations representations, warranties and warranties covenants herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of 1,237,500 Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per Option Unit equal to any distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised in whole or from time to time in part at any time on or before the 30th day after the date of the Final Prospectus upon written or electronic telegraphic notice by the Representatives to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives in their its absolute discretion shall make to eliminate any fractional Units. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $[●] per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms and conditions and in reliance upon the r...epresentations representations, warranties and warranties covenants herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of [●] Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per Option Unit equal to any distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised only to cover over-allotments in the sale of the Firm Units by the Underwriters. Said option may be exercised in whole or in part at any time on or before the 30th day after the date of the Final Prospectus upon written or electronic notice by the Representatives to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives you in their your absolute discretion shall make to eliminate any fractional Units. shares. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $18.85 per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms and conditions and in reliance upon the... representations and warranties herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of 1,687,500 Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per unit equal to any dividends or distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised only to cover over-allotments in the sale of the Firm Units by the Underwriters. Said option may be exercised in whole or from time to time in part at any time on or before the 30th day after the date of the Final Prospectus upon written written, electronic or electronic telegraphic notice by the Representatives to the Partnership setting forth the number of 22 Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives in their absolute discretion shall make to eliminate any fractional Units. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $16.00125 per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms and conditions and in reliance upon ...the representations and warranties herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of 1,093,545 Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per unit equal to any dividends or distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised only to cover over-allotments in the sale of the Firm Units by the Underwriters. Said option may be exercised in whole or from time to time in part at any time on or before the 30th day after the date of the Final Prospectus upon written written, electronic or electronic telegraphic notice by the Representatives to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives in their absolute discretion shall make to eliminate any fractional Units. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $[●] per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms and conditions and in reliance upon the r...epresentations and warranties herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of [●] Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per unit equal to any dividends or distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised only to cover over-allotments in the sale of the Firm Units by the Underwriters. Said option may be exercised in whole or from time to time in part at any time on or before the 30th day after the date of the Final Prospectus upon written written, electronic or electronic telegraphic notice by the Representatives to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several 22 Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives in their absolute discretion shall make to eliminate any fractional Units. View More
Purchase and Sale. (a) Subject to the terms and conditions and in reliance upon the representations and warranties herein set forth, the Partnership agrees to sell to each Underwriter, and each Underwriter agrees, severally and not jointly, to purchase from the Partnership, at the a purchase price set forth in Schedule I hereto, of $[•] per unit, the number amount of the Firm Units set forth opposite such Underwriter's name in Schedule II I hereto. (b) Subject to the terms and conditions and in reliance upon the r...epresentations and warranties herein set forth, the Partnership hereby grants an option to the several Underwriters to purchase, severally and not jointly, up to the number of [•] Option Units set forth in Schedule I hereto at the same purchase price per Unit unit as the Underwriters shall pay for the Firm Units, less an amount per unit equal to any dividends or distributions declared by the Partnership and payable on the Firm Units but not payable on the Option Units. Said option may be exercised only to cover over-allotments in the sale of the Firm Units by the Underwriters. Said option may be exercised in whole or from time to time in part at any time on or before the 30th day after the date of the Final Prospectus upon written written, electronic or electronic telegraphic notice by the Representatives to the Partnership setting forth the number of Option Units as to which the several Underwriters are exercising the option and the Option Closing Date. settlement date. The number of Option Units to be purchased by each Underwriter shall be the same percentage of the total number of Option Units to be purchased by the several Underwriters as such Underwriter is purchasing of the Firm Units, subject to such adjustments as the Representatives in their absolute discretion shall make to eliminate any fractional Units. View More
