Sale and Purchase Clause Example from Business Contracts

Sale and Purchase. Upon the basis of the representations and warranties and subject to the terms and conditions herein set forth, each of the Selling Stockholders agrees to sell, in each case severally and not jointly, to the Underwriter, and the Underwriter agrees to purchase the number of Shares set forth opposite its name in Schedule A attached hereto at a purchase price of $50.50 per Share. The Selling Stockholders are advised by you that the Underwriter intends (i) to make a public offering of the Shares as s...oon as advisable after the effective date of the Registration Statement and (ii) initially to offer the Shares upon the terms set forth in the Prospectus. You may from time to time increase or decrease the public offering price after the initial public offering to such extent as you may determine. Subject to the sale of the Shares by the Selling Stockholders to the Underwriter in compliance with the terms of this Agreement, the Underwriter agrees to sell to Holdings, and Holdings agrees to purchase from the Underwriter, 1,683,168 Shares (the "Repurchased Shares") at a purchase price of $50.50 per Share, as described in the Disclosure Package and Prospectus (the "Share Repurchase"). View More