Aggregate Investment. Each Purchaser understands that his, her or its subscription for the Securities forms part of a larger offering of Securities by the Company as described herein. Each Purchaser understands that there is no minimum aggregate subscription required to close the Offering.
Aggregate Investment. Purchasers shall have agreed by signing this Agreement, subject to the conditions to Closing contemplated in this Agreement, to purchase Purchased Shares for an aggregate purchase price of no less than $35 million.
Aggregate Investment. The aggregate number of Preferred Shares purchased hereunder by all Purchasers shall be 400,000.
Aggregate Investment. The obligation of each Purchaser to consummate the purchase of the Subordinated Notes to be purchased by it at Closing and to effect the Disbursement is subject to delivery by or at the direction of Company to such Purchaser evidence that the aggregate initial principal amount of Subordinated Notes to be sold at Closing pursuant to this Agreement and the Additional Note Purchase Agreements equals or exceeds $15,000,000.
Aggregate Investment. The aggregate number of Shares purchased hereunder by all Purchasers shall be not less than 4,000,000 and not greater than 4,500,000 and the aggregate number of Warrants issued hereunder by all Purchasers shall be not less than 4,000,000 and not greater than 4,500,000. A minimum of 1,500,000 of such Shares shall be purchased by Purchasers other than the Funds. The 104,000 Shares to be purchased and the 104,000 Warrants to be acquired by certain noteholders and delivered as set forth in Section 1(c)(ii) shall not be included for purposes of determining if the conditions set forth in this Section 6(i) shall be satisfied. Pursuant to Section 1(b)(ii), any Shares that shall be sold and Warrants that shall be delivered at any Interim Closing shall be deemed purchased and delivered at the First Closing and shall not be included for purposes of determining if the conditions set forth in this Section 6(i) shall be satisfied with respect to the Second Closing.
Aggregate Investment. Each Purchaser understands that his, her or its subscription for the Subordinated Notes and Warrants forms part of a larger offering of Subordinated Notes and Warrants by the Company for gross proceeds to the Company of $2,500,000. (n) Securities Transactions. No Purchaser has engaged, directly or indirectly, and no Person or entity acting on behalf of or pursuant to any understanding with such Purchaser has engaged, in any purchases or sales of any securities of the Company since the time such Purchaser was first contacted by the Company, or by any other Person or entity, regarding an investment in the Company, including this Agreement and the transactions contemplated herein. (o) No Legal, Tax or Investment Advice. Each Purchaser understands that nothing in this Agreement or any other materials presented by or on behalf of the Company to him, her or it in connection with this Agreement and the transactions contemplated herein, including the prospective investment in the Subordinated Notes, the Warrants, and Warrant Shares, constitutes legal, tax or investment advice. Each Purchaser has consulted such legal, tax and investment advisors as he, she or it, in his, her or its sole discretion, has deemed necessary or appropriate in the circumstances. The Purchaser is not relying on the Company or its counsel in this regard. ARTICLE IV
Aggregate Investment. Each Purchaser understands that his, her or its subscription for the Convertible Debentures forms part of a larger offering of Convertible Debentures by the Company for gross proceeds to the Company of a maximum of $350,000. There is no minimum aggregate subscription required to close the Offering.
Aggregate Investment. The Company shall have issued and sold to the Purchasers at least 2,000,000 Shares at an aggregate purchase price of $8,000,000.
Aggregate Investment. The Lender understands that his, her or its subscription for the Notes forms part of a larger offering of Notes by the Company for gross proceeds to the Company of a maximum of $5,000,000. There is no minimum aggregate subscription required to close the Offering. The Lender has been informed that the Company has signed a confidential, non-binding preliminary term sheet with Volation Capital Partners, pursuant to which the Company could potentially sell up to $5,000,000 of 10% redeemable preferred stock, common stock warrant coverage. The Company has not yet executed any definitive documents with respect to such transaction.
Aggregate Investment. The Company shall have received funds at the Closing for an aggregate investment amount equal to or exceeding $11,500,000.
