Common use of Amount of Subscriber's Right Clause in Contracts

Amount of Subscriber's Right. of First Refusal. The amount of securities which a Subscriber is entitled to purchase in such a Future Offering shall be a number obtained by multiplying the aggregate amount of securities being offered in the Future Offering by a fraction, the numerator of which is the purchase price of the Preferred Stock purchased by the Subscriber pursuant to this Agreement and the denominator of which is the aggregate dollar amount of Preferred Stock placed in this Offering.

Appears in 3 contracts

Samples: Subscription Agreement (Viragen Inc), Subscription Agreement (Franklin Telecommunications Corp), Subscription Agreement (Ancor Communications Inc /Mn/)

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Amount of Subscriber's Right. of First Refusal. The amount of securities which a Subscriber is entitled to purchase in such a Future Offering shall be a number obtained by multiplying the aggregate amount of securities being offered in the Future Offering by a fraction, the numerator of which is the purchase price of the Preferred Stock purchased by the Subscriber pursuant to this Subscription Agreement and the denominator of which is the aggregate dollar amount of Preferred Stock placed in this Offering.

Appears in 1 contract

Samples: Subscription Agreement (Ancor Communications Inc /Mn/)

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Amount of Subscriber's Right. of First Refusal. The amount of securities which a Subscriber is entitled to purchase in such a Future Offering shall be a number obtained by multiplying the aggregate amount of securities being offered in the Future Offering by a fraction, the numerator of which is the purchase price of the Preferred Stock Convertible Notes purchased by the Subscriber pursuant to this Agreement and the denominator of which is the aggregate dollar amount of Preferred Stock Convertible Notes placed in this Offering.

Appears in 1 contract

Samples: Subscription Agreement (Ea Industries Inc /Nj/)

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