Authorization and Sale of Shares. The Company is proposing to sell up to 175,000 Shares. The Company reserves the right to increase or decrease this amount.
Authorization and Sale of Shares. The Company has authorized the sale of up to Shares. The Company reserves the right to increase or decrease this number.
Authorization and Sale of Shares. The Fund has authorized the sale of up to _________ (______) Shares. The Fund reserves the right to increase or decrease this number.
Authorization and Sale of Shares. The Company has authorized the sale of up to 3,336,117 (three million three hundred thirty six thousand one hundred and seventeen) Shares. The Company reserves the right to increase or decrease this number.
Authorization and Sale of Shares. (a) The Company will take all requisite corporate action to authorize the issuance and sale of 6,950,000 shares (the "Shares") of Common Stock, $.001 par value per share ("Common Stock"), to Buyer in accordance with the terms of this Agreement.
(b) Upon the terms and subject to the conditions herein contained, at the Closing, the Company will issue and sell to Buyer, and Buyer will purchase from the Company the Shares for a purchase price (the "Purchase Price") of $7,436,500 or $1.07 per share.
Authorization and Sale of Shares. Carbon shall authorize the sale and issuance of 4,500,000 shares of its common stock to Yorktown. Subject to the terms and conditions of this Agreement, Carbon shall issue and sell to Yorktown, and Yorktown shall purchase from Carbon, 4,500,000 shares of Carbon common stock at a total purchase price of $24,750,000 in cash, which is $5.50 per share.
Authorization and Sale of Shares. The Company has authorized the sale of 2,325,000 Shares.
Authorization and Sale of Shares. The Fund has authorized the sale of up to one million two hundred twenty six thousand nine hundred ninety five (1,226,995) Shares. The Fund reserves the right to increase or decrease this number.
Authorization and Sale of Shares. The Company has authorized the sale of up to __________ Shares. The Company reserves the right to increase or decrease this number.
Authorization and Sale of Shares. (A) Subject to the terms and conditions of this Agreement, Purchaser agrees to purchase, and KiOR agrees to sell and issue to Purchaser, that number of shares of Class A Common Stock (the “Shares”) set forth opposite Purchaser’s name under the heading “First Closing” on Exhibit A attached to this Agreement at the First Closing Share Price. The initial purchase and sale of the Shares shall take place remotely via the exchange of documents and signatures immediately following the execution and delivery of this Agreement, subject to the satisfaction of each of the Closing Conditions set forth in Section 3.1(A) below (which time and place are designated as the “First Closing”). At the First Closing, KiOR shall deliver to Purchaser a stock certificate representing the aggregate number of Shares being purchased by Purchaser against payment of the purchase price therefor by wire transfer to the bank account that has been designated by KiOR.
(B) Subject to the terms and conditions of this Agreement, and to the right of Purchaser to exercise its Option Right set forth in Section 1.1(C) below (which right, if exercised, shall terminate such Purchaser’s rights and obligations in respect of a Second Closing), in the event that during the Commitment Period KiOR consummates a Financing Event, then Purchaser shall purchase, and KiOR shall sell, pursuant to the terms and conditions of this Agreement, the Shares at the Second Closing Share Price, in aggregate amount set forth opposite Purchaser’s name under the heading “Second Closing” on Exhibit A attached to this Agreement. Subject to the satisfaction in full of each of the Closing Conditions set forth in Section 3.1(B) and to the execution and delivery of those instruments, certificates and agreements contemplated by this Agreement to be delivered at or prior to the purchase and sale of such Shares, the purchase and sale of such Shares shall take place on the second business day after the satisfaction or waiver of such conditions and the calculation of the Second Closing Share Price (such purchase and sale, the “Second Closing”). At the Second Closing, KiOR shall deliver to Purchaser one or more certificates evidencing the Shares being purchased by Purchaser against payment of the purchase price therefor by wire transfer to the bank account designated by KiOR in the notice referred to in the immediately preceding sentence.
(C) Notwithstanding Section 1.1(B), at any time prior to the earlier to occur of (i) the Second Cl...
