Authorization of Offering Clause Samples
Authorization of Offering. The Company has authorized in this Offering the issuance and sale of an aggregate principal amount of $700,000 of its convertible promissory notes, which shall be substantially in the form of Exhibit A attached hereto (the “Notes,” with such term to include any such notes issued in substitution therefor).
Authorization of Offering. The Company has authorized the issuance and sale of 2,000,000 shares (the “Shares”) of the Company’s 7.0% perpetual noncumulative convertible preferred stock, Series A, $0.01 par value per share (the “Preferred Stock”), to certain investors (the “Offering”).