Common use of Minimum Gross Proceeds Clause in Contracts

Minimum Gross Proceeds. The Company shall receive at the Closing aggregate gross proceeds from the sale of Shares of $15,000,001.73 at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Price.

Minimum Gross Proceeds. The Company shall have received (or shall receive at concurrently with the Closing Closing) aggregate gross proceeds from the sale of the Series B Preferred Shares to all Purchasers of $15,000,001.73 at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Pricenot less than $ 28,000,000.

Minimum Gross Proceeds. The Company shall receive at the Closing aggregate gross proceeds from the sale of Shares of at least $15,000,001.73 14,411,653, at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Price.

Minimum Gross Proceeds. The Company shall receive at the Closing aggregate gross proceeds from the sale of Shares of at least $15,000,001.73 13.0 million, at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Price.

Minimum Gross Proceeds. The Company shall receive at the Closing aggregate gross proceeds from the sale of Shares of at least $15,000,001.73 25,000,000 (net of brokerage commissions and other offering expenses) at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Price.

Minimum Gross Proceeds. The Company shall receive have received at or prior to the Closing aggregate gross proceeds from of at least $25,000,000 with respect to Shares to be sold pursuant to this Agreement and the sale of Shares of $15,000,001.73 Additional Agreements at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Price.

Minimum Gross Proceeds. The Company shall have received (or shall receive at concurrently with the Closing aggregate Closing) gross proceeds from the sale of Shares of $15,000,001.73 the Common Shares, at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder in an aggregate number amount of Shares equal to such gross proceeds divided by the Purchase Pricenot less than $16,292,751.50.

Minimum Gross Proceeds. The Company shall receive at the Closing aggregate gross proceeds from the sale of Shares of at least $15,000,001.73 15,000,000 but no more than $21,000,000 at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by the Purchase Price.

Minimum Gross Proceeds. The Company shall receive at the Closing aggregate gross proceeds from the sales of Shares to the Purchasers and the sale of Shares shares of Common Stock to the Other Investors of at least $15,000,001.73 18.0 million, at a price per share equal to the Purchase Price, and shall simultaneously issue and deliver at the Closing to the Purchasers hereunder an aggregate number of Shares equal to such gross proceeds divided by not less than the Purchase Price.