Common use of Minimum Gross Proceeds Clause in Contracts

Minimum Gross Proceeds. The Company shall have received at or prior to the Closing aggregate gross proceeds of at least $25,000,000 with respect to Shares to be sold pursuant to this Agreement and the Additional Agreements at a price per share equal to the Purchase Price.

Appears in 1 contract

Samples: Securities Purchase Agreement (QCR Holdings Inc)

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Minimum Gross Proceeds. The Company shall have received receive at or prior to the Closing aggregate gross proceeds from the sale of Shares of at least $25,000,000 with respect to Shares to be sold pursuant to this Agreement and the Additional Agreements 33,850,000, 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (First Bancorp /Nc/)

Minimum Gross Proceeds. The Company shall have received receive at or prior to the Closing aggregate gross proceeds from the sale of Shares of at least $25,000,000 with respect to Shares to be sold pursuant to this Agreement and the Additional Agreements 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Pathfinder Bancorp, Inc.)

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Minimum Gross Proceeds. The Company shall have received receive at or prior to the Closing aggregate gross proceeds from the sale of Shares of at least $25,000,000 with respect to Shares to be sold pursuant to this Agreement (net of brokerage commissions and the Additional Agreements 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.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bancorp 34, Inc.)

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