Common use of PURCHASE; CERTAIN DEFINITIONS Clause in Contracts

PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company shares of the Convertible Preferred Stock in the amount set forth on the signature page of this Agreement (the "Initial Preferred Stock"), out of a total offering of $500,000 of such Convertible Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, Voting Powers, Preferences and Rights to the Certificate of Incorporation of the Company attached hereto as ANNEX I (the "Certificate of Designations"). The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto (the "Purchase Price") and shall be payable in United States Dollars. (ii) As used herein, the term "Preferred Stock" means the Initial Preferred Stock, together with all shares, if any, of the Convertible Preferred Stock issued as dividends thereon, unless the context otherwise requires.

Appears in 1 contract

Samples: Securities Purchase Agreement (Citadel Technology Inc)

AutoNDA by SimpleDocs

PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company shares of the Convertible Preferred Stock in the amount set forth on the signature page of this Agreement (the "Initial Preferred Stock"), out of a total offering of $500,000 2,000,000 of such Convertible Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, Voting Powers, Preferences and Rights to the Certificate of Incorporation of the Company attached hereto as ANNEX I (the "Certificate of Designations"). The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto (the "Purchase Price") and shall be payable in United States Dollars. (ii) As used herein, the term "Preferred Stock" means the Initial Preferred StockStock and the Additional Preferred Stock (as defined below), together with all shares, if any, of the Convertible Preferred Stock issued as dividends thereon, unless the context otherwise requires.

Appears in 1 contract

Samples: Securities Purchase Agreement (Bristol Retail Solutions Inc)

PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to initially purchase from the Company shares of the Convertible Preferred Stock in the amount set forth on the signature page of this Agreement (the "Initial Preferred Stock"), out of a total offering of $500,000 3,000,000 of such Convertible Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, Voting Powers, Preferences and Relative, Participating, Optional and Other Special Rights to the Certificate of Incorporation Preferred Stock and Qualifications, Limitations and Restrictions Thereof of Series A Preferred Stock of the Company attached hereto as ANNEX I (the "Certificate of Designations"). The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto (the "Purchase Price") and shall be payable in United States Dollars. (ii) As used herein, the term "Preferred Stock" means the Initial Preferred Stock, together with all shares, if any, of Stock and the Convertible Additional Preferred Stock issued (as dividends thereondefined below), unless the context otherwise requires.

Appears in 1 contract

Samples: Securities Purchase Agreement (Nhancement Technologies Inc)

PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to purchase from the Company shares of the Convertible Preferred Stock in the amount set forth on the signature page of this Agreement (the "Initial Preferred Stock"), out of a total offering of $500,000 3,000,000 of such Convertible Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, Voting Powers, Preferences and Rights to the Certificate of Incorporation of the Company attached hereto as ANNEX Annex I (the "Certificate of Designations"). The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto (the "Purchase Price") and shall be payable in United States Dollars. (ii) As used herein, the term "Preferred Stock" means the Initial Preferred StockStock and the Additional Preferred Stock (as defined below), together with all shares, if any, of the Convertible Preferred Stock issued as dividends thereon, unless the context otherwise requires.

Appears in 1 contract

Samples: Securities Purchase Agreement (Atlantic International Entertainment LTD)

AutoNDA by SimpleDocs

PURCHASE; CERTAIN DEFINITIONS. (i) The undersigned hereby agrees to initially purchase from the Company shares of the Class C 7% Convertible Preferred Stock of the Company, in the amount set forth on the signature page of this Agreement (the "Initial Preferred Stock"), out of a total offering of $500,000 3,500,000.00 in liquidation value of such Convertible Preferred Stock, and having the terms and conditions set forth in the Certificate of Designations, Voting Powers, Preferences and Rights Designations to the Certificate of Incorporation of the Company attached hereto as ANNEX I (the "Certificate of Designations"). The purchase price for the Initial Preferred Stock shall be as set forth on the signature page hereto (the "Purchase Price") and shall be payable in United States Dollars. (ii) As used herein, the term "Preferred Stock" means means, unless the context otherwise requires, (a) the Initial Preferred StockStock and, subject to the provisions of Section 4(g) hereof, the Additional Preferred Stock (as defined below), together with (b) all shares, if any, of the 7% Convertible Preferred Stock issued as dividends thereon, unless the context otherwise requires.

Appears in 1 contract

Samples: Securities Purchase Agreement (Compumed Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!