Purchase of Series C Preferred Stock Sample Clauses

Purchase of Series C Preferred Stock. (a) Purchase and Sale of Shares. Subject to the terms set forth in this Agreement, and in reliance upon the representations, warranties and agreements of Purchaser contained herein, Seller hereby agrees to sell to Purchaser, and Purchaser agrees to purchase, a total of [___________] shares of Series C Preferred Stock (the "Purchased Shares"), at a price of $1.20 per share, which represents an aggregate purchase price of $_______ (the "Purchase Price"), with such transaction to occur on the Purchase Date (as defined below).
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Purchase of Series C Preferred Stock. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, the Company shall issue and sell to the Buyers and the Buyers shall purchase from the Company an aggregate of 175 shares of Series C Preferred Stock, in the respective amounts set forth opposite each Buyer's name on the Schedule of Buyers (the "CLOSING").
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Purchase of Series C Preferred Stock. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7(a) below, the Company shall issue and sell to each of the Buyers and the Buyers shall purchase severally from the Company, in the respective amounts set forth opposite each Buyer's name on the Schedule of Buyers, for an aggregate of $20,000,000 an aggregate of 26,000 shares of Series C-1 Preferred Stock (the "C-1 CLOSING"). Subject to the terms and conditions set forth in Section 1(c) and satisfaction of the conditions set forth in Sections 6 and 7(b), at the option of the Buyers, the Company shall issue and sell to the Buyers and the Buyers shall purchase from the Company up to an aggregate of 26,000 shares of the Series C-2 Preferred Stock at one or more additional closings (each, a "C-2 CLOSING") for $769.23 per share of Series C-2 Preferred Stock. The C-1 Closing and the C-2 Closing are referred to in this Agreement as the "CLOSINGS." On each Closing Date, the Company shall deliver to each Buyer a stock certificate representing such number of shares of Preferred Stock which such Buyer is then purchasing, duly executed on behalf of the Company and registered in the name of such Buyer or its designee (the "STOCK CERTIFICATES").
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Purchase of Series C Preferred Stock. Subject to the terms and conditions hereof, the Purchaser hereby agrees to purchase from the Company, and the Company agrees to sell to the Purchaser (the "Offering"), 100,000 shares of Series C Preferred Stock (the "Shares"). The per share purchase price for the Shares will be $25.225 and the aggregate purchase price for the Shares shall be equal to the per share price multiplied by the number of Shares (the "Purchase Price.)
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Purchase of Series C Preferred Stock 
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Related to Purchase of Series C Preferred Stock

  • Series A Preferred Stock On the Closing Date, each Subscriber shall purchase and the Company shall sell to each such Subscriber, the number of shares of Preferred Stock designated on such Subscriber’s signature page hereto for such Subscriber’s Purchase Price indicated thereon.

  • Purchase of Preferred Shares Subject to the satisfaction (or waiver) of the conditions set forth in Sections 6 and 7 below, on the date hereof (the “Closing Date”) the Company shall issue and sell to the Buyer, and the Buyer agrees to purchase from the Company on the Closing Date the aggregate number of Preferred Shares as is set forth opposite the Buyer’s name in column (3) on the Schedule of Buyers.

  • Preferred Stock Shares of Preferred Stock may be issued from time to time in one or more series, each of such series to have such terms as stated or expressed herein and in the resolution or resolutions providing for the creation and issuance of such series adopted by the Board of Directors as hereinafter provided. Authority is hereby expressly granted to the Board of Directors from time to time to issue the Preferred Stock in one or more series, and in connection with the creation of any such series, by adopting a resolution or resolutions providing for the issuance of the shares thereof and by filing a certificate of designation relating thereto in accordance with the DGCL (a “Certificate of Designation”), to determine and fix the number of shares of such series and such voting powers, full or limited, or no voting powers, and such designations, preferences and relative participating, optional or other special rights, and qualifications, limitations or restrictions thereof, including without limitation thereof, dividend rights, conversion rights, redemption privileges and liquidation preferences, and to increase or decrease (but not below the number of shares of such series then outstanding) the number of shares of any series as shall be stated and expressed in such resolutions, all to the fullest extent now or hereafter permitted by the DGCL. Without limiting the generality of the foregoing, the resolution or resolutions providing for the creation and issuance of any series of Preferred Stock may provide that such series shall be superior or rank equally or be junior to any other series of Preferred Stock to the extent permitted by law and this Second Amended and Restated Certificate (including any Certificate of Designation). Except as otherwise required by law, holders of any series of Preferred Stock shall be entitled only to such voting rights, if any, as shall expressly be granted thereto by this Second Amended and Restated Certificate (including any Certificate of Designation). The number of authorized shares of Preferred Stock may be increased or decreased (but not below the number of shares thereof then outstanding) by the affirmative vote of the holders of a majority of the stock of the Corporation entitled to vote, irrespective of the provisions of Section 242(b)(2) of the DGCL.

  • Preferred Shares The Preferred Shares have been duly and validly authorized, and, when issued and delivered pursuant to this Agreement, such Preferred Shares will be duly and validly issued and fully paid and non-assessable, will not be issued in violation of any preemptive rights, and will rank pari passu with or senior to all other series or classes of Preferred Stock, whether or not issued or outstanding, with respect to the payment of dividends and the distribution of assets in the event of any dissolution, liquidation or winding up of the Company.

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