Purchased Preferred Shares Sample Clauses
The 'Purchased Preferred Shares' clause defines the specific class and quantity of preferred shares that an investor is acquiring in a transaction. It typically outlines the rights, privileges, and preferences attached to these shares, such as dividend rates, liquidation preferences, and conversion rights. By clearly specifying the terms and characteristics of the purchased preferred shares, this clause ensures both parties understand the nature of the investment and helps prevent future disputes regarding ownership and entitlements.
Purchased Preferred Shares. The Company shall be prepared to deliver to the Purchaser certificates in definitive form representing the number of Preferred Shares set forth on Schedule A hereto, registered in the name of the Purchaser.
Purchased Preferred Shares. The number of Preferred Shares comprising the Purchased Preferred Shares to be issued and delivered to the Investor at the Closing pursuant to Section 2.1 shall be equal to the quotient of (a) the Preferred Share Investment Amount, divided by (b) the Preferred Share Purchase Price (as defined in Section 2.3.3), rounded up to the nearest whole number of Preferred Shares, which number of Preferred Shares shall be the authorized number of Preferred Shares in the Certificate of Designations.
Purchased Preferred Shares. 2 Purchaser.....................................................................1
Purchased Preferred Shares. The Company shall have delivered to the Purchasers certificates in definitive form representing 1,218,333 Purchased Preferred Shares, registered in the names of the Purchasers as specified in Schedule 2.1.
Purchased Preferred Shares. At the Closing, and subject to and upon the terms and conditions of this Agreement, JS will sell, transfer, convey, assign and deliver to Buyer and Buyer will purchase and acquire from JS, good and valid title to the Purchased Preferred Shares, free and clear of any liens, claims, charges, restrictions, pledges, security interests, options, rights of any nature or other legal or equitable encumbrances. At the Closing, JS will deliver to Buyer duly executed instruments of transfer and assignment of the Purchased Preferred Shares sufficient to vest in Buyer the interests in the Purchased Preferred Shares in accordance with the terms of this Agreement.
Purchased Preferred Shares. The purchase price to be paid by Buyer with respect to the Purchased Preferred Shares at the Closing (the "JS Purchase Price") shall be equal to CDN $4,687,500, which payment shall be made in US dollars by wire transfer of immediately available funds to an account or accounts designated by JS or by the delivery to JS of a certified check or bank draft payable in lawful money of the United States in accordance with a direction to the Buyer executed by JS.
Purchased Preferred Shares. The number of Preferred Shares comprising the Purchased Preferred Shares to be issued and delivered to the Investor at the Closing pursuant to Section 2.1 shall be equal to the quotient of (a) the Preferred Share Investment Amount, divided by (b) the Preferred Share Purchase Price (as defined in Section 2.3.3), rounded up to the nearest whole number of Preferred Shares, which number of Preferred Shares shall be the authorized number of Preferred Shares in the Certificate of Designations.