Common use of Sale and Issuance of Stock Clause in Contracts

Sale and Issuance of Stock. Subject to the terms and conditions of this Agreement, the Company agrees to sell to the Investor and the Investor agrees to purchase from the Company the number of shares of the Company's Common Stock obtained by dividing $50,000,000 by 93% of the per share price paid by the public for the Company's Common Stock in the Company's IPO (the "Stock"), having the rights, preferences, privileges and restrictions set forth in the Certificate of Incorporation of the Company (the "Certificate") on file with the Delaware Secretary of State as of the Closing (as defined below).

Appears in 2 contracts

Samples: Stock Purchase Agreement (Firstworld Communications Inc), Stock Purchase Agreement (TPG Advisors Iii Inc)

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Sale and Issuance of Stock. Subject to the terms and conditions of this Agreement, the Company agrees to sell to the Investor and the Investor agrees to purchase from the Company the number of shares of the Company's Common Stock obtained by dividing $50,000,000 19,500,000 by 93% of the per share price paid by the public for the Company's Common Stock in the Company's IPO (the "Stock"), having the rights, preferences, privileges and restrictions set forth in the Amended and Restated Certificate of Incorporation of the Company (the "Restated Certificate") on file with the Delaware Secretary of State as of the Closing (as defined below).

Appears in 1 contract

Samples: Stock Purchase Agreement (Firstworld Communications Inc)

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Sale and Issuance of Stock. Subject to the terms and conditions of this Agreement, the Company agrees to sell to the Investor and the Investor agrees to purchase from the Company the number of shares of the Company's Common Stock obtained by dividing $50,000,000 10,000,000 by 93% of the per share price paid by the public for the Company's Common Stock in the Company's IPO (the "Stock"), having the rights, preferences, privileges and restrictions set forth in the Amended and Restated Certificate of Incorporation of the Company (the "Restated Certificate") on file with the Delaware Secretary of State as of the Closing (as defined below).

Appears in 1 contract

Samples: Stock Purchase Agreement (Firstworld Communications Inc)

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