SHARES AUTHORIZED AND OUTSTANDING Sample Clauses

SHARES AUTHORIZED AND OUTSTANDING. On the date of these Articles of Merger, Chancellor has authority to issue 50,000,000 shares of common stock (the "Chancellor Common Shares") no par value, of which 1,801,000 common shares are issued and outstanding and 5,000,000 shares of non-voting preferred stock, no par value per share of which no preferred share are issued and outstanding. On the date of these Articles of Merger, Lakota has authority to issue 15,000,000 shares of common stock, no par value (the "Lakota Common Shares"), of which 4,593,750 shares am issued and outstanding. Lakota has the authority to issue 5,000,000 shares of preferred stock, no par value, of which no preferred shares are issued and outstanding.
AutoNDA by SimpleDocs
SHARES AUTHORIZED AND OUTSTANDING. On the date of these Articles of Merger, Pricester Nevada has authority to issue 25,000,000 shares of Common Stock, $.001 par value, of which 1,044,620 shares are issued and outstanding. On the date of these Articles of Merger, Pricester Florida has authority to issue 25,000,000 shares of Common Stock, $.000001 par value (the "Pricester Florida Common Stock"), of which 21,262,250 shares are issued and outstanding.
SHARES AUTHORIZED AND OUTSTANDING. On the date of these Articles of Merger, XtraNet has authority to issue 100,000,000 shares of Common Stock, $.001 par value, of which 14,167,870 shares are issued and outstanding. On the date of these Articles of Merger, Great American has authority to issue 30,000,000 shares of Common Stock, $.001 par value (the "Great American Common Stock"), of which 5,050,000 shares are issued and outstanding and 10,000,000 shares of Preferred Stock, of which no preferred shares are issued and outstanding.
SHARES AUTHORIZED AND OUTSTANDING. Exactly has the authority to issue an unlimited number of shares of Common Stock, ("Exactly Common Stock") of which 2,600,000 shares are issued and outstanding. Exactly also has 78,700 A Warrants and 78,700 B Warrants issued and outstanding. Each A Warrant is exercisable into one Common Share at the exercise price of $6.00. The exercise period of the A Warrant is for one year after the effective date of the registration of the A Warrants with the Securities and Exchange Commission. The exercise period may be extended by the Board of Directors for an additional 365 days. Each B Warrant is exercisable into one Common Share at the exercise price of $8.00. The exercise period of the B Warrant is for two years after the effective date of the registration of the B Warrants with the Securities and Exchange Commission. The exercise period may be extended by the Board of Directors for an additional 365 days. Sports has authority to issue Fifty Million (50,000,000) shares of Common Stock, ("Sports Common Stock") par value $0.001, of which 400,000 shares are issued and outstanding.
SHARES AUTHORIZED AND OUTSTANDING. The Certificate of Incorporation of Vintage, Inc. authorizes Ten Thousand (10,000) shares of capital stock of which Five Thousand (5,000) shares have been designated as common stock, $0.10 par value per share (hereinafter referred to as "Vintage Common Stock"), and Five Thousand (5,000) shares have been designated as preferred stock, no par value (hereinafter referred to as "Vintage Preferred Stock"). As of the Closing Date, disregarding the issuance of shares of Vintage Common Stock as provided hereunder, there are Four Hundred (400) shares of Vintage Common Stock issued and outstanding and One Thousand Eight Hundred (1,800) shares of Vintage Preferred Stock issued and outstanding all of which are owned by Hampshire Designers, Inc. ("Hampshire").
SHARES AUTHORIZED AND OUTSTANDING. On the date of these Articles of Merger, American has authority to issue 100,000,000 shares of Common Stock, $.001 par value, of which 3,500,000 shares are issued and outstanding. American has 20,000,000 preferred shares in classes A, B, and C, having 10,000,000, 9,990,000 and 10,000 preferred shares respectively, with 10,000 Class C preferred shares issued and outstanding. On the date of these Articles of Merger, RC Capital has authority to issue 50,000,000 shares of Common Stock, no par value (the "RC Capital Common Stock"), of which 1,000 shares are issued and outstanding.
SHARES AUTHORIZED AND OUTSTANDING. On the date of these Articles of Merger, Valley Fish has authority to issue 75,000,000 shares of Common Stock, $.001 par value, of which 622,594 shares are issued and outstanding. On the date of these Articles of Merger, IF&B Media has authority to issue 25,000,000 shares of Common Stock, $.01 par value (the "IF&B Media Common Stock") and 1,000,000 shares of Preferred Stock, of which 8,000,000 and 0 shares are issued and outstanding, respectively.
AutoNDA by SimpleDocs

Related to SHARES AUTHORIZED AND OUTSTANDING

  • Authorized and Outstanding Stock (a) The authorized capital stock of the Company consists of 500,000,000 shares of common stock of the Company, par value $0.0001 per share (“Common Stock”) and 7,000,000 shares of preferred stock, par value $0.0001 per share (“Preferred Stock”). Of such Preferred Stock, 4,000,000 shares are designated as Series A Preferred Stock and upon the filing of the Certificate of Designation with the Secretary of State of the State of Delaware, 800,000 shares will be designated as the Series B Preferred Stock.

  • Authorized and Outstanding Capital Stock As of the date hereof, the authorized capital stock of the Company consists of (A) 750,000,000 shares of Common Stock, and (B) 50,000,000 shares of Preferred Stock, none of which are issued and outstanding. No shares of Common Stock are held in the treasury of the Company.

  • Calculation of Number of Outstanding Shares of Common Stock For purposes of Section 5.05(A), the number of shares of Common Stock outstanding at any time will (i) include shares issuable in respect of scrip certificates issued in lieu of fractions of shares of Common Stock; and (ii) exclude shares of Common Stock held in the Company’s treasury (unless the Company pays any dividend or makes any distribution on shares of Common Stock held in its treasury).

  • Increase in Authorized Shares At such time as the Company would be, if a notice of conversion or exercise (as the case may be) were to be delivered on such date, precluded from (a) converting the full outstanding principal amount of Debentures (and paying any accrued but unpaid interest in respect thereof in shares of Common Stock) that remain unconverted at such date or (b) honoring the exercise in full of the Warrants due to the unavailability of a sufficient number of shares of authorized but unissued or re-acquired Common Stock, the Board of Directors of the Company shall promptly (and in any case within 30 Business Days from such date) prepare and mail to the shareholders of the Company proxy materials requesting authorization to amend the Company's restated certificate of incorporation to increase the number of shares of Common Stock which the Company is authorized to issue to at least a number of shares equal to the sum of (i) all shares of Common Stock then outstanding, (ii) the number of shares of Common Stock issuable on account of all outstanding warrants, options and convertible securities (other than the Debentures and the Warrants) and on account of all shares reserved under any stock option, stock purchase, warrant or similar plan, (iii) 200% of the number of Underlying Shares as would then be issuable upon a conversion in full of the then outstanding Debentures and as payment of all future interest thereon in shares of common Stock in accordance with the terms of this Agreement and the Debentures and (iv) such number of Underlying Shares as would then be issuable upon the exercise in full of the warrants. In connection therewith, the Board of Directors shall (x) adopt proper resolutions authorizing such increase, (y) recommend to and otherwise use its best efforts to promptly and duly obtain stockholder approval to carry out such resolutions (and hold a special meeting of the shareholders no later than the 60th day after delivery of the proxy materials relating to such meeting) and (z) within 5 Business Days of obtaining such shareholder authorization, file an appropriate amendment to the Company's certificate of incorporation to evidence such increase.

  • Vote to Increase Authorized Common Stock Each Stockholder agrees to vote or cause to be voted all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to increase the number of authorized shares of Common Stock from time to time to ensure that there will be sufficient shares of Common Stock available for conversion of all of the shares of Preferred Stock outstanding at any given time.

  • Authorized and Issued Capital The authorized capital of the Purchaser consists of an unlimited number of common shares and an unlimited number of preferred shares, of which (i) at the date of this Agreement, 24,610,042 common shares (and no more) have been duly issued and are outstanding as fully paid and non-assessable and no preferred shares are outstanding, and (ii) at the Closing Time, 24,610,042 common shares (and no more) shall have been duly issued and shall be outstanding as fully paid and non-assessable.

  • Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  • Reallocation of Applicable Percentages to Reduce Fronting Exposure During any period in which there is a Defaulting Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of each non-Defaulting Lender shall be computed without giving effect to the Commitment of that Defaulting Lender; provided, that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or Event of Default exists; and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive difference, if any, of (1) the Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Committed Loans of that Lender.

  • OVERALL LIMIT ON COMMON STOCK ISSUABLE Notwithstanding anything contained herein to the contrary, if during the Open Period the Company becomes listed on an exchange that limits the number of shares of Common Stock that may be issued without shareholder approval, then the number of Shares issuable by the Company and purchasable by the Investor, shall not exceed that number of the shares of Common Stock that may be issuable without shareholder approval (the "Maximum Common Stock Issuance"). If such issuance of shares of Common Stock could cause a delisting on the Principal Market, then the Maximum Common Stock Issuance shall first be approved by the Company's shareholders in accordance with applicable law and the By-laws and Amended and Restated Certificate of Incorporation of the Company, if such issuance of shares of Common Stock could cause a delisting on the Principal Market. The parties understand and agree that the Company's failure to seek or obtain such shareholder approval shall in no way adversely affect the validity and due authorization of the issuance and sale of Securities or the Investor's obligation in accordance with the terms and conditions hereof to purchase a number of Shares in the aggregate up to the Maximum Common Stock Issuance limitation, and that such approval pertains only to the applicability of the Maximum Common Stock Issuance limitation provided in this Section 2(H).

  • Outstanding Warrants The Warrants outstanding at any time are all Warrants evidenced on all Warrant Certificates authenticated by the Warrant Agent except for those canceled by it and those delivered to it for cancellation. A Warrant ceases to be outstanding if the Company or an Affiliate of the Company holds the Warrant. If a Warrant Certificate is replaced pursuant to Section 2.06, the Warrants evidenced thereby cease to be outstanding unless the Warrant Agent and the Company receive proof satisfactory to them that the replaced Warrant Certificate is held by a bona fide purchaser.

Time is Money Join Law Insider Premium to draft better contracts faster.