Terra Tech Common Stock Sample Clauses

Terra Tech Common Stock. “Terra Tech Common Stock” shall mean the shares of common stock of Terra Tech.
Sample 1
AutoNDA by SimpleDocs
Terra Tech Common Stock. As of the date hereof, the authorized capital of Terra Tech consists of 350,000,000 shares of Common Stock, par value $0.001 per share, and 25,000,000 shares of "blank check" preferred stock, $0.001 par value, of which 100 shares have been designated as "Series A Preferred Stock", par value $0.001 per share, and 24,999,900 shares have been designated as "Series B Preferred Stock," par value $0.001 per share. As of the date hereof, there are 299,091,226 shares of Terra Tech Common Stock issued and outstanding, 100 shares of Series A Preferred Stock issued and outstanding, convertible at any time into 100 shares of Terra Tech Common Stock, 16,300,000 shares of Series B Preferred Stock issued and outstanding, convertible into 87,763,363 shares of Terra Tech Common Stock, and 32,426,008 shares of Terra Tech Common Stock issuable upon exercise of all of Terra Tech's outstanding warrants. Except as described in the Terra Tech SEC Reports (as defined below) or as is otherwise not material, and except for the Payment Securities to be issued under this Agreement, there are no outstanding shares of capital stock or options, warrants, rights (including conversion or preemptive rights and rights of first refusal or similar rights) or agreements, orally or in writing, to purchase or acquire from Terra Tech any shares of Terra Tech capital stock. The Payment Securities, when issued in connection with this Agreement and the other Transaction Agreements, will be duly authorized, validly issued, fully paid, and nonassessable. Prior to the Closing Date, Terra Tech will issue no additional securities.
Sample 1
Terra Tech Common Stock. On the Closing Date, shares of Terra Tech Common Stock shall be eligible for quotation on OTC XxxxX ATS.
Sample 1

Related to Terra Tech Common Stock

  • Merger Sub Common Stock At the Effective Time, each share of common stock, par value $0.01 per share, of Merger Sub (“Merger Sub Common Stock”) issued and outstanding immediately prior to the Effective Time shall be automatically converted into one fully paid and nonassessable share of common stock, par value $0.01 per share, of the Surviving Corporation.

  • Common Shares 4 Company...................................................................................... 4

  • Common Stock 1 Company........................................................................1

  • Ordinary Shares The Ordinary Shares included in the Units have been duly authorized and, when issued and delivered against payment for the Offered Securities by the Underwriters pursuant to this Agreement and registered in the Company’s register of members, will be validly issued, fully paid and non-assessable. The holders of such Ordinary Shares are not and will not be subject to personal liability by reason of being such holders; such Ordinary Shares are not and will not be subject to any preemptive or other similar contractual rights granted by the Company.

  • Parent Common Stock At and after the Effective Time, each share of Parent Common Stock issued and outstanding immediately prior to the Effective Time shall remain an issued and outstanding share of common stock of the Surviving Corporation and shall not be affected by the Merger.

  • Purchaser Common Stock Each share of common stock, par value $0.001 per share, of the Purchaser (the “Purchaser Common Stock”) issued and outstanding immediately prior to the Effective Time shall be converted into and become one newly and validly issued, fully paid and nonassessable share of common stock of the Surviving Corporation.

  • Buyer Common Stock The shares of Buyer Common Stock issuable pursuant hereto, when issued by Buyer in accordance with this Agreement, will be duly issued, fully paid, and non-assessable.

  • Fractional Shares of Common Stock (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded down). (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Warrants or distribute stock certificates which evidence fractional shares of Common Stock. Whenever any fraction of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

  • No Rights to Purchase Preferred Stock The issuance and sale of the Shares as contemplated hereby will not cause any holder of any shares of capital stock, securities convertible into or exchangeable or exercisable for capital stock or options, warrants or other rights to purchase capital stock or any other securities of the Company to have any right to acquire any shares of preferred stock of the Company.

  • Shares of Common Stock The Company shall have duly reserved the number of Underlying Shares required by this Agreement and the Transaction Documents to be reserved for issuance upon conversion of the Debentures and the exercise of the Warrants;

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