Use of Cash Proceeds. The Company, shall use the cash proceeds from the issuance of the Purchased Preferred Stock for development and working capital purposes as determined by the Board of Directors.
Appears in 3 contracts
Samples: Stock Purchase and Registration Rights Agreement (Metropolitan Venture Partners Ii Lp), Stock Purchase and Registration Rights Agreement (Direct Insite Corp), Stock Purchase and Registration Rights Agreement (Direct Insite Corp)
Use of Cash Proceeds. The Company, shall use the cash proceeds from the issuance of the Purchased Preferred Stock for development and working capital purposes as determined by the Board of Directors.
Appears in 2 contracts
Samples: Stock Purchase and Registration Rights Agreement (Metropolitan Venture Partners Ii Lp), Stock Purchase and Registration Rights Agreement (Direct Insite Corp)
