Common use of Use of Proceeds from Stock Clause in Contracts

Use of Proceeds from Stock. Proceeds from the sale of Common Stock pursuant to Awards, or upon exercise thereof, shall constitute general funds of the Company.

Appears in 27 contracts

Samples: Registration Rights Agreement (Monterey Capital Acquisition Corp), Agreement and Plan of Merger (Fortune Rise Acquisition Corp), Sparta Commercial Services (Sparta Commercial Services, Inc.)

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Use of Proceeds from Stock. Proceeds from the sale of Common Stock pursuant to Awards, or upon exercise thereof, Stock Awards shall constitute general funds of the Company.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (NextWave Wireless LLC), Employment Agreement (Lightspan Inc)

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Use of Proceeds from Stock. Proceeds from the sale of Common Stock pursuant to Awards, or upon exercise thereofof an Award, shall will constitute general funds of the Company.

Appears in 1 contract

Samples: Employment Agreement (Evolution Development Group, Inc.)

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