First Closing Shares definition

First Closing Shares has the meaning set forth in Section 2.1(a).

First Closing Shares means preferred shares of Canadian OpCo having a fair market value of Ten Million Dollars ($10,000,000).

First Closing Shares means the aggregate of the Initial First Closing Shares and the Additional First Closing Shares, if any. "First Closing Purchase Price" means the aggregate of the Initial First Closing Purchase Price and the Additional First Closing Purchase Price, if any.

Examples of First Closing Shares in a sentence

• At the First Closing, the Company shall deliver to each Investor a certificate representing the First Closing Shares that such Investor is purchasing against payment of the purchase price therefor by check, wire transfer or any combination thereof.

• For the avoidance of doubt, in the event that the Initial Closing has not occurred prior to the Qualified Financing Closing, the Company shall issue both the First Closing Shares and the Qualified Financing Shares at the Qualified Financing Closing.

• All First Closing Shares and Second Closing Shares sold by such Seller hereunder shall be free and clear of any and all Liens, and good, valid and marketable title to such First Closing Shares and Second Closing Shares will effectively vest in the Buyer at the First Closing or Second Closing Date, as applicable.

• On the First Closing and the Second Closing, the Seller will cause the First Closing Shares and the Second Closing Shares, respectively, to be issued and duly registered to the Buyer in book entry form free and clear of all Liens.

• The closing (the "First Closing") of the purchase and sale of 275,000 of the Purchased Shares (the "First Closing Shares"), for an aggregate purchase price of $400,000 (the "First Purchase Price"), will take place at 11:00 a.m. Central, on or before October 15, 2003, at the offices of Xxxxxxx & Xxxxx L.L.P., 000 Xxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxx 00000, or at such other time and place as the Parties may agree.

More Definitions of First Closing Shares

First Closing Shares the Sale Shares set out in column 4 of the table at Schedule 2.

First Closing Shares is defined in Section 1.1(a).

First Closing Shares means the number of shares of Series A Preferred equal to (i) 721.15 minus (ii) the quotient of (A) all accrued and unpaid dividends on the First Closing Shares through the date hereof divided by (B) 1,040; e.

First Closing Shares means the First Closing Subscription Amount divided by the Per Share Purchase Price.

First Closing Shares wherever used in Section 4.1 of the Original Agreement, shall be deemed to refer to the Transferred Stock; and

First Closing Shares. Six Million (6,000,000) shares of Common Stock that the Company will issue to Purchaser at the First Closing.

First Closing Shares means the shares of Common Stock issued or issuable to each Purchaser at the First Closing pursuant to this Agreement.