Common use of Capital Outstanding Clause in Contracts

Capital Outstanding. As of the Initial Closing (but without giving effect thereto), the Corporation will have a total of no more than that number of shares of Preferred Stock and Common Stock issued and outstanding as listed and described in Schedule 5.12(b). The Corporation will have outstanding no options, convertible securities or warrants other than as listed and described on Schedule 5.12(c) as of the Initial Closing.

Appears in 3 contracts

Samples: Purchase Agreement (Valuestar Corp), Securities Purchase Agreement (Hull James Mitchell), Securities Purchase Agreement (Hull James Mitchell)

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Capital Outstanding. As of the Initial Closing (but without giving effect thereto), the Corporation will have a total of no more than that number of shares of Preferred Stock and Common Stock issued and outstanding as listed and described in Schedule 5.12(b5.14(a). The Corporation will have outstanding no options, convertible securities or warrants other than as listed and described on Schedule 5.12(c5.14(b) as of the Initial Closing.

Appears in 2 contracts

Samples: Series C Preferred Stock and Warrant Purchase Agreement (Valuestar Corp), Series Cc Preferred Stock and Warrant Purchase Agreement (Valuestar Corp)

Capital Outstanding. As of the Initial Closing (but without giving effect thereto), the Corporation will have a total of no more than that number of shares of Preferred Stock and Common Stock issued and outstanding as listed and described in Schedule 5.12(b)Section 5.2. The As of the Initial Closing, the Corporation will have no outstanding no options, convertible securities or warrants other than as listed and described on Schedule 5.12(c) as of the Initial Closing5.

Appears in 1 contract

Samples: Purchase Common Stock Purchase Agreement (Ask Jeeves Inc)

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Capital Outstanding. As of the Initial Closing (but without giving effect thereto), the Corporation will have a total of no more than that number of shares of Preferred Stock and Common Stock issued and outstanding as listed and described in Schedule 5.12(b5.14(b). The Corporation will have outstanding no options, convertible securities or warrants other than as listed and described on Schedule 5.12(c5.14(c) as of the Initial Closing.

Appears in 1 contract

Samples: Preferred Stock Purchase Agreement (Valuestar Corp)

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