Common use of Minimum Condition Clause in Contracts

Minimum Condition. The Company shall have received and accepted subscription agreements substantially equivalent to this Agreement from Investors for an aggregate of five hundred twelve thousand, eight hundred twenty (512,820) Shares together with one Warrants for every four (4) Shares purchased, which subscription agreements shall remain in full force and effect, enforceable by the Company in accordance with their respective terms (such condition, the "Minimum Condition"), and the concurrent transactions described in the Private Placement Memorandum shall be consummated simultaneously with the Closing hereunder.

Appears in 3 contracts

Samples: Common Share Subscription Agreement (Ameritrans Capital Corp), Common Share Subscription Agreement (Prides Capital Partners, LLC), Common Share Subscription Agreement (Ameritrans Capital Corp)

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Minimum Condition. The Company shall have received and accepted subscription agreements substantially equivalent to this Agreement from Investors for an aggregate of five hundred twelve thousand, eight hundred twenty (512,820) Shares together with one Warrants for every four (4) Shares purchased, which subscription agreements shall remain in full force and effect, enforceable by the Company in accordance with their respective terms (such condition, the "β€œMinimum Condition"”), and the concurrent transactions described in the Private Placement Memorandum shall be consummated simultaneously with the Closing hereunder.

Appears in 1 contract

Samples: Common Share Subscription Agreement (Prides Capital Partners, LLC)

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Minimum Condition. The Company shall have received and accepted subscription agreements substantially equivalent to this Agreement from Investors for an aggregate of ten million six hundred and twenty five hundred twelve thousand, eight hundred twenty thousand (512,82010,625,000) Shares together with one Warrants for every four (4) Shares purchasedShares, which subscription agreements shall remain in full force and effect, enforceable by the Company in accordance with their respective terms (such condition, the "Minimum Condition"), and the concurrent transactions described in the Private Placement Memorandum shall be consummated simultaneously with the Closing hereunder.

Appears in 1 contract

Samples: Common Share Subscription Agreement (Capital Environmental Resource Inc)

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