Common use of Minimum Offering Amount Clause in Contracts

Minimum Offering Amount. At the Closing, the number of shares of the Class A Common Stock to be sold under this Agreement shall result in aggregate gross proceeds to the Company and the Selling Stockholders of at least $25,000,000. Purchasers shall have submitted subscriptions for at least such amount and the proceeds due to the Company under such subscriptions shall have been previously received by the Company.

Minimum Offering Amount. At the Closing, the number of shares of the Class A Common Stock and Series C Preferred Stock to be sold under this Agreement shall result in aggregate gross proceeds to the Company and the Selling Stockholders of at least $25,000,00052 million. Purchasers shall have submitted subscriptions for at least such amount and the proceeds due to the Company under such subscriptions shall have been previously received by the Company.

Minimum Offering Amount. At the Closing, the number of shares of the Class A Common Stock and Series C Preferred Stock to be sold under this Agreement shall result in aggregate gross proceeds to the Company and the Selling Stockholders of at least $25,000,00052 million. Purchasers The Company shall have submitted received and accepted the subscriptions for at least such amount and the proceeds due to the Company under such subscriptions shall have been previously received by the Company.

Minimum Offering Amount. At the Closing, the number of shares of the Class A Common Stock and Series B Preferred Stock to be sold under this Agreement shall result in aggregate gross proceeds to the Company and the Selling Stockholders of $41.2 million (including at least $25,000,000. Purchasers shall have submitted subscriptions for at least such amount and 29.9 million from the proceeds due to the Company under such subscriptions shall have been previously received by the Companysale of Common Stock).