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Common use of Minimum Proceeds Clause in Contracts

Minimum Proceeds. There shall be issued at the Closing, Series B Shares with an aggregate purchase price of at least $850,000.

Appears in 2 contracts

Sources: Series B Preferred Stock Purchase Agreement (Genomic Solutions Inc), Series B Preferred Stock Purchase Agreement (Genomic Solutions Inc)

Related Clauses

  • Gross Proceeds
  • Proceeds of Dispositions; Expenses
  • Proceeds
  • Net Proceeds
  • Minimum Payments

Parent Clauses

  • Conditions to the Merger
  • Conditions to the Obligations of the Company
  • CONDITIONS TO THE COMPANY'S OBLIGATIONS AT CLOSING
  • Conditions Precedent to Closing
  • Conditions Precedent to the Obligations of the Purchasers to Purchase Securities

Sub-Clauses

  • Termination
  • Effect of Termination
  • Interpretation
  • Definitions
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