Common use of Nature and Purchase of Firm Shares Clause in Contracts

Nature and Purchase of Firm Shares. (i) On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, an aggregate of 750,000 shares (the “Firm Shares”) of the Company’s common stock, $.0001 par value (the “Common Stock”). The Firm Shares are also hereinafter referred to as the “Public Securities” and the offering and sale of the Public Securities is also hereinafter referred to as the “Offering.”

Nature and Purchase of Firm Shares. (i) On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, an aggregate of 750,000 144,000 shares (the “Firm Shares”) of the Company’s common stock, $.0001 par value “13.00% Series D Cumulative Redeemable Perpetual Preferred Stock” (the “Common Preferred Stock”). The Firm Shares are also hereinafter referred to as the “Public Securities” and the offering and sale of the Public Securities Firm Shares is also hereinafter referred to as the “Offering.”

Nature and Purchase of Firm Shares. (i) On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, an aggregate of 750,000 123,423 shares (the “Firm Shares”) of the Company’s common stock, $.0001 par value “13.00% Series D Cumulative Redeemable Perpetual Preferred Stock” (the “Common Preferred Stock”). The Firm Shares are also hereinafter referred to as the “Public Securities” and the offering and sale of the Public Securities Firm Shares is also hereinafter referred to as the “Offering.”

Nature and Purchase of Firm Shares. (i) On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, Underwriters an aggregate of 750,000 280,000 shares (the “Firm Shares”) of the Company’s common stock, $.0001 par value “13.00% Series A Cumulative Redeemable Perpetual Preferred Stock” (the “Common Preferred Stock”). The Firm Shares are also hereinafter referred to as the “Public Securities” and the offering and sale of the Public Securities is also hereinafter referred to as the “Offering.”

Nature and Purchase of Firm Shares. (i) On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, an aggregate of 750,000 800,000 shares (the “Firm Shares”) of the Company’s common stock9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $.0001 par value $0.01 per share (the “Common Series D Preferred Stock”). The Firm Shares are also hereinafter referred to as the “Public Securities” and the offering and sale of the Public Securities is also hereinafter referred to as the “Offering.”

Nature and Purchase of Firm Shares. (ia) On the basis of the representations and warranties herein contained, but subject to the terms and conditions herein set forth, the Company agrees to issue and sell to the several Underwriters, an aggregate of 750,000 138,220 shares (the “Firm SharesPublic Securities”) of the Company’s common stock, $.0001 par value “8.75% Series A Cumulative Redeemable Perpetual Preferred Stock” (the “Common Preferred Stock”). The Firm Shares are also hereinafter referred to as the “Public Securities” and the offering and sale of the Public Securities is also hereinafter referred to as the “Offering.”