Offering Shares Clause Samples
Offering Shares. You are hereby authorized to cause certificate(s) evidencing 5,800,000 shares of Common Stock, representing the aggregate Offering Shares of the Selling Stockholders, to be issued, countersigned and registered in accordance with the instructions of CSFB, on behalf of itself and the other Underwriters and Managers. These certificate(s) should be issued without any restrictive legend.
Offering Shares. Subject to the accuracy of Seller's representations in Section 3.18 hereof, the offer, sale and issuance of the Purchase Price Shares, constitute transactions exempt from the registration requirements of Section 5 of the Securities Act.
Offering Shares. The Company is also offering to qualified investors (the "Offering") up to an aggregate stated value (face amount) of Preferred Stock of Four Million Dollars Six Hundred Thousand Dollars ($ 4,600,000) (representing 4,600 shares) for an aggregate purchase price of Four Million Dollars ($4,000,000.00) (the "Offering"). The Preferred Stock issued for cash shall be the "Offering Shares."
2.1 Subscription for 2,600 Shares of Preferred Stock for the Series C Escrow Money. Two Million Dollars ($2,000,000; the "Series C Escrow Money") was placed in escrow in July 1998 for the intended subsequent purchase of 200 shares of Series C Preferred Stock. Because the conditions for the release of the Series C Escrow Money from escrow were not met, the Series C Escrow Money was never released from escrow and, accordingly, the 200 shares of Series C Preferred Stock originally intended to be purchased with such funds were never issued. In light of those circumstances, the Subscriber will be credited, for purposes of the Subscriber's acquiring a portion of the Offering Shares, with the portion of the Series C Escrow Money specified on the appropriate line in Section 11 below (assuming the Series C Escrow Money is placed into escrow as provided elsewhere in this Agreement), multiplied by One Hundred and Thirty percent (130%).
Offering Shares. Section 1.8(b) . . . . . . . . . . 3
Offering Shares. Section 1.8(b).........................3