Initial Preferred Shares definition

Initial Preferred Shares shall have the meaning attributable to it in Section 1.01 of this Agreement.

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Initial Preferred Shares has the meaning assigned to that term in Section 2.1(a).

Initial Preferred Shares means 13,000 shares of the Series B Preferred Stock.

Examples of Initial Preferred Shares in a sentence

• On the Initial Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchasers, severally and not jointly, agree to purchase an aggregate of $12,000,000 in aggregate Stated Value of Initial Preferred Shares for each Purchaser equal to such Purchaser’s Subscription Amount as set forth on the signature page hereto executed by such Purchaser.

• Each Purchaser shall deliver to the Company via wire transfer, immediately available funds equal to its Subscription Amount, and the Company shall deliver to each Purchaser its respective shares of Initial Preferred Shares, and the Company and each Purchaser shall deliver the other items set forth in Section 2.3 deliverable at the Initial Closing.

More Definitions of Initial Preferred Shares

Initial Preferred Shares has the meaning ascribed thereto in Section 3.1(5);

Initial Preferred Shares means the Initial Series B Preferred Share or the Initial Series C Preferred Shares, or any of them.

Initial Preferred Shares means the Initial Preferred Shares as defined in the recitals hereof.

Initial Preferred Shares means, with respect to the Initial Equity Contribution, the closest whole number of duly authorized, validly issued, fully paid and non-assessable shares of Preferred Stock calculated by dividing the amount of the Initial Equity Contribution by the Preferred Stock Price on the Effective Date.

Initial Preferred Shares means, all Preferred shares issued on the Initial Issuance Date.

Initial Preferred Shares means the shares of Series D Preferred Stock issued on the Initial Issue Date.

Initial Preferred Shares means the shares of Preferred Stock issued by the Company to the Purchasers hereunder on the Initial Closing Date.