Initial Preferred Shares definition

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

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

• The Company shall take all action necessary to at all times have authorized, and reserved for the purpose of issuance, no less than 110% of the number of shares of Common Stock needed to provide for the issuance of the shares of Common Stock upon conversion of all outstanding Initial Preferred Shares (without regard to any limitations on conversions).

• The Initial Common Shares and the ------------------------ Initial Preferred Shares will carry a restrictive legend under Rule 144.

• The Sellers have the complete and unrestricted right, power and authority to cause the sale, transfer, and assignment of the Initial Common Shares and the Initial Preferred Shares pursuant to this Agreement.

• The delivery of the Initial Common Shares and the Initial Preferred Shares to the Purchaser as herein contemplated will vest in the Purchaser good, absolute and marketable title to the Initial Common Shares and the Initial Preferred Shares, free and clear of all liens, claims, encumbrances, and restrictions of every kind, except those restrictions imposed by applicable securities laws or this Agreement.

• All corporate and other action and governmental filings necessary to effectuate the terms of this Agreement, the Initial Preferred Shares and other agreements and instruments executed and delivered by the Company in connection herewith shall have been made or taken, except for any post-sale filing that may be required under federal or state securities laws.

More Definitions of Initial Preferred Shares

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

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

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

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

Initial Preferred Shares means any shares of Series B Preferred Stock issued on the date of the first issuance of any shares of Series B Preferred Stock.

Initial Preferred Shares shall be the shares of Series A Preferred Stock to be issued and sold at the Closing, the number of which shall be as agreed between the Company and the Investor, provided that such number shall not be less than the Specified Investor Amount.

Initial Preferred Shares means Preferred Shares which are issued on the Initial Issuance Date.