Authorization of Sale of Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of up to 1,500,000 shares of common stock ("Common Stock"), par value $.01 per share (each a "Share," and together the "Shares"), of the Company.
Authorization of Sale of Shares. The Company has authorized the sale and issuance to the Purchaser of shares of its Common Stock, par value $0.01 per share (the “Common Stock”), on the terms and subject to the conditions set forth in this Agreement. The shares of Common Stock sold hereunder at the Closing (as defined below) shall be referred to as the “Shares.”
Authorization of Sale of Shares. The Company shall issue and sell each Purchaser, and each Purchaser shall, severally and not jointly, purchase from the Company, such number of Units set forth opposite their respective names on Exhibit A, at a price per Unit equal to $2.64 (the “Price Per Unit” and the total purchase price for the Units to be paid by each Purchaser, the “Unit Purchase Price”).
Authorization of Sale of Shares. Upon the terms and subject to the ------------------------------- conditions of this Agreement, the Company has authorized the issuance and sale of the Shares following effectiveness of the Registration Statement.
Authorization of Sale of Shares. The Company has authorized the issuance and sale to the Investors of an aggregate of 16,500,000 shares of its Common Stock (such shares, the "Shares") for a purchase price of US $2.00 per share (the "Per Share Purchase Price").
Authorization of Sale of Shares. The Company has authorized the sale and issuance of 1,059,322 shares of its Common Stock, par value $0.001 per share (the “Common Stock”), on the terms and subject to the conditions set forth in this Agreement. The shares of Common Stock sold hereunder at the Initial Closing (as defined below) shall be referred to as the “Initial Shares” and the shares of Common Stock sold hereunder at the Second Closing (as defined below) shall be referred to as the “Second Closing Shares,” and together with the Initial Shares, the “Shares.”
Authorization of Sale of Shares. Subject to the terms and conditions of this Agreement, each Purchaser agrees to, severally and not jointly, purchase from the Company, that number of Shares as set forth opposite each Purchaser’s name on Schedule 1 attached hereto, at a price per Share equal to $0.1937 (the “Price Per Share” and the total purchase price for the Shares to be paid by each Purchaser, the “Share Purchase Price”).
Authorization of Sale of Shares. Subject to the terms and conditions of this Agreement and in partial consideration for the execution of the Strategic Rights Letter Agreement entered into concurrent herewith, the Purchaser agrees to purchase from the Company that number of Shares as set forth opposite the Purchaser’s name on Schedule I attached hereto, at a price per Share equal to $3.00, resulting in an aggregate purchase price of $24,999,999.00 (the “Share Purchase Price”).
Authorization of Sale of Shares. The Company has authorized the sale of up to _________ shares (the "shares") of the Company's common stock, par value $.01 per share (the "Common Stock"), pursuant to a Registration Statement (such Registration Statement, together with the Prospectus comprising a part thereof, referred to herein as the "Registration Statement") on Form S-1 (File No. 333-31957) filed with, and declared effective by, the Securities and Exchange Commission (the "Commission") pursuant to the provisions of the Securities Act of 1933, as amended (the "Act").
Authorization of Sale of Shares. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of the number of shares of Common Stock (the "Shares") equal to $7,000,000 (the "Purchase Price") divided by the Per Share Purchase Price, rounded up to the nearest whole share. The "Per Share Purchase Price" shall equal the lower of (i) the thirty consecutive trading day average of the Common Stock ending on April 17, 2000, (ii) the thirty consecutive trading day average of the Common Stock ending two trading days before the public announcement of this transaction; and (iii) the thirty consecutive trading day average of the Common Stock ending two trading days before the Closing Date. The average shall be calculated using the closing price of Common Stock on the New York Stock Exchange for each such trading day.
