Issuance of Company Common Stock. At the Option Closing, simultaneously with the delivery of immediately available funds as provided in Subsection 2(f), the Company shall deliver to Grantee a certificate or certificates representing the number of shares of Company Common Stock (or other Option Securities) purchased by Grantee and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the shares (or other Option Securities) purchasable hereunder. If at the time of issuance of any Option Shares pursuant to an exercise of all or part of the Option hereunder, the Company shall have issued any rights or other securities which are attached to or otherwise associated with the Company Common Stock, then each Option Share issued pursuant to such exercise shall also represent such rights or other securities with terms substantially the same as and at least as favorable to Grantee as are provided under any shareholder rights agreement or similar agreement of the Company then in effect.
Issuance of Company Common Stock. Subject to Section 2(k), at any Option Closing, simultaneously with the delivery of immediately available funds as provided in Section 2(f) hereof, the Company shall deliver to Grantee a certificate or certificates representing the number of shares of Company Common Stock (or other Option Securities) purchased by Grantee at such Option Closing and, if the Option should be exercised in part only, a new Option evidencing the rights of Grantee thereof to purchase the balance of the Option Shares (or other Option Securities) purchasable hereunder. If at the time of issuance of any Option Shares pursuant to an exercise of all or part of the Option hereunder, the Company shall have issued any rights or other securities which are attached to or otherwise associated with Company Common Stock, then each Option Share issued pursuant to such exercise shall also represent such rights or other securities with terms substantially the same as and at least as favorable to Grantee as are provided under any shareholder rights agreement or similar agreement of the Company then in effect.
Issuance of Company Common Stock. In consideration for the transfer and assignment of all the issued and outstanding share capital of GHG and 49% of the issued and outstanding share capital of Xxxxxxxx.xxx to LTGL, and the transfer and assignment of all the issued and outstanding share capital of LTGL to the Company, and against delivery of the certificates representing such share capital as provided in Section 1.1(a) hereof, at the Effective Date, the Company shall issue an aggregate of 5,060,000 shares of Common Stock to the Shareholders, as follows:
Issuance of Company Common Stock. Unless otherwise determined by the board of directors of the Company following the Closing, or as required pursuant to any Subscription Agreement, the Company Common Stock shall be uncertificated, with record ownership reflected only in the stock transfer ledger of the Company.
Issuance of Company Common Stock. Upon receipt by the Company of the Notice of Exercise and payment of the Aggregate Exercise Price, the Holder shall be deemed to be the holder of record of the Company Common Stock issuable upon such exercise, notwithstanding that certificates representing such Company Common Stock may not then be actually delivered. Within three (3) Business Days after such delivery of the Notice of Exercise and payment of the Aggregate Exercise Price, the Company shall issue and cause to be delivered to the Holder a certificate or certificates (in the name of the Holder) for the Exercise Amount.
Issuance of Company Common Stock. On and after the Company's amendment to its Articles of Incorporation to increase its authorized number of shares of Common Stock to a minimum of 750,000,000, at the time of any issuance of Company Convertible Preferred Stock pursuant to this Section 1.1, Company Common Stock shall be issued (based on the applicable conversion ratio of Company Convertible Preferred Stock to Company Common Stock at such time) in lieu of Company
Issuance of Company Common Stock. “Shares”).
Issuance of Company Common Stock. Upon closing of the purchase of the Eastern capital stock, the Company shall issue in the name of Parent stock certificates representing ownership of an aggregate of 652,795 shares of Company Common Stock. The parties acknowledge and agree that the 652,795 shares of Company Common Stock issued pursuant hereto have a value of $1,344,000.
Issuance of Company Common Stock. The issuance of the Consideration Shares at the Closing shall have been duly authorized as of the Closing and, when issued and delivered and paid for as provided herein, the Consideration Shares will be validly issued, fully paid and non-assessable, free and clear of all Liens, and will not be subject to preemptive rights of the Company.
Issuance of Company Common Stock. Prior to the Closing, Grosxxxx xxxll have been issued (and shall own as of the Closing) a number of shares of the Company Common Stock equal to 1% of the shares of the Company's Common Stock then outstanding, after giving effect to such issuance. 7.13.
