Initial Purchase Shares definition

Initial Purchase Shares means the aggregate of 150,000,000 newly issued shares of Common Stock issued by the Company to the Buyer pursuant to the terms of the Stock Purchase Agreement at the Closing.

Initial Purchase Shares has the meaning set forth in Section 2(c) of this Agreement.

Initial Purchase Shares means the aggregate number of shares of Common Stock contained in all of the Units to be purchased by the Investor in the Initial Purchase.

Examples of Initial Purchase Shares in a sentence

• Upon issuance and payment therefor as provided herein, such Initial Purchase Shares shall be validly issued and fully paid and non-assessable.

• The Commitment Shares and the Initial Purchase Shares have been duly authorized and, upon issuance in accordance with the terms hereof, the Commitment Shares and the Initial Purchase Shares shall be (i) validly issued, fully paid and non-assessable and (ii) free from all taxes, liens and charges with respect to the issuance thereof.

• The Initial Purchase Shares shall be issued to the Buyer bearing the restrictive legend set forth in Section 4(e).

• Upon issuance and payment therefor in accordance with the terms and conditions of this Agreement, the Purchase Shares (including, without limitation, the Initial Purchase Shares) shall be validly issued, fully paid and nonassessable and free from all taxes, liens, charges, restrictions, rights of first refusal and preemptive rights with respect to the issue thereof, with the holders being entitled to all rights accorded to a holder of Common Stock.

• The Initial Purchase Shares have been duly authorized and, upon issuance in accordance with the terms hereof, the Initial Purchase Shares shall be (i) validly issued, fully paid and non-assessable and (ii) free from all taxes, liens and charges with respect to the issue thereof.

More Definitions of Initial Purchase Shares

Initial Purchase Shares means the 2,309,470 shares of IMPCO Common Stock issued in connection with the Initial Purchase Documents.

Initial Purchase Shares means, with respect to the Initial Purchase made pursuant to Section 2(d) hereof, 2,829,214 Purchase Shares, representing the number of Purchase Shares equal to the quotient obtained by dividing (i) $2,000,000 by (ii) the Initial Purchase Price (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction that occurs on or after the date of this Agreement).

Initial Purchase Shares shall have the meaning assigned to such term in Section 2.1.

Initial Purchase Shares means a number of shares of Common Stock determined by dividing (a) $500,000.00 by (b) 40% of the VWAP for the five Trading Day-period immediately preceding the Effective Date.

Initial Purchase Shares means 625,000 shares of duly authorized, validly issued, fully paid and non-assessable shares of Common Stock which, in connection with the Initial Purchase on the Closing Date pursuant to this Agreement, the Company has caused its transfer agent to issue and deliver to the Investor not later than 4:00 p.m. (New York City time) on the Trading Day immediately following the Closing Date.

Initial Purchase Shares means, with respect to the Initial Purchase made pursuant to Section 2(a) hereof, the number of Purchase Shares (rounded to the nearest whole share) directed by the Company to be purchased by the Investor in the Initial Purchase Notice, which number of Purchase Shares shall be equal to the quotient obtained by dividing (i) $1,000,000 by (ii) the Initial Purchase Price (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction that occurs on or after the date of this Agreement).

Initial Purchase Shares has the meaning set forth in SECTION 2(c) of this Agreement.