Examples of Required Minimum in a sentence
The Company has reserved from its duly authorized and unissued capital stock, a number of shares of Common Stock for issuance upon the conversion of the Notes at least equal to the Required Minimum on the date hereof.
Within five (5) Business Days of the Revised Land Use Plan City Staff Approval, Seller will direct its consultants to prepare a Major Modification to the Development Agreement (the “Major Modification”) to obtain the City’s SMRH:4867-2220-9151.17 -23- approval of the Revised Land Use Plan, the Required Minimum Density and removal of the Active Adult designation.
Prior to the Effective Date, Seller directed its consultants to commence the preparation of an amendment to the Current Master Tentative Map to reflect the Revised Land Use Plan meeting the Required Minimum Density and as approved by the City (the “Revised Master Tentative Map”, and together with the Parcel Split Map, Revised Land Use Plan and Major Modification, collectively, the “Required Entitlement Documents” and each a “Required Entitlement Document”).
If, on any date, the number of authorized but unissued (and otherwise unreserved) shares of Common Stock is less than the Required Minimum on such date, then the Board of Directors shall use commercially reasonable efforts to amend the Company’s certificate or articles of incorporation to increase the number of authorized but unissued shares of Common Stock to at least the Required Minimum at such time, as soon as possible.