Common use of Additional Preferred Shares Clause in Contracts

Additional Preferred Shares. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 1(c), 6(b) and 7(b) below, the Company shall issue and sell to each Buyer electing to participate in such Additional Closing pursuant to Section 1(c) below, and each such Buyer severally, but not jointly, agrees to purchase from the Company on such Additional Closing Date (as defined below), up to the number of Additional Preferred Shares as is set forth opposite such Buyer’s name in column (4) on the Schedule of Buyers (each, an “Additional Closing”).

Appears in 1 contract

Sources: Securities Purchase Agreement (TXCO Resources Inc)

Additional Preferred Shares. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 1(c), 6(b) and 7(b) below, the Company shall issue and sell to each Buyer electing to participate in such Additional Closing pursuant to Section 1(c) below, and each such Buyer severally, but not jointly, agrees to purchase from the Company on such Additional Closing Date (as defined below), up to the number of Additional Preferred Shares as is set forth opposite such Buyer’s 's name in column (4) on the Schedule of Buyers (each, an "Additional Closing").

Appears in 1 contract

Sources: Securities Purchase Agreement (TXCO Resources Inc)

Additional Preferred Shares. Subject to the satisfaction (or waiver) of the conditions set forth in Sections 1(c), 6(b) and 7(b) below, the Company shall issue and sell to each Buyer electing to participate in such Additional Closing pursuant to Section 1(c) below, and each such Buyer severally, but not jointly, agrees to purchase from the Company on such Additional Closing Date (as defined below), up to the number of Additional Preferred Shares as is set forth opposite such Buyer’s 's name in column (45) on the Schedule of Buyers (each, an "Additional Closing").

Appears in 1 contract

Sources: Securities Purchase Agreement (TXCO Resources Inc)