Common use of Aggregate Funding Clause in Contracts

Aggregate Funding. Each of the other Investors listed in Schedule 1 shall have purchased Investment Units pursuant to this Agreement and the total number of Investment Units purchased by the Investors shall be not less than 1,600,000 Investment Units, the total number of Series A Cumulative Voting Preference Shares of the Company (the "Series A Preferred Stock") and shares of Common Stock purchased by other investors shall be not less than 2,600,000 shares and 1,272,043 shares, respectively, and the Company shall have received Commitments and gross proceeds from the sale of the Investment Units, the Series A Preferred Stock and the Common Stock of not less than U.S. $210,500,000. The Shares have been duly authorized and issued to the respective Investors.

Appears in 1 contract

Sources: Subscription Agreement (Cga Group LTD)

Aggregate Funding. Each of the other Investors listed in Schedule 1 shall have purchased Investment Units pursuant to this Agreement and the The total number of Investment Units shares of Series A Preferred Stock purchased by the Investors shall be not less than 1,600,000 Investment Units2,600,000 Shares, the total number of Series A Cumulative Voting Preference Shares Investment Units (as defined in the Private Placement Memorandum) and common shares of the Company (the "Series A Preferred Common Stock") and shares of Common Stock purchased by other investors shall be not less than 2,600,000 shares 1,600,000 Investment Units and 1,272,043 shares, respectively, and the Company shall have received Commitments and gross proceeds from the sale of the Investment Units, the Series A Preferred Stock and the Common Stock of not less than U.S. $210,500,000. The Shares have been duly authorized and issued to the respective Investors.

Appears in 1 contract

Sources: Subscription Agreement (Cga Group LTD)

Aggregate Funding. Each of the other Investors listed in Schedule 1 shall have purchased Investment Units pursuant to this Agreement and the The total number of Investment Units the shares of Series A Preferred Stock purchased by the Investors shall be not less than 1,600,000 Investment Units2,600,000 Shares, the total number of Series A Cumulative Voting Preference Shares of the Company (the "Series A Preferred Stock") Investment Units and shares of Common Stock of the Company purchased by other investors shall be not less than 2,600,000 shares 1,600,000 Investment Units and 1,272,043 shares, respectively, and the Company shall have received Commitments and gross proceeds from the sale of the Investment Units, the Series A Preferred Stock and the Common Stock of not less than U.S. $210,500,000. The Shares have been duly authorized and issued to the respective Investors.

Appears in 1 contract

Sources: Subscription Agreement (Cga Group LTD)