Authorization and Sale of Securities Sample Clauses
The "Authorization and Sale of Securities" clause establishes the legal authority for a company to issue and sell its securities, such as shares or bonds, to investors. It typically outlines the types and amounts of securities being offered, the process for their issuance, and any conditions or approvals required before the sale can proceed. This clause ensures that the sale of securities is conducted in compliance with applicable laws and company governance, thereby providing legal certainty to both the issuer and the investors and preventing unauthorized or improper issuance of securities.
Authorization and Sale of Securities. 2 2.1. Authorization...................................................2 2.2. Sale of the Warrant.............................................2
Authorization and Sale of Securities. The Company is proposing to sell $65,000,000 aggregate principal amount of the Securities.
Authorization and Sale of Securities. Upon the terms and subject to the conditions of this Agreement, on the Closing Date the Company shall issue, sell and deliver to the Investor (which it may do through a registered broker-dealer that is an affiliate of the Company), and the Investor shall purchase from the Company (i) 117,000,000 shares of Common Stock at a purchase price of $25.25 per share, and (ii) 6,045,750 shares of Preferred Stock at a purchase price of $1,000.00 per share, in each case free and clear of all liens, encumbrances, equities or claims for an aggregate purchase price of nine billion dollars ($9,000,000,000.00) in cash (the “Purchase Price”) to be paid in full to the Company.
Authorization and Sale of Securities. The Company is proposing to sell Common Stock, in the aggregate amount of $60,000.00 to the Investor.
Authorization and Sale of Securities. Subject to the terms and conditions of this Agreement, the Company has authorized the sale of the Securities.
Authorization and Sale of Securities. The Company is proposing to sell up to $200 million aggregate liquidation preference of the Securities. The Company reserves the right to increase or decrease this amount.
Authorization and Sale of Securities. Upon the terms and subject to the conditions of this Agreement, at the Closing, the Company shall issue, sell and deliver to the Investor, and the Investor shall purchase from the Company, 250,000 shares of Series B Preferred Stock, free and clear of all liens, encumbrances, mortgages, pledges, charges, or security interests, for an aggregate purchase price of two hundred and fifty million dollars ($250,000,000) in cash (the “Aggregate Purchase Price”) to be paid in full to the Company.
Authorization and Sale of Securities. The Company has authorized the sale of up 1,149,374 Shares and Warrants to purchase 574,687 shares of Common Stock. The Company reserves the right to increase or decrease this number.
Authorization and Sale of Securities. 26 ARTICLE III Closing; Delivery. 27
Authorization and Sale of Securities. (A) Subject to the terms and conditions of this Agreement, each Purchaser agrees to purchase, severally and not jointly, and KiOR agrees to sell and issue to each Purchaser, one or more Notes, in the principal amount set forth opposite such Purchaser’s name under the heading “First Closing” on Exhibit A attached to this Agreement. The initial purchase and sale of the Notes shall take place remotely via the exchange of documents and signatures immediately following the execution and delivery of this Agreement, subject to the satisfaction of each of the Closing Conditions set forth in Section 3.1(A) below (which time and place are designated as the “First Closing”). At the First Closing, KiOR shall deliver to each Purchaser an executed Note being purchased by such Purchaser against payment of the purchase price therefor by check payable to KiOR, by wire transfer to the bank account that has been designated by KiOR, and/or, to the extent contemplated by the terms of the Existing Loan as in effect on the date hereof, by cancellation or conversion of indebtedness of KiOR to KFT Trust.
(B) Subject to the terms and conditions of this Agreement and to the right of each Purchaser to exercise its Option Right set forth in Section 1.1(D) below (which right, if exercised in full, shall terminate such Purchaser’s rights and obligations in respect of a Second Closing or Call Closing as applicable), in the event that KiOR consummates a Financing Event, then each Purchaser shall purchase, severally and not jointly, and KiOR shall sell, pursuant to the terms and conditions of this Agreement, the Shares at the Share Price, in the amounts set forth opposite such Purchaser’s name under the heading “Second Closing” on Exhibit A attached to this Agreement. Subject to the satisfaction in full of each of the Closing Conditions set forth in Section 3.1(B) and to the execution and delivery of those instruments, certificates and agreements contemplated by this Agreement to be delivered at or prior the purchase and sale of such Shares, the purchase and sale of such Shares shall take place on the date and at substantially the same time that KiOR consummates the Financing Event contemplated by this Section 1.1(B) (such purchase and sale, the “Second Closing”). At the Second Closing, KiOR shall deliver to each Purchaser one or more certificates evidencing the Shares being purchased by such Purchaser against payment of the purchase price therefor by check payable to KiOR, by wire transfe...