Issue of Securities Purchase and Sale of Securities Rights of Holders of Securities Sample Clauses

This clause defines the procedures and terms governing the issuance, purchase, and sale of securities, as well as the rights granted to holders of those securities. It typically outlines how new securities may be created and offered, the process by which parties can buy or sell these securities, and the specific entitlements or protections that security holders possess, such as voting rights or dividend entitlements. The core function of this clause is to establish clear rules and expectations for all parties involved in securities transactions, thereby reducing uncertainty and ensuring fair treatment of security holders.
Issue of Securities Purchase and Sale of Securities Rights of Holders of Securities. Section 3.01. Issue of Preferred Stock, Series B. The Company has authorized the issuance of up to $90,000,000 aggregate liquidation value of the Preferred Stock, Series B. The Preferred Stock, Series B will have the rights and preferences set forth in the Certificate of Designation. The liquidation value of the Preferred Stock, Series B will increase to the extent of accrued dividends paid in additional shares of Preferred Stock, Series B. The Preferred Stock, Series B will be offered and sold to the Purchasers without being registered under the Securities Act, in reliance on exemptions therefrom.
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Issue of Securities Purchase and Sale of Securities Rights of Holders of Securities. Section 3.01. Issue of Preferred Stock, Series B........................................................14 Section 3.02. Purchase and Sale of the Preferred Stock, Series B........................................14 Section 3.03. Closing Fee...............................................................................14
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Issue of Securities Purchase and Sale of Securities Rights of Holders of Securities 
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Related to Issue of Securities Purchase and Sale of Securities Rights of Holders of Securities

  • Purchases of Securities PFPC Trust shall settle purchased securities upon receipt of Oral Instructions or Written Instructions that specify: (i) the name of the issuer and the title of the securities, including CUSIP number if applicable; (ii) the number of shares or the principal amount purchased and accrued interest, if any; (iii) the date of purchase and settlement; (iv) the purchase price per unit; (v) the total amount payable upon such purchase; (vi) the Portfolio involved; and (vii) the name of the person from whom or the broker through whom the purchase was made. PFPC Trust shall upon receipt of securities purchased by or for a Portfolio (or otherwise in accordance with standard market practice) pay out of the monies held for the account of the Portfolio the total amount payable to the person from whom or the broker through whom the purchase was made, provided that the same conforms to the total amount payable as set forth in such Oral Instructions or Written Instructions.

  • Issue of Securities All necessary corporate action has been taken, or will be taken before Closing, to authorize the issue and sale of, and the delivery of certificates representing, the Unit Shares, Unit Warrants and Compensation Options and, upon fulfillment of the exercise requirements thereof, including payment of the requisite consideration therefor, the Unit Shares, Unit Warrant Shares and Compensation Option Shares will be validly issued as fully paid and non-assessable Common Shares.

  • Authorization of Securities The Securities to be sold by the Company under this Agreement have been duly authorized for issuance and sale to the Underwriters pursuant to this Agreement and, when issued and delivered by the Company pursuant to this Agreement against payment of the consideration set forth herein, will be validly issued, fully paid and non-assessable; no holder of the Securities is or will be subject to personal liability by reason of being such a holder; and the issuance and sale of the Securities to be sold by the Company under this Agreement are not subject to any preemptive rights, rights of first refusal or other similar rights of any securityholder of the Company or any other person.

  • Title of Securities There shall be a series of Securities designated the “6.150% Senior Notes due 2036” of the Company (the “Senior Notes”).

  • Payment of Securities 42 SECTION 4.02.