Common use of Minimum Gross Proceeds Clause in Contracts

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares against payment of an aggregate Purchase Price of at least $75.0 million.

Appears in 3 contracts

Sources: Securities Purchase Agreement (Ecb Bancorp Inc), Securities Purchase Agreement (Ecb Bancorp Inc), Securities Purchase Agreement (Ecb Bancorp Inc)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such the Closing to the Purchasers hereunder in the aggregate at least sufficient Common Preferred Shares against payment of an aggregate Purchase Price Subscription Amounts of at least $75.0 175.0 million.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Oriental Financial Group Inc), Securities Purchase Agreement (Oriental Financial Group Inc)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares shares of the Preferred Stock against payment of an aggregate Purchase Price of at least $75.0 75 million.

Appears in 2 contracts

Sources: Securities Purchase Agreement (Heritage Commerce Corp), Securities Purchase Agreement (Heritage Commerce Corp)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such the Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares against payment of an aggregate Purchase Price Subscription Amounts of at least approximately $75.0 35 million.

Appears in 1 contract

Sources: Securities Purchase Agreement (SCBT Financial Corp)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares Securities against payment of an aggregate Purchase Price of at least $75.0 15.0 million.

Appears in 1 contract

Sources: Securities Purchase Agreement (Cordia Bancorp Inc)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such Closing to the Purchasers hereunder in the aggregate at least sufficient Common shares of the Preferred Stock and Series C Preferred Shares against payment of an aggregate Purchase Price of at least $75.0 million55.0 million (not taking into account the Patriot Additional Shares).

Appears in 1 contract

Sources: Securities Purchase Agreement (Heritage Oaks Bancorp)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such the Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares against payment payment, price per share equal to the Purchase Price, of an aggregate Purchase Price Subscription Amounts of at least $75.0 29.9 million.

Appears in 1 contract

Sources: Securities Purchase Agreement (Bridge Capital Holdings)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such the Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares against payment of an aggregate Purchase Price Subscription Amounts of at least $75.0 54.95 million.

Appears in 1 contract

Sources: Securities Purchase Agreement (Renasant Corp)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such the Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares against payment of an aggregate Purchase Price Subscription Amounts of at least approximately $75.0 million2,723,850.50.

Appears in 1 contract

Sources: Securities Purchase Agreement (Bay Banks of Virginia Inc)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such Closing to the Purchasers hereunder in the aggregate at least a sufficient number of Common Shares and Warrants against payment of an aggregate Purchase Price of at least $75.0 26 million.

Appears in 1 contract

Sources: Securities Purchase Agreement (Porter Bancorp, Inc.)

Minimum Gross Proceeds. The Company shall simultaneously issue and deliver at such Closing to the Purchasers hereunder in the aggregate at least sufficient Common Shares shares of the Preferred Stock against payment of an aggregate Purchase Price of at least $75.0 40.0 million.

Appears in 1 contract

Sources: Securities Purchase Agreement (North Valley Bancorp)