Common use of Minimum Gross Proceeds Clause in Contracts

Minimum Gross Proceeds. The Company shall have received (or shall receive concurrently with the Closing) aggregate gross proceeds from the sale of the Series C Preferred Shares to all Purchasers of not less than $50,000,000.

Appears in 1 contract

Sources: Securities Purchase Agreement (Wheeler Real Estate Investment Trust, Inc.)

Minimum Gross Proceeds. The Company shall have received (or shall receive concurrently with the Closing) aggregate gross proceeds from the sale of the Series C B Preferred Shares to all Purchasers of not less than $50,000,000$ 28,000,000.

Appears in 1 contract

Sources: Securities Purchase Agreement (Preferred Apartment Communities Inc)