The Initial Shares Sample Clauses

The Initial Shares clause defines the specific number and type of shares that are issued to a party at the outset of an agreement or transaction. Typically, it outlines how many shares a founder, investor, or employee will receive, and may specify the class of shares, such as common or preferred stock. This clause ensures all parties have a clear understanding of the initial ownership structure, thereby preventing disputes over equity allocation and establishing a transparent foundation for future share issuances or transfers.
The Initial Shares. The Initial Shares have been duly authorized by the Company and duly and validly issued and delivered, are fully paid and nonassessable, and conform to the descriptions thereof in the Registration Statement, the Pricing Disclosure Package and the Prospectus.
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The Initial Shares. (a) The Initial Shares will be issued as restricted shares subject to applicable restrictions under the federal securities laws, including those allowing for limited resale, under SEC Rule 144, and bearing appropriate restrictive legends. (b) The Licensor and Licensee acknowledge and agree that if, after twenty-four (24) months from the date of execution of this Agreement, the average bid price of the Licensee’s Common stock for the immediately preceding 30 trading days (“the Actual Trading Price”) is less than two dollars ($2) per share, the License shall issue additional shares (“Additional Shares”) and, together with the Initial Shares, (“the Shares”) to the Licensor in a number sufficient to equal (x) two dollars ($2) minus the Actual Trading Price, multiplied by (y) two million five hundred thousand (2,500,000). (c) The Licensee shall be responsible to fully register the Shares at the Licensee’s expense (other than brokerage commission) within a period of six (6) months following their issuance (and in the case of additional share from Section #4b above or #7 below, immediately upon the date of issuance). (d) The Licensor shall be given a seat on the Board of Directors for as long as the license remains outstanding.
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The Initial Shares. The Company shall deliver to the Selling Stockholders on the Closing Date original certificates evidencing the Initial Shares, in form and substance satisfactory to the Selling Stockholders, in order to effectively vest in the Selling Stockholders all right, title and interest in and to the Initial Shares. From time to time after the Closing Date, and without further consideration, the Company will execute and deliver such other instruments and take such other actions as the Selling Stockholders may reasonably request in order to facilitate the issuance to them of the Initial Shares and, when authorized, the Additional Shares.
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The Initial Shares. 1. On the Effective Date, the number of Shares of the Musharaka Property will be [. ] Shares. 2. According to the Bank’s Contribution on the Effective Date, the Bank’s Portion will be [..............................] Shares, representing [. ] % of the Musharaka Property. 3. According to the Client’s Contribution on the Effective Date, the Client’s Portion will be [..............................] Shares, representing [. ] % of the Musharaka Property. 4. Initial Share Price: [Musharaka Capital / number of Shares] = [ 0.001] OMR
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The Initial Shares. The APG Initial Completion Share, upon its issuance, will have been duly authorized, validly issued and fully-paid, and APG will obtain full right, title and interest in and to the same, rank pari passu with, and carry the same rights in all aspects as, the other Shares then outstanding, including the rights to all dividends and other Distributions declared, made or paid at any time on or after the Initial Completion Date.
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The Initial Shares. Within ten (10) business days after the Effective Date, the Company shall issue to the Consultant or to Consultant’s designee in the name of the Consultant or Consultant’s designee, 250,000 shares of the Company’s common stock, par value $0.0001 per share (the “Initial Shares ”).
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Related to The Initial Shares

  • Initial Shares As used herein, “Initial Shares” means 229,865 shares of the Class, subject to adjustment from time to time pursuant to the provisions of this Warrant.

  • Purchased Shares Subject to the terms and conditions provided below, Seller shall sell and transfer to Buyers and Buyers shall purchase from Seller, on the Closing Date (as defined in Section 1(c)), all of the Shares.

  • Register of Shares and Share Certificates A register shall be kept at the principal office of the Trust or an office of one or more transfer agents which shall contain the names and addresses of the Shareholders of each Series and Class, the number of Shares of that Series and Class thereof held by them respectively and a record of all transfers thereof. As to Shares for which no certificate has been issued, such register shall be conclusive as to who are the holders of the Shares and who shall be entitled to receive dividends or other distributions or otherwise to exercise or enjoy the rights of Shareholders. No Shareholder shall be entitled to receive payment of any dividend or other distribution, nor to have notice given to him as herein or in the By-laws provided, until he has given his address to the transfer agent or such other officer or agent of the Trust as shall keep the said register for entry thereon. The Trustees shall have no obligation to, but in their discretion may, authorize the issuance of share certificates and promulgate appropriate rules and regulations as to their use. If one or more share certificates are issued, whether in the name of a Shareholder or a nominee, such certificate or certificates shall constitute evidence of ownership of the Shares evidenced thereby for all purposes, including transfer, assignment or sale of such Shares, subject to such limitations as the Trustees may, in their discretion, prescribe.

  • Acquired Shares Any Shares or other voting securities of the Bank with respect to which beneficial ownership is acquired by Shareholder or its affiliates, including, without limitation, by purchase, as a result of a stock dividend, stock split, recapitalization, combination, reclassification, exchange or change of such Shares or upon exercise or conversion of any securities of the Bank, if any, after the date hereof shall automatically become subject to the terms of this Agreement.

  • Option Shares For the purposes of covering any over-allotments in connection with the distribution and sale of the Firm Shares, the Company hereby grants to the Underwriters an option to purchase up to [●] additional shares of Common Stock, representing fifteen percent (15%) of the Firm Shares sold in the offering, from the Company (the “Over-allotment Option”). Such [●] additional shares of Common Stock, the net proceeds of which will be deposited with the Company’s account, are hereinafter referred to as “Option Shares.” The purchase price to be paid per Option Share shall be equal to the price per Firm Share set forth in Section 1.1.1 hereof. The Firm Shares and the Option Shares are hereinafter referred to together as the “Public Securities.” The offering and sale of the Public Securities is hereinafter referred to as the “Offering.”