Common use of DELIVERY OF PURCHASE NOTICES Clause in Contracts

DELIVERY OF PURCHASE NOTICES. Subject to the terms and conditions herein, including without limitation Section 7 below, and from time to time during the Commitment Period, the Company may, in its sole discretion, deliver a Purchase Notice to the Investor which states the amount of Securities which the Company intends to sell to the Investor on a Closing, provided that the Common Stock in each Purchase Notice shall not exceed the Purchase Notice Limit. No Purchase Notice shall be sent if the VWAP of Securities is at or below $0.001 during the five Business Days prior to the delivery of a Purchase Notice. The Purchase Notice shall be in the form attached hereto and incorporated herein by reference. During the Commitment Period, the Company shall not submit a Purchase Notice until the previous Closing has been completed. No Purchase Notice will be made in an amount less than twenty-five thousand dollars ($25,000) or greater than the Purchase Notice Limit.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Major League Football Inc), Common Stock Purchase Agreement (Major League Football Inc)

AutoNDA by SimpleDocs

DELIVERY OF PURCHASE NOTICES. Subject to the terms and conditions herein, including without limitation Section 7 below, and from time to time during the Commitment Period, the Company may, in its sole discretion, deliver a Purchase Notice to the Investor which states the amount of Securities which the Company intends to sell to the Investor on a Closing, provided that the Common Stock in each Purchase Notice Closing shall not exceed the Purchase Notice Limit. No Purchase Notice shall be sent if the VWAP volume-weighted average price of Securities is at or below $0.001 0.01 during the five six Business Days prior to the delivery of a Purchase Notice. The Purchase Notice shall be in the form attached hereto and incorporated herein by reference. During the Commitment Period, the Company shall not submit a Purchase Notice until the previous Closing has been completed. No Purchase Notice will be made in an amount less than twenty-five twenty thousand dollars ($25,00020,000) or greater than the Purchase Notice Limit.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (U.S. Lighting Group, Inc.)

AutoNDA by SimpleDocs

DELIVERY OF PURCHASE NOTICES. Subject to the terms and conditions herein, including without limitation Section 7 below, and from time to time during the Commitment Period, the Company may, in its sole discretion, deliver a Purchase Notice to the Investor which states the amount of Securities which the Company intends to sell to the Investor on a Closing, provided that the Common Stock in each Purchase Notice shall not exceed the Purchase Notice Limit. No Purchase Notice shall be sent if the VWAP Volume-Weighted Average Price of Securities is at or below $0.001 0.01 during the five Business Days prior to the delivery of a Purchase Notice. The Purchase Notice shall be in the form attached hereto and incorporated herein by reference. During the Commitment Period, the Company shall not submit a Purchase Notice until the previous Closing has been completed. No Purchase Notice will be made in an amount less than twenty-five thousand dollars ($25,000) or greater than the Purchase Notice Limit.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Edgemode, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!