Common use of Limited Ownership Clause in Contracts

Limited Ownership. The purchase of the Securities issuable to each Purchaser at the Closing will not result in such Purchaser (individually or together with any other person or entity with whom such Purchaser has identified, or will have identified, itself as part of a “group” in a public filing made with the SEC involving the Company’s securities) acquiring, or obtaining the right to acquire, in excess of 14.999% of the outstanding shares of Common Stock or voting power of the Company on a post-transaction basis that assumes that the Closing shall have occurred. Such Purchaser does not presently intend to, along or together with others, make a public filing with the SEC to disclose that it has (or that it together with such other persons or entities have) acquired, or obtained the right to acquire, as a result of the Closing (when added to any other securities of the Company that it or they then own or have the right to acquire), in excess of 14.999% of the outstanding shares of Common Stock or the voting power of the Company on a post-transaction basis that assumes that the Closing shall have occurred.

Appears in 1 contract

Samples: Research Frontiers Incorporated (Research Frontiers Inc)

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Limited Ownership. The purchase by such Buyer of the Securities issuable to each Purchaser it at the Closing will not result in such Purchaser Buyer or in the aggregate with other Buyers (individually or together with any other person or entity Persons with whom such Purchaser Buyer has identified, or will have identified, itself as part of a “group” in a public filing made with the SEC involving the Company’s securities) acquiring, or obtaining the right to acquire, in excess of 14.99919.999% of the outstanding shares of Common Stock or the voting power of the Company on a post-post transaction basis that assumes that the Closing shall have occurred. Such Purchaser Buyer does not presently intend to, along alone or together with others, make a public filing with the SEC to disclose that it has (or that it together with such other persons or entities Persons have) acquired, or obtained the right to acquire, as a result of the Closing (when added to any other securities of the Company that it or they then own or have the right to acquire), in excess of 14.99919.999% of the outstanding shares of Common Stock or the voting power of the Company on a post-post transaction basis that assumes that the Closing shall have occurred.

Appears in 1 contract

Samples: Securities Purchase Agreement (Vcampus Corp)

Limited Ownership. The purchase of the Securities Shares issuable to each Purchaser at the Closing will not result in such Purchaser (individually or together with any other person or entity with whom such Purchaser has identified, or will have identified, itself as part of a “group” in a public filing made with the SEC involving the Company’s securities) acquiring, or obtaining the right to acquire, in excess of 14.9999.999% of the outstanding shares of Common Stock or voting power of the Company on a post-transaction basis that assumes that the Closing shall have occurred. Such Purchaser does not presently intend to, along or together with others, make a public filing with the SEC to disclose that it has (or that it together with such other persons or entities have) acquired, or obtained the right to acquire, as a result of the Closing (when added to any other securities of the Company that it or they then own or have the right to acquire), in excess of 14.9999.999% of the outstanding shares of Common Stock or the voting power of the Company on a post-transaction basis that assumes that the Closing shall have occurred.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Smith Micro Software Inc)

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Limited Ownership. The purchase acquisition of the Securities Buyer Stock issuable to each Purchaser Member Party at the Closing will not result in such Purchaser Member Party (individually or together with any other person or entity with whom such Purchaser Member Party has identified, or will have identified, itself as part of a “group” in a public filing made with the SEC involving the CompanyBuyer’s securities) acquiring, or obtaining the right to acquire, in excess of 14.99919.999% of the outstanding shares of Common Stock common stock or voting power of the Company Buyer on a post-transaction basis that assumes that the Closing shall have occurred. Such Purchaser Member Party does not presently intend to, along or together with others, make a public filing with the SEC to disclose that it has (or that it together with such other persons or entities have) acquired, or obtained the right to acquire, as a result of the Closing (when added to any other securities of the Company Buyer that it or they then own or have the right to acquire), in excess of 14.99919.999% of the outstanding shares of Common Stock common stock or the voting power of the Company Buyer on a post-transaction basis that assumes that the Closing shall have occurred.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Liberated Syndication Inc.)

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