Common use of Maximum Advance Amount Clause in Contracts

Maximum Advance Amount. The amount of the individual Advance requested by the Company does not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 3 contracts

Samples: Equity Line of Credit Agreement (Zoolink Corp), Equity Line of Credit Agreement (Intercard Inc), Equity Line of Credit Agreement (Crowfly Inc)

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Maximum Advance Amount. The amount of the individual Advance requested by the Company does not exceed the Maximum Advance AmountAmount unless waived by the Investor. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 2 contracts

Samples: Equity Line of Credit Agreement (Ams Homecare Inc), Equity Line of Credit Agreement (Ams Homecare Inc)

Maximum Advance Amount. The amount of the individual Advance Advances requested by the Company does in any thirty (30) day period shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 2 contracts

Samples: Standby Equity Distribution Agreement (Stock Market Solutions Inc), Standby Equity Distribution Agreement (Distribution Management Services Inc)

Maximum Advance Amount. The amount of the individual Advance requested by the Company does not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 nine tenths percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 1 contract

Samples: Equity Line of Credit Agreement (Smartire Systems Inc)

Maximum Advance Amount. The amount of the individual any Advance requested by the Company does shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to beneficially own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (TXP Corp)

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Maximum Advance Amount. The amount of the individual Advance an Advances requested by the Company does shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Consortium Service Management Group Inc)

Maximum Advance Amount. The amount of the any individual Advance requested by the Company does shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 1 contract

Samples: Standby Equity Distribution Agreement (Mobilepro Corp)

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