Common use of Maximum Amount of Put Shares Clause in Contracts

Maximum Amount of Put Shares. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of California and the applicable rules of the Principal Market, no more than 19.9% of the Outstanding shares of Common Stock may be issued and sold in the aggregate pursuant to this Agreement.

Appears in 3 contracts

Samples: Escrow Agreement (Sonic Solutions/Ca/), Private Equity Line Agreement (Sonic Solutions/Ca/), Equity Line Agreement (Sonic Solutions/Ca/)

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Maximum Amount of Put Shares. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of California and the applicable rules of the Principal Market, no more than 19.9% of the Outstanding 1,510,000 shares of Common Stock may be issued and sold in the aggregate pursuant to this AgreementPuts.

Appears in 1 contract

Samples: Credit Agreement (Sonic Solutions/Ca/)

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