MAXIMUM AMOUNT OF PUTS. If required by the Principal Market, until the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of the State of Florida and the applicable rules of the Principal Market, no more than 26,187,547 shares of Common Stock (representing approximately 19.9% of the Outstanding Common Stock on the date hereof) may be issued and sold to Investor pursuant to this Agreement.
MAXIMUM AMOUNT OF PUTS. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of Delaware and the applicable rules of the Principal Market (unless a waiver is obtained therefrom), no more than 19.9% of the Outstanding shares of Common Stock may be issued and sold pursuant to Puts.
MAXIMUM AMOUNT OF PUTS. 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 pursuant to Puts and Warrants.
MAXIMUM AMOUNT OF PUTS. If required by the Principal Market, until the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of the State of Delaware and the applicable rules of the Principal Market, no more than the specified shares of Common Stock (representing approximately 19.9% of the Outstanding Common Stock on the date hereof) may be issued and sold to Investor pursuant to this Agreement.
MAXIMUM AMOUNT OF PUTS. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of the State of Georgia and the applicable rules of the Principal Market, no more than 19.99% of the Outstanding Common Stock on the date hereof) may be issued and sold to Investor pursuant to this Agreement.
MAXIMUM AMOUNT OF PUTS. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of the State of Utah and the applicable rules of the Principal Market, no more than 2,043,000 shares of Common Stock (representing approximately 19.9% of the Outstanding Common Stock on the date hereof) may be issued and sold to Investor pursuant to this Agreement.
MAXIMUM AMOUNT OF PUTS. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of the State of Nevada and the applicable rules of the Principal Market, the Company may not issue shares pursuant to any Put which is in excess of (i) 19.9% of the then Outstanding Common Stock on the date of the Put, less (ii) (A) the aggregate amount of shares of Common Stock previously issued under this Agreement, plus (B) the aggregate amount of shares which have been previously issued as of the date of the Put (in connection with prior conversions) and would then be issuable assuming Investor converted all the then unconverted shares of the 7% Cumulative Convertible Redeemable Preferred Stock, Series B, $1,000 liquidation value per share, purchased by the Investor from the Company pursuant to that certain Securities Purchase Agreement, dated as of January 24, 2001 (the "Securities Purchase Agreement"), plus (C) the number of shares deliverable to Investor (or any brokers or other parties receiving warrants as a fee in connection with this Agreement and the Securities Purchase Agreement) if it exercised all of the Warrants issued to it hereunder and pursuant to the Securities Purchase Agreement.
MAXIMUM AMOUNT OF PUTS. The obligation to purchase stock pursuant to the definitive agreement in any monthly period shall be limited to the lesser of: $500,000; remaining amounts available under the line; an amount equal to 10% of the total dollar trading volume in Company common stock (based on the closing bid prices) during the month in questions; or the maximum amount which the Investor could purchase without being required to file a Form 13D under the Securities Exchange Act of 1934.
MAXIMUM AMOUNT OF PUTS. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of any State or regulatory or self regulatory authority which may be applicable, no more than the amount of 19.9% of the Outstanding shares of Common Stock may be issued and sold pursuant to Puts without said approval may be put or sold. The obligation to purchase stock pursuant to the definitive agreement in any monthly period shall be limited to the lesser of: $250,000; remaining amounts available under the line; an amount equal to 10% of the total dollar trading volume in Company common stock (based on the closing bid prices) during the month in questions; or the maximum amount which the Investor could purchase without being required to file a Form 13D under the Securities Exchange Act of 1934.
MAXIMUM AMOUNT OF PUTS. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of any State or regulatory or self regulatory authority which may be applicable, no more than 19.9% of the Outstanding shares of Common Stock may be issued and sold pursuant to Puts without shareholder approval. The Investor's obligation to purchase shares of the Company's Common Stock under this Agreement during any 30-day period shall be the lesser of: (i) $150,000; (ii) the remaining amounts available under the line; (iii) an amount equal to 10% of the total dollar trading volume in the Company's Common Stock (based on the closing bid prices) during the 30-days in questions; or (iv) the maximum amount which the Investor could purchase without being required to file a Form 13D under the Securities Exchange Act of 1934.
