Common use of MAXIMUM AMOUNT OF PUTS Clause in Contracts

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.

Appears in 3 contracts

Samples: Private Equity Line Agreement (Pixtech Inc /De/), Private Equity Line Agreement (Cytogen Corp), Private Equity Line Agreement (Cytogen Corp)

AutoNDA by SimpleDocs

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)Market, no more than 19.9% of the Outstanding shares of Common Stock may be issued and sold pursuant to Puts.

Appears in 1 contract

Samples: Stock Purchase Agreement (Crescent International LTD)

AutoNDA by SimpleDocs

MAXIMUM AMOUNT OF PUTS. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of Delaware Colorado and the applicable rules of the Principal Market (unless a waiver is obtained therefrom)Market, no more than 19.919.9 % of the Outstanding shares of Common Stock may be issued and sold pursuant to Puts.

Appears in 1 contract

Samples: Private Equity Line of Credit Agreement (Environmental Remediation Holding Corp)

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