Common use of Maximum Draw Down Clause in Contracts

Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 or (ii) 200% of the average daily trading volume for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s common stock over the ten (10) trading days immediately preceding the Draw Down Notice Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Chess Supersite Corp), Securities Purchase Agreement (Chess Supersite Corp)

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Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 200,000.00 or (ii) 200% of the average daily trading volume for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s common stock over the ten (10) trading days immediately preceding the Draw Down Notice Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Cherubim Interests, Inc.)

Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 200,000.0 or (ii) 200% of the average daily trading volume for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s 's common stock over the ten (10) trading days immediately preceding the Draw Down Notice Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Movie Studio, Inc.)

Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 140,000.00 or (ii) 200% of the average daily trading volume for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s common stock over the ten (10) trading days immediately preceding the Draw Down Notice Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (ABCO Energy, Inc.)

Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 208,333 or (ii) 200% of the average daily trading volume for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s common stock over the ten (10) trading days immediately preceding the Draw Down Notice Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Ehouse Global, Inc.)

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Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 166,000.00 or (ii) 200% of the average daily trading volume of the three lowest dollar amounts for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s common stock over the ten (10) trading days immediately preceding the Draw Down Notice Date...

Appears in 1 contract

Samples: Securities Purchase Agreement (Simlatus Corp)

Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 250,000 or (ii) 200% of the average daily trading volume for the ten (10) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s common stock over the ten (10) trading days immediately preceding the Draw Down Notice Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Kibush Capital Corp)

Maximum Draw Down. The maximum Draw Down Amount allowed under this Agreement shall be equal to the lesser of (i) $125,000.00 100,000 or (ii) 200% of the average daily trading volume for the ten twenty (1020) trading days immediately preceding the Draw Down Notice Date, multiplied by the lowest trading price for the Company’s common stock over the ten twenty (1020) trading days immediately preceding the Draw Down Notice Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gopher Protocol Inc.)

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