Maximum Share Amount. Unless the Company has obtained the requisite approval of its stockholders in accordance with the applicable rules of the Principal Market, in no event may the Company issue a Draw Down Notice to sell an Investment Amount to the extent that the sum of (x) the number of shares of Common Stock represented by the quotient of (i) the requested Investment Amount, divided by (ii) the Floor Price set forth in such Draw Down Notice, plus (y) the cumulative total of all Common Shares issued under all previous Draw Downs effected pursuant to this Agreement, would exceed the Maximum Share Amount.
Appears in 2 contracts
Samples: Equity Line Financing Agreement (Gadzoox Networks Inc), Equity Line Financing Agreement (Gadzoox Networks Inc)
Maximum Share Amount. Unless the Company has obtained the requisite approval of its stockholders in accordance with the applicable rules of the Principal Market, in no event may the Company issue a Draw Down Notice to sell an Investment Amount to the extent that the sum of (x) the number of shares of Common Stock represented by the quotient of (i) the requested Investment Amount, divided by (ii) the Floor Price set forth in such Draw Down NoticePrice, plus (y) the cumulative total of all shares of Common Shares Stock issued under all previous Draw Downs effected pursuant to this Agreement, would exceed the Maximum Share Amount.
Appears in 2 contracts
Samples: Equity Line Financing Agreement (Computer Motion Inc), Equity Line Financing Agreement (Computer Motion Inc)