Common use of Principal Market Limitation Clause in Contracts

Principal Market Limitation. Notwithstanding anything in this Note to the contrary, the Company shall not issue any Common Shares upon conversion of this Note, or otherwise, if the issuance of such Common Shares, together with any Common Shares issued in connection the SEPA and any other related transactions that may be considered part of the same series of transactions, would exceed the aggregate number Common Shares that the Company may issue in a transaction in compliance with the Company’s obligations under the rules or regulations of The Nasdaq Stock Market LLC (“Nasdaq”) and shall be referred to as the “Exchange Cap,” except that such limitation shall not apply if the Company’s stockholders have approved such issuances on such terms in excess of the Exchange Cap in accordance with the rules and regulations of Nasdaq.

Appears in 5 contracts

Samples: Convertible Note (Armlogi Holding Corp.), Convertible Note (Envirotech Vehicles, Inc.), Standby Equity Purchase Agreement (Envirotech Vehicles, Inc.)

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Principal Market Limitation. Notwithstanding anything in this Note to the contrary, the Company shall not issue any Common Shares upon conversion of this Note, or otherwise, if the issuance of such Common Shares, together with any Common Shares issued in connection the SEPA Agreement and with any other related transactions that may be considered part of the same series of transactions, would exceed the aggregate number Common Shares that the Company may issue in a transaction in compliance with the Company’s obligations under the rules or regulations of The Nasdaq Stock Market LLC (the “Nasdaq”) and shall be referred to as the “Exchange Cap,” except that such limitation shall not apply if the Company’s stockholders have approved such issuances on such terms in excess of the Exchange Cap in accordance with the rules and regulations of the Nasdaq.

Appears in 5 contracts

Samples: Prepaid Advance Agreement (Applied Digital Corp.), Convertible Note (Applied Digital Corp.), Convertible Note (Applied Digital Corp.)

Principal Market Limitation. Notwithstanding anything in this Note to the contrary, the Company shall not issue any Common Shares upon conversion of this Note, or otherwise, if the issuance of such Common Shares, together with any Common Shares issued in connection the SEPA and with any other related transactions that may be considered part of the same series of transactions, would exceed the aggregate number Common Shares that the Company may issue in a transaction in compliance with the Company’s obligations under the rules or regulations of The Nasdaq Stock Market LLC (the “Nasdaq”) and shall be referred to as the “Exchange Cap,” except that such limitation shall not apply if the Company’s stockholders have approved such issuances on such terms in excess of the Exchange Cap in accordance with the rules and regulations of the Nasdaq.

Appears in 4 contracts

Samples: Convertible Promissory Note (Coeptis Therapeutics Holdings, Inc.), Convertible Note (Inception Growth Acquisition LTD), Convertible Note (GameSquare Holdings, Inc.)

Principal Market Limitation. Notwithstanding anything in this Note to the contrary, the Company shall not issue any Common Shares upon conversion of this Note, or otherwise, if the issuance of such Common Shares, together with any Common Shares issued in connection the SEPA and any other related transactions that may be considered part of the same series of transactions, would exceed the aggregate number Common Shares that the Company may issue in a transaction in compliance with the Company’s obligations under the rules or regulations of The [Nasdaq Stock Market LLC (the “Nasdaq”) )] and shall be referred to as the “Exchange Cap,” except that such limitation shall not apply if the Company’s stockholders have approved such issuances on such terms in excess of the Exchange Cap in accordance with the rules and regulations of the Nasdaq.

Appears in 4 contracts

Samples: Standby Equity Purchase Agreement (Celularity Inc), Consent to Yorkville Arrangements (Celularity Inc), Convertible Note (Celularity Inc)

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Principal Market Limitation. Notwithstanding anything in this Note to the contrary, the Company shall not issue any shares of Common Shares Stock upon conversion of this Note, or otherwise, if the issuance of such Common SharesStock, together with any Common Shares Stock issued in connection the SEPA and with any other related transactions that may be considered part of the same series of transactions, would exceed the aggregate number of shares of Common Shares Stock that the Company may issue in a transaction in compliance with the Company’s obligations under the rules or regulations of The Nasdaq Stock Market LLC (the “Nasdaq”) and shall be referred to as the “Exchange Cap,” except that such limitation shall not apply if the Company’s stockholders have approved such issuances on such terms in excess of the Exchange Cap in accordance with the rules and regulations of the Nasdaq.

Appears in 3 contracts

Samples: Convertible Promissory Note (SMX (Security Matters) Public LTD Co), Convertible Promissory Note (SMX (Security Matters) Public LTD Co), Reciprocal Standby Equity Purchase Agreement (Lionheart III Corp)

Principal Market Limitation. Notwithstanding anything in this Note to the contrary, the Company shall not issue any Common Ordinary Shares upon conversion of this Note, or otherwise, if the issuance of such Common Ordinary Shares, together with any Common Ordinary Shares issued in connection the SEPA and with any other related transactions that may be considered part of the same series of transactions, would exceed the aggregate number Common Ordinary Shares that the Company may issue in a transaction in compliance with the Company’s obligations under the rules or regulations of The Nasdaq Stock Market LLC (the “Nasdaq”) and shall be referred to as the “Exchange Cap,” except that such limitation shall not apply if the Company’s stockholders have approved such issuances on such terms in excess of the Exchange Cap, or the Exchange Cap no longer applies, in either case, in accordance with the rules and regulations of the Nasdaq.

Appears in 2 contracts

Samples: Standby Equity Purchase Agreement (Zapp Electric Vehicles Group LTD), Standby Equity Purchase Agreement (Zapp Electric Vehicles Group LTD)

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