Common use of Put Notices Clause in Contracts

Put Notices. At any time during the Commitment Period, the Company may deliver Put Notices to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the Investment Amount for each Put as designated by the Company in the applicable Put Notice shall not be more than the Maximum Put Amount. The Company may deliver Put Notices to the Investor at its discretion, but no more frequently than every ten (10) Trading Days. The Maximum Put Amount shall not exceed One Million Two Hundred-fifty Thousand Dollars ($1,250,000), but in any event may not result in a put to the Investor of more than fifty million (50,000,000) Put Shares.

Appears in 2 contracts

Samples: Private Equity Line Agreement (Fonix Corp), Fourth Private Equity Line Agreement (Fonix Corp)

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Put Notices. At any time during the Commitment Period, the Company may deliver Put Notices to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the Investment Amount for each Put as designated by the Company in the applicable Put Notice shall not be more than the Maximum Put Amount. The Company may deliver Put Notices to the Investor at its discretion, but no more frequently than every ten twenty (1020) Trading Days. The Maximum Put Amount shall not exceed One Million Two Hundred-fifty Thousand Dollars ($1,250,000), but in any event may not result in a put to the Investor of more than fifty million (50,000,000) Put Shares.

Appears in 1 contract

Samples: Fourth Private Equity Line Agreement (Fonix Corp)

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Put Notices. At any time during the Commitment Period, the Company may deliver Put Notices to the Investor, subject to the conditions set forth in Section 7.2; provided, however, the Investment Amount for each Put as designated by the Company in the applicable Put Notice shall not be more than the Maximum Put Amount. The Company may deliver Put Notices to the Investor at its discretion, but no more frequently than every ten (10) Trading Days. The Maximum Put Amount shall not exceed One Two Million Two Hundred-fifty Thousand Dollars ($1,250,0002,000,000), but in any event may not result in a put to the Investor of more than fifty million (50,000,000) Put Shares.

Appears in 1 contract

Samples: Private Equity Line Agreement (Fonix Corp)

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