Common use of Put Share Amount Clause in Contracts

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than the Investor or its affiliates, for all Evaluation Days (as defined below) in the Pricing Period, (iii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iv) the 9.9% Limitation, but in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than the Investor or its affiliates, for the twenty (20) Business Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:

Appears in 1 contract

Samples: Investment Agreement (Ivoice Com Inc /De)

AutoNDA by SimpleDocs

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for all Evaluation Days (as defined below) in the Pricing Period, (iiiii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iviii) the 9.9% Limitationof the total amount of the Company's Common Stock that would be outstanding upon completion of the Put, but in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for the twenty (20) Business Trading Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:.

Appears in 1 contract

Samples: Investment Agreement (Quikbiz Internet Group Inc)

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (iA) 1,500,000 shares, (iiB) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's ’s Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than that exceed the Investor or its affiliatesMaximum Block Trade Amount (as defined below), for all Evaluation Days (as defined below) in the Pricing Period, (iiiC) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (ivD) the 9.9% Limitation, but in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's ’s Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than that exceed the Investor or its affiliatesMaximum Block Trade Amount (as defined below), for the twenty (20) Business Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation limitations in (iA) and (B) immediately above, above are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:

Appears in 1 contract

Samples: Warrant Agreement (Greenland Corp)

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades exceeding the greater of 30,000 or more 20,000 shares of Common Stock by parties other than the Investor or its affiliates$50,000 worth of Common Stock, for all Evaluation Days (as defined below) in the Pricing Period, (iiiii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iviii) the 9.9% Limitation, but in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades exceeding the greater of 30,000 or more 20,000 shares of Common Stock by parties other than the Investor or its affiliates$50,000 worth of Common Stock, for the twenty (20) Business Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:

Appears in 1 contract

Samples: Investment Agreement (Salesrepcentral Com Inc)

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for all Evaluation Days (as defined below) in the Pricing Period, (iiiii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iviii) the 9.9% Limitationof the total amount of the Company's Common Stock that would be outstanding upon completion of the Put, but shall in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for the twenty (20) Business Trading Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:.

Appears in 1 contract

Samples: Investment Agreement (Alottafun Inc)

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for all Evaluation Days (as defined below) in the Pricing Purchase Period, (iiiii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iviii) the 9.9% Limitationof the total amount of the Company's Common Stock that would be outstanding upon completion of the Put, but shall in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for the twenty (20) Business Trading Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock The Investor, at its option, may waive all or arrange for Common Stock to be traded for the purpose any portion of artificially increasing the Volume Limitations. For purposes , and purchase a number of this Agreement:Put Shares up to the full Intended Put Share Amount, subject only to the Company Designated Maximum Put Dollar Amount.

Appears in 1 contract

Samples: Investment Agreement (Alottafun Inc)

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for all Evaluation Days (as defined in Section 2.3.7(b) below) in the Pricing Period, (iiiii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iviii) the 9.9% Limitationof the total amount of the Company's Common Stock that would be outstanding upon completion of the Put, but shall in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes trading volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for the twenty (20) Business Trading Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:.

Appears in 1 contract

Samples: Investment Agreement (Planet America Inc)

AutoNDA by SimpleDocs

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (iA) 1,500,000 shares, (iiB) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than that exceed the Investor or its affiliatesMaximum Block Trade Amount (as defined below), for all Evaluation Days (as defined below) in the Pricing Period, (iiiC) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (ivD) the 9.9% Limitation, but in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's Principal Market, excluding any block trades of 30,000 or more shares of Common Stock by parties other than that exceed the Investor or its affiliatesMaximum Block Trade Amount (as defined below), for the twenty (20) Business Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation limitations in (iA) and (B) immediately above, above are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume LimitationsLimitations during any Extended Put Period. For purposes of this Agreement:

Appears in 1 contract

Samples: Investment Agreement (Findex Com Inc)

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's ’s Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for all Evaluation Days (as defined below) in the Pricing Period, (iii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iv) the 9.9% Limitation, but in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's ’s Principal Market, excluding any block trades of 30,000 20,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for the twenty (20) Business Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:

Appears in 1 contract

Samples: Investment Agreement (Itronics Inc)

Put Share Amount. The "Put Share Amount" is the number of shares of Common Stock that the Investor shall be obligated to purchase in a given Put, and shall equal the lesser of (i) the Intended Put Share Amount, and (ii) the Individual Put Limit. The "Individual Put Limit" shall equal the lesser of (i) 1,500,000 shares, (ii) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's ’s Principal Market, excluding any block trades of 30,000 50,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for all Evaluation Days (as defined below) in the Pricing Period, (iii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (iv) the 9.9% Limitation, but in no event shall the Individual Put Limit exceed 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company's ’s Principal Market, excluding any block trades of 30,000 50,000 or more shares of Common Stock by parties other than the Investor or its affiliatesStock, for the twenty (20) Business Days immediately preceding the Advance Put Notice Date (this limitation, together with the limitation in (i) immediately above, are collectively referred to herein as the "Volume Limitations"). Company agrees not to trade Common Stock or arrange for Common Stock to be traded for the purpose of artificially increasing the Volume Limitations. For purposes of this Agreement:

Appears in 1 contract

Samples: Investment Agreement (Itronics Inc)

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