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 (A) 10,000,000 shares, (B) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company’s Principal Market, excluding any Excluded Block Trades (as defined below), for all Evaluation Days (as defined below) in the Pricing Period, (C) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (D) the 9.9% Limitation (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 (Minerco Resources, Inc.)

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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 (A) 10,000,000 shares, (Bi) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company’s Principal Market, excluding any Excluded Block Trades (as defined below)block trades of 20,000 or more shares of Common Stock, for all Evaluation Days (as defined below) in the Pricing Period, (Cii) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and 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 20,000 or more shares of Common Stock, for the twenty (D20) Business Days immediately preceding the 9.9% Limitation Put 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 (A Time to Grow 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 (A) 10,000,000 2,000,000 shares, (B) 15% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company’s Principal Market, excluding any Excluded Block Trades (as defined below), Market for all Evaluation Days (as defined below) in the Pricing Period, excluding any block trades that exceed 20,000 shares of Common Stock, (C) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (D) the 9.94.9% Limitation (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 (Silver Falcon Mining, Inc.)

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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 (A) 10,000,000 2,000,000 shares, (B) 1517.5% of the sum of the aggregate daily reported Trading Volumes in the outstanding Common Stock on the Company’s Principal Market, excluding any Excluded Block Trades (as defined below), for all Evaluation Days (as defined below) in the Pricing Period, (C) the number of Put Shares which, when multiplied by their respective Put Share Prices, equals the Maximum Put Dollar Amount, and (D) the 9.9% Limitation (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 (Dc Brands International Inc)

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