Common use of PUTS Clause in Contracts

PUTS. Section 2.1. “Puts” Subject to the terms and conditions of this Agreement (including, without limitation, the provisions of Article VII hereof), the Company, at its sole and exclusive option, may issue and sell to the Investor, and the Investor shall purchase from the Company, Put Shares, by the delivery, in the Company’s sole discretion, of Put Notices. The aggregate maximum amount of all Puts that the Investor shall be obligated to make under this Agreement shall not exceed the Commitment Amount. Once a Put Notice is received by the Investor, it shall not be terminated, withdrawn or otherwise revoked by the Company except as set forth in this Agreement. Notwithstanding anything to the contrary herein, in no event shall the Company submit a Put Notice, and the Investor may not accept, a Put until the three (3) month anniversary of the registration statement being deemed effective by the SEC.

PUTS. Section 2.1. “Puts” Subject to the terms and conditions of this Agreement (including, without limitation, the provisions of Article VII hereof), the Company, at its sole and exclusive option, may issue and sell to the Investor, and the Investor shall purchase from the Company, Put Shares, by the delivery, in the Company’s sole discretion, of Put Notices. The aggregate maximum amount of all Puts that the Investor shall be obligated to make under this Agreement shall not exceed the Commitment Amount. Once a Put Notice is received by the Investor, it shall not be terminated, withdrawn or otherwise revoked by the Company except as set forth in this Agreement. Notwithstanding anything to the contrary herein, in no event shall the Company submit a Put Notice, and the Investor may not accept, a Put until the three (3) month anniversary of the registration statement being deemed effective by the SEC.