Common use of Restriction on Additional Subscriptions Clause in Contracts

Restriction on Additional Subscriptions. Notwithstanding any part of this Agreement, the Investor shall not be required to subscribe for additional Securities if the Securities to be issued on an applicable Closing, together with Common Shares and other securities convertible into or exercisable for Common Shares beneficially owned (directly or indirectly) by the Investor, would exceed 19.9% of the issued and outstanding Common Shares of the Corporation.

Restriction on Additional Subscriptions. Notwithstanding any part of this Agreement, the Investor shall not be required to subscribe for additional Securities if the Securities to be issued on an applicable Closing, together with Common Shares and other securities convertible into or exercisable for Common Shares beneficially owned (directly or indirectly) by the Investor, would exceed 19.9% of the issued and outstanding Common Shares of the Corporation.

Restriction on Additional Subscriptions. Notwithstanding any part of this Agreement, the Investor shall not be required to subscribe for additional Securities Debentures if the Securities Common Shares underlying the Debentures and the Warrants to be issued on an applicable Closing, together with Common Shares and other securities convertible into or exercisable for Common Shares beneficially owned (directly or indirectly) by the Investor, would exceed 19.9% represent five percent (5%) or more of the issued and outstanding Common Shares of the Corporation.

Restriction on Additional Subscriptions. Notwithstanding any part of this Agreement, the Investor shall not be required to subscribe for additional Securities if the Securities to be issued on an applicable Closing, together with Common Shares and other securities convertible into or exercisable excercisable for Common Shares beneficially owned (directly or indirectly) by the Investor, would exceed 19.9% of the issued and outstanding Common Shares of the Corporation.