Exchange Cap Limitation. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the "Exchange Cap" shall be deemed to be reached. The "Exchange Cap" shall be deemed to be reached at such time if, upon submission of a Purchase Notice under this Agreement, the issuance of such shares of Common Stock would exceed that number of shares of Common Stock which the Company may issue under this Agreement without breaching the Company's obligations under the rules or regulations of the Principal Market.
Appears in 5 contracts
Samples: Stock Purchase Agreement (Usurf America Inc), Common Stock Purchase Agreement (U S Plastic Lumber Corp), Common Stock Purchase Agreement (Usurf America Inc)
Exchange Cap Limitation. The Company shall not effect any purchase under this Agreement and the Buyer shall not have the right to purchase shares of Common Stock under this Agreement to the extent that after giving effect to such purchase the "Exchange Cap" shall be deemed to be reached. The "Exchange Cap" shall be deemed to be reached at such time if, upon submission of a Purchase Notice purchase under this Agreement, the issuance of such shares of Common Stock would exceed that number of shares of Common Stock which the Company may issue under this Agreement without breaching the Company's obligations under the rules or regulations of the Principal Market.
Appears in 2 contracts
Samples: Common Stock Purchase Agreement (Usurf America Inc), Common Stock Purchase Agreement (U S Plastic Lumber Corp)
