Common use of LIMITATION COVENANTS Clause in Contracts

LIMITATION COVENANTS. The Holder covenants at all times on each day (each such day being referred to as a "Covenant Day") as follows: During the balance of such Covenant Day and the succeeding sixty-one (61) days (the balance of such Covenant Day and the succeeding 61 days being referred to as the "Covenant Period") such Holder will not acquire shares of Common Stock pursuant to any right (including conversion of Debentures) existing at the commencement of the Covenant Period to the extent the number of shares so acquired by such Holder and its Aggregation Parties (ignoring all dispositions) would exceed:

Appears in 2 contracts

Samples: Securities Purchase Agreement (Genesisintermedia Com Inc), Fonar Corp

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LIMITATION COVENANTS. The Holder covenants at all times on each day (each such day being referred to as a "Covenant DayCOVENANT DAY") as follows: During the balance of such Covenant Day and the succeeding sixty-one (61) days (the balance of such Covenant Day and the succeeding 61 days being referred to as the "Covenant PeriodCOVENANT PERIOD") such Holder will not acquire shares of Common Stock pursuant to any right (including conversion of Debentures) existing at the commencement of the Covenant Period to the extent the number of shares so acquired by such Holder and its Aggregation Parties (ignoring all dispositions) would exceed:

Appears in 2 contracts

Samples: Viragen Inc, Viragen Inc

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