Common use of Limitation on Ownership Clause in Contracts

Limitation on Ownership. Immediately after the Initial Closing Date, the Investor, together with its Affiliates, if any, will not beneficially own twenty percent (20%) or more of the shares of Common Stock outstanding immediately prior to the Initial Closing Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Prides Capital Partners, LLC), Securities Purchase Agreement (Ediets Com Inc)

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Limitation on Ownership. Immediately after the Initial Closing Date, the Investor, together with its Affiliatesaffiliates, if any, will not beneficially own twenty percent (20%) or more of the shares of Common Stock outstanding immediately prior to the Initial Closing Date.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Prides Capital Partners, LLC), Securities Purchase Agreement (Ediets Com Inc)

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Limitation on Ownership. Immediately after the Initial Closing Date, the InvestorPurchaser, together with its Affiliates, if any, will not beneficially own twenty fifteen percent (2015%) or more of the shares of Common Stock outstanding immediately prior to the Initial Closing Date.

Appears in 1 contract

Samples: Securities Purchase Agreement (GTC Biotherapeutics Inc)

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