Common use of Maximum Advance Amount Clause in Contracts

Maximum Advance Amount. The amount of the Advances requested by the Company in any thirty (30) day period shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 2 contracts

Samples: Equity Distribution Agreement (Stock Market Solutions Inc), Equity Distribution Agreement (Distribution Management Services Inc)

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Maximum Advance Amount. The amount of the an Advances requested by the Company in any thirty (30) day period shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 1 contract

Samples: Equity Distribution Agreement (Consortium Service Management Group Inc)

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Maximum Advance Amount. The amount of the Advances any Advance requested by the Company in any thirty (30) day period shall not exceed the Maximum Advance Amount. In addition, in no event shall the number of shares issuable to the Investor pursuant to an Advance cause the Investor to beneficially own in excess of nine and 9/10 percent (9.9%) of the then outstanding Common Stock of the Company.

Appears in 1 contract

Samples: Equity Distribution Agreement (TXP Corp)

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