Common use of Maximum Exercise of Rights Clause in Contracts

Maximum Exercise of Rights. In the event the Holder notifies the Company that the Exercise of the rights described herein would result in the issuance of an amount of Common Stock of the Company that would exceed the maximum amount that may be issued to a Holder calculated in the manner described above, then the issuance of such additional shares of Common Stock of the Company to such Holder will be deferred in whole or in part until such time as such Holder is able to beneficially own such Common Stock without exceeding the maximum amount calculated in the manner described herein. The determination of when such Common Stock may be issued shall be made by each Holder as to only such Holder.

Appears in 19 contracts

Samples: Voting Agreement (VirtualScopics, Inc.), VirtualScopics, Inc., QPC Lasers

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Maximum Exercise of Rights. In the event the Holder notifies the Company that the Exercise exercise of the rights described herein would result in the issuance of an amount of Common Stock of the Company that would exceed the maximum amount that may be issued to a Holder calculated in the manner described above, then the issuance of such additional shares of Common Stock of the Company to such Holder will be deferred in whole or in part until such time as such Holder is able to beneficially own such Common Stock without exceeding the maximum amount set forth calculated in the manner described in herein. The determination of when such Common Stock may be issued shall be made by each Holder as to only such Holder.

Appears in 2 contracts

Samples: BioMETRX, BioMETRX

Maximum Exercise of Rights. In the event the Holder notifies the Company that the Exercise exercise of the rights described herein would result in the issuance of an amount of Common Stock common stock of the Company that would exceed the maximum amount that may be issued to a Holder calculated in the manner described above, then the issuance of such additional shares of Common Stock common stock of the Company to such Holder will be deferred in whole or in part until such time as such Holder is able to beneficially own such Common Stock common stock without exceeding the maximum amount set forth calculated in the manner described in herein. The determination of when such Common Stock common stock may be issued shall be made by each Holder as to only such Holder.

Appears in 2 contracts

Samples: BioMETRX, BioMETRX

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Maximum Exercise of Rights. In the event the Holder notifies the Company that the Exercise of the rights described herein would result in the issuance of an amount of Common Stock of the Company that would exceed the maximum amount that may be issued to a Holder calculated in the manner described above, then the issuance of such additional shares of Common Stock of the Company to such Holder will be deferred in whole or in part until such time as such Holder notifies the Company that such Holder is able to beneficially own such Common Stock without exceeding the maximum amount calculated in the manner described herein. The determination of when such Common Stock may be issued shall be made by each Holder as to only such Holder.

Appears in 1 contract

Samples: Alternative Construction Company, Inc.

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