Common use of Maximum Put Amount Clause in Contracts

Maximum Put Amount. The maximum number of shares of Common Stock that the Investor shall be required to purchase for any Put shall be equal to the lesser of (i) 200% of the average Daily Trading Volume of the Common Stock in the ten (10) Trading Days immediately preceding the Put Notice, and (ii) such number of shares as shall have an aggregate value of $200,000, based on the Purchase Price.

Appears in 2 contracts

Sources: Investment Agreement (Intercloud Systems, Inc.), Investment Agreement (Intercloud Systems, Inc.)

Maximum Put Amount. The maximum number of shares of Common Stock that the Investor shall be required to purchase for any Put shall be equal to the lesser of (i) 200% of the average Daily Trading Volume of the Common Stock in the ten (10) Trading Days immediately preceding the Put Notice, and or (ii) such number of shares as shall have an aggregate value of $200,0001,500,000, based on the Purchase Price.

Appears in 1 contract

Sources: Investment Agreement (Terra Tech Corp.)