Maximum Sale of Class A Common Stock. Unless the Company obtains the requisite approval of its shareholders in accordance with the corporate laws of Delaware and the applicable rules of the Principal Trading Facility and the NASD, no more than 19.9% of the Outstanding shares of Class A Common Stock may be issued and sold in the aggregate pursuant to this Agreement.
Appears in 6 contracts
Samples: Private Equity Line Agreement (Fonix Corp), Private Equity Line Agreement (Fonix Corp), Private Equity Line Agreement (Fonix Corp)
Maximum Sale of Class A Common Stock. Unless If the Company obtains the requisite is required to obtain shareholder approval of its shareholders in accordance with the corporate laws of Delaware and the applicable rules of the Principal Trading Facility and the NASD, unless the Company obtains such approval of its shareholders, no more than 19.9% of the Outstanding shares of Class A Common Stock may be issued and sold in the aggregate pursuant to this Agreement.
Appears in 1 contract
