Principal Market Regulation. The Company shall not issue any Put Shares, Restricted Shares or Blackout Shares, if any, and the Investor shall not have the right to receive any Put Shares, Restricted Shares or Blackout Shares, if the issuance of such shares would exceed the Exchange Cap, except that such limitation shall not apply in the event that the Company obtains the approval of its stockholders as required by the applicable rules of the Principal Market for issuances of Common Stock in excess of such amount, which such approval the Company will use its best efforts to obtain. Until such approval is obtained, Investor shall not be issued under the Transaction Documents, shares of Common Stock in an amount greater than the Exchange Cap.
Appears in 8 contracts
Samples: Equity Purchase Agreement (Brazil Gold Corp.), Equity Purchase Agreement (UFood Restaurant Group, Inc.), Equity Purchase Agreement (East Coast Diversified Corp)
Principal Market Regulation. The Company shall not issue any Put Shares, Restricted Shares or Blackout Shares, if any, and the Investor shall not have the right to receive any Put Shares, Restricted Shares or Blackout Shares, if the issuance of such shares would exceed the aggregate number of shares of Common Stock which the Company may issue without breaching the Company’s obligations under the rules or regulations of the Principal Market (the “Exchange Cap”), except that such limitation shall not apply in the event that the Company obtains the approval of its stockholders as required by the applicable rules of the Principal Market for issuances of Common Stock in excess of such amount, which such approval the Company will use its best efforts to obtain. Until such approval is obtained, Investor shall not be issued under the Transaction Documents, shares of Common Stock in an amount greater than the Exchange Cap.
Appears in 3 contracts
Samples: Equity Credit Agreement (ProText Mobility, Inc.), Equity Credit Agreement (Internal Fixation Systems, Inc.), Equity Credit Agreement (Sauer Energy, Inc.)
Principal Market Regulation. The Company shall not issue any Put Shares, Restricted Warrant Shares or Blackout Shares, if any, and the Investor shall not have the right to receive any Put Shares, Restricted Warrant Shares or Blackout Shares, if the issuance of such shares would exceed the Exchange Cap, except that such limitation shall not apply in the event that the Company obtains the approval of its stockholders as required by the applicable rules of the Principal Market for issuances of Common Stock in excess of such amount, which such approval the Company will use its best efforts to obtain. Until such approval is obtained, Investor shall not be issued under the Transaction Documents, shares of Common Stock in an amount greater than the Exchange Cap.
Appears in 3 contracts
Samples: Equity Credit Agreement (Agfeed Industries, Inc), Equity Credit Agreement (Agfeed Industries, Inc), Equity Credit Agreement (Covenant Group of China Inc)
