Put Limitations. The Company's right to exercise a Put shall be limited as follows:
Put Limitations. Unless the parties agree by mutually signing the Put Notice, the Company may not deliver a Put Notice for a number of shares in excess of fifteen percent (15%) of the aggregate trading volume for the three (3) consecutive trading days prior to the Put Date.
Put Limitations. The Company's right to exercise a Put shall be limited as follows, unless waived in writing by the Subscriber:
Put Limitations. The rights of redemption available to the holders of Incentive Stock pursuant to this Article 5 shall at all times be subject to limitations under the Delaware General Corporation Law and any requirement under any outstanding Debt Instrument of the Corporation or any Subsidiary (without regard to whether the holder of or lender under such Debt Instrument is a Stockholder or an Affiliate thereof) limiting the Corporation’s right to make payment under this Article 5 during a default or an event of default thereunder (or its Subsidiaries’ ability to make distributions to the Corporation for such purpose). Nothing herein shall require the Corporation to honor a Put Notice if such would result in a violation of law or any such Debt Instrument, as determined in the good faith judgment of the Board of Directors. At such time as redemption is permitted (a) under the Debt Instruments described in this Section 5.3, and (b) without violation of law, the Corporation shall make payment of any suspended payment obligation in Section 5.1 (whether in cash or by issuance of Promissory Notes, as required by Section 5.1). 5.4
Put Limitations. The rights of redemption available to the holders of Incentive Stock pursuant to this Article 5 shall at all times be subject to limitations under the Delaware General Corporation Law and any outstanding Debt Instrument of the Corporation (without regard to whether the holder of or lender under such Debt Instrument is a Stockholder or an Affiliate thereof). Nothing herein shall require the Corporation to honor a Put Notice if such would result in a violation of law or any such Debt Instrument, as determined in the good faith judgment of the Board of Directors; provided, that, the Board of Directors shall use its commercially reasonable efforts to obtain the approval of the holder(s) of any such Debt Instrument to allow the Corporation to honor the Put Notice. At such time as redemption is permitted (a) under the Debt Instruments described in this Section 5.03, and (b) without violation of law, the Corporation shall make payment of any suspended payment obligation in Section 5.01 (whether in cash or by issuance of Promissory Notes, as required by Section 5.01).
Put Limitations. Section 6.1(b) is deleted and replaced with the following language:
Put Limitations. Unless the parties agree by mutually signing the Put Notice, the Company (i) may not deliver a Put Notice on any day in which the Company's Common Stock closes on the prior day, at a price below $1.40 per share, and (ii) may not deliver a Put Notice for a number of shares in excess of fifteen percent (15%) of the aggregate trading volume for the three (3) consecutive trading days prior to the Put Date.
