Request Limits definition
Request Limits means the number of shares of Common Stock the Company is requiring the Investor to purchase to be limited to the lesser of $1,000,000 or 400% of the average number of shares traded for the 10 trading days prior to the date of the Request Notice. No Request Notices are allowed until the resale of the shares has been registered. Minimum Request Notice allowable is $25,000. Request Notices must be at least 10 business days apart. In no event may the shares issuable pursuant to a Request Notice, when aggregated with the shares then held by the Investor on the date of the Request Notice, exceed 9.99% of the Company’s outstanding Common Stock. Request Limits are further limited by the provisions of Section 2 (c) hereof.
Request Limits means the number of shares of common stock the Company is requiring the Investor to purchase to be limited to the lesser of $500,000 or 300% of the average shares traded for the 10 days prior to the Closing Request Date. No puts are allowed until the shares have been registered. Minimum put allowable is $200,000. In no event may the shares issuable pursuant to a Draw Down Notice, when aggregated with the shares then held by the Investor on the date of the Draw Down, exceed 9.99% of the Company's outstanding common stock.
Request Limits means the limits on the number of shares of common stock the Company is requiring the Investor to purchase which shall be limited to the lesser of (i) that number of shares determined by dividing $500,000 by the closing price of the Company's common stock on the trading day immediately preceding the delivery of the Request Notice (ii) or 300% of the average number of shares of our common stock traded for the 10 days prior to the delivery of the Request Notice. No puts are allowed until the shares have been registered. Minimum put allowable is $25,000. In no event may the shares issuable pursuant to a Request Notice, when aggregated with the shares then held by the Investor on the date of the Draw Down, exceed 4.99% of the Company’s outstanding common stock.
Examples of Request Limits in a sentence
Request Limits: A unit member cannot receive more than two (2) honorary leaves within a seven (7) year period for the same honor bestowed by the same group, organization or national/international body.
The maximum number of API Requests that Customer is permitted to run per calendar day using the Respond Software (“Total API Request Limits") is as set forth in the table hereunder and is based on: (i) the API type; (ii) the applicable License Level; and (iii) the API Type, as set forth in the Order Form.
More Definitions of Request Limits
Request Limits means the limits on the number of shares of common stock the Company is requiring the Investor to purchase which shall be limited to the lesser of (i) that number of shares determined by dividing $500,000 by the closing price of the Company's common stock on the trading day immediately preceding the delivery of the Request Notice (ii) or 300% of the average number of shares of our common stock traded for the 10 days prior to the delivery of the Request Notice. No puts are allowed until the shares have been registered. Minimum put allowable is $25,000. In no event may the shares issuable pursuant to a Request Notice, when aggregated with the shares then held by the Investor on the date of the Draw Down, exceed 4.99% of the Company’s outstanding common stock.