Common use of Maximum Exercise of Rights Clause in Contracts

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a) and 11(b) would result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the Warrant, then the issuance of such additional shares of common stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the maximum amount set forth calculated in the manner described in Section 10 of the Class A Warrant. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 5 contracts

Sources: Subscription Agreement (American Oriental Bioengineering Inc), Subscription Agreement (American Oriental Bioengineering Inc), Subscription Agreement (American Oriental Bioengineering Inc)

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a) and 11(b11(c) would result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the Warrant, then the issuance of such additional shares of common stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the maximum amount set forth calculated in the manner described in Section 10 of the Class A Warrant. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 4 contracts

Sources: Subscription Agreement (Renegade Venture Nev Corp), Subscription Agreement (Renegade Venture Nev Corp), Subscription Agreement (Accupoll Holding Corp)

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a14(a) and 11(b14(b) would or could result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the Warrant, then the issuance of such additional shares of common stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the applicable maximum amount set forth calculated in the manner described in Section 10 of the Class A Warrant. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 2 contracts

Sources: Subscription Agreement (Oxford Media, Inc.), Subscription Agreement (Oxford Media, Inc.)

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a12(a) and 11(b12(b) would result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the WarrantWarrants, then the issuance of such additional shares of common stock Common Stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the maximum amount set forth calculated in the manner described in Section 10 of the Class A WarrantWarrants. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 2 contracts

Sources: Subscription Agreement (Tissera Inc), Subscription Agreement (Dragon International Group Corp.)

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a12(a) and 11(bor 12(b) would or could result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the Warrant, then the issuance of such additional shares of common stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the applicable maximum amount set forth calculated in the manner described in Section 10 of the Class A Warrant. The determination of when such common stock Common Stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 1 contract

Sources: Subscription Agreement (Aprecia Inc)

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a12(a) and 11(b12(b) would or could result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the Warrant, then the issuance of such additional shares of common stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the applicable maximum amount set forth calculated in the manner described in Section 10 of the Class A Warrant. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 1 contract

Sources: Subscription Agreement (Oxford Media, Inc.)

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a12(a) and 11(b12(c) would result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the Series A Warrant, then the issuance of such additional shares of common stock Common Stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the maximum amount set forth calculated in the manner described in Section 10 of the Class Series A Warrant. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 1 contract

Sources: Subscription Agreement (Joystar Inc)

Maximum Exercise of Rights. In the event the exercise of the rights described in Sections 11(a12(a) and 11(b12(c) would result in the issuance of an amount of common stock of the Company that would exceed the maximum amount that may be issued to a Subscriber calculated in the manner described in Section 10 of the Class A Warrant, then the issuance of such additional shares of common stock Common Stock of the Company to such Subscriber will be deferred in whole or in part until such time as such Subscriber is able to beneficially own such common stock without exceeding the maximum amount set forth calculated in the manner described in Section 10 of the Class A Warrant. The determination of when such common stock may be issued shall be made by each Subscriber as to only such Subscriber.

Appears in 1 contract

Sources: Subscription Agreement (Sunwin International Neutraceuticals, Inc.)