LIMITATION ON AMOUNT OF OWNERSHIP Sample Clauses

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no event shall the Investor be entitled to purchase that number of Shares, which when added to the sum of the number of shares of Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act), by the Investor, would exceed 4.99% of the number of shares of Common Stock outstanding on the Closing Date (the “Maximum Percentage”), as determined in accordance with Rule 13d-1(j) of the 1934 Act. By written notice to the Company, the Investor may increase the Maximum Percentage to 9.99%, but any such waiver will not be effective until the 61st day after delivery thereof. The foregoing 61-day notice requirement is enforceable, unconditional and non-waivable and shall apply to all affiliates and assigns of the Investor.

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no event shall the Investor be entitled to purchase that number of Securities, which when added to the sum of the number of shares of Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act), by the Investor, would exceed 4.99% of the number of shares of Common Stock outstanding on the Closing, as determined in accordance with Rule 13d-1(j) of the 1934 Act. NO SHORT SALES. No short sales shall be permitted by the Investor or its affiliates during the Commitment Period.

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Warrant, in no event shall the Holder be entitled to purchase that number of Shares, which when added to the sum of the number of shares of common stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act), by the Holder, would exceed 4.99% of the number of shares of the Company’s common stock outstanding on the date this Warrant is exercised, as determined in accordance with Rule 13d-1(j) of the 1934 Act.

LIMITATION ON AMOUNT OF OWNERSHIP. In no event shall the Investor be entitled to purchase a number of shares of Common Stock greater than 19.99% of the Common Stock outstanding on the Issue Date.

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no event shall the Investor be entitled to purchase that number of Shares, which when added to the sum of the number of shares of Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act), by the Investor, would exceed 4.99% of the number of shares of Common Stock outstanding on the Closing Date, as determined in accordance with Rule 13d-1(j) of the 1934 Act. Investor will promptly dispose of securities it owns in order to maintain an ownership interest of less than 5.00%. If Investor does not dispose of sufficient securities to allow the purchase the “Put Amount”, Investor agrees to pay the Company the penalties referred to in Section 2(G) of the Agreement. {00006735 }

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no event shall the Company be entitled to put Shares to the Investor to the extent that such Shares, which when added to the number of shares of Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the ▇▇▇▇ ▇▇▇) by the Investor, would cause the Investor’s beneficial ownership to exceed 4.99% of the number of shares of Common Stock outstanding (as determined in accordance with Rule 13d-1 of the ▇▇▇▇ ▇▇▇) on the applicable Closing Date. The percentage limitation set forth in this Section 2(J) shall not be waivable by the Investor; in no event shall the Investor have the right to waive this Section 2(J) and purchase (or refuse to purchase) any Shares in excess of the percentage limitation set forth herein at the Investor’s discretion.

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, the Investor represents, warrants, and covenants with the Company that the Investor’s beneficial ownership of the Company’s Common Stock will never exceed 4.99% of the issued and outstanding Shares of Common Stock; provided that this sentence shall not be deemed to limit, reduce, or otherwise affect the Investor’s obligation to purchase Shares pursuant to this Agreement upon receipt of a Put Notice from the Company. For purposes of this Section 2(J), “beneficial ownership” shall be determined in accordance with Section 13(d) of the 1934 Act and the applicable rules, regulations, and guidance issued by the SEC pursuant to such Section 13(d).

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no event shall the Investor be entitled to purchase that number of Shares, which when added to the sum of the number of shares of Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act), by the Investor, would exceed 4.99% of the number of shares of Common Stock outstanding on the Closing Date, as determined in accordance with Rule 13d-1(j) of the 1934 Act. The limitation set forth in this Section 2(J) may be amended, or its applicability waived, only by a written document signed by Investor and Company, which document shall not be effective for 61 days following its execution.

LIMITATION ON AMOUNT OF OWNERSHIP. Notwithstanding anything to the contrary in this Agreement, in no event shall the Investor be entitled to purchase that number of shares of Preferred Stock, which when added to the sum of the number of shares of Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the 1934 Act) (the “Shares Owned”), by the Investor (of which the Investor shall provide notice to the Company of the Shares Owned prior to each transaction), would exceed 4.99% of the number of shares of Common Stock outstanding on the Closing Date, as determined in accordance with Rule 13d-1(j) of the 1934 Act.