Maximum Put Amount definition
Maximum Put Amount means the lesser of (i) Two Hundred Fifty Thousand Dollars ($250,000), or (ii) Two Hundred Fifty percent (250%) of the average of the Dollar Volume for the twenty (20) Trading Days immediately preceding the Put Date.
Maximum Put Amount means, with respect to any Put, the lesser of (a) One Million Dollars ($1,000,000), or (b)One Hundred Fifty (150%) percent of the Weighted Average Volume for the fifteen (15) trading days immediately preceding each of the Put Date and the Closing Date.
Maximum Put Amount means that the lesser of (i) such amount that equals two hundred percent (200%) of the Average Daily Trading Volume, and (ii) Five Hundred Thousand Dollars ($500,000.00).
Examples of Maximum Put Amount in a sentence
Following the Put Date in respect of any Put, at any time during the Valuation Period relating to such Put, the Company and Investor may agree to increase the amount of Put Shares relating to such Put up to 10 times the Maximum Put Amount.
Notwithstanding the foregoing, the Company and the Investor may agree in respect of any Put that the amount of Put Shares in respect of such Put may exceed the applicable Maximum Put Amount.
More Definitions of Maximum Put Amount
Maximum Put Amount means, with respect to any Put, the amount determined in accordance with Section 2.2.
Maximum Put Amount means, with respect to any Put, Two Hundred Fifty (250%) percent of the Weighted Average Volume for the twenty (20) trading days immediately preceding the Put Date.
Maximum Put Amount. The dollar amount of Common Stock sold to the Investor in each Put may not be less than $20,000.00 and a maximum amount up to $500,000 in any consecutive 30-day period subject to the Volume Threshold. The Maximum Put Amount may be increased upon mutual written consent of the Company and the Investor. Puts are further limited to Investor beneficially owning no more than 4.99% of the Common Stock at any given time.
Maximum Put Amount means the lesser of (i) Five Hundred Thousand Dollars ($500,000), unless waived in writing by Investor; or (ii) ten percent (10%) of the Average Daily Prices for the twenty-two Trading Days immediately preceding the Optional Purchase Date multiplied by the reported daily trading volume of the Common Stock on the Principal Market for each such Trading Day. The Maximum Put Amount represents the aggregate of all Proportionate Shares of all Investors.
Maximum Put Amount means $500,000 per Put, subject ------------------- to adjustments according to the following table:
Maximum Put Amount on any Put Date shall mean the amount indicated opposite the range in which the Closing Price is on such Put Date and below the 30 Day Average Daily Trading Volume on such Put Date, as set forth in the Table below: --------------------- --------------------- ---------------------- -------------------- --------------------- 30-Day Avg. 30-Day Avg. 30-Day Avg. 30-Day Avg. ----------- ----------- ----------- ----------- Daily Trading Daily Trading Daily Trading Daily Trading ------------- ------------- ------------- ------------- Volume Volume Volume Volume ------ ------ ------ ------ Bid Price 20,000-50,000 50,001-75,000 75,001-100,000 100,001-Above --------- ------------- ------------- -------------- ------------- --------------------- --------------------- ---------------------- -------------------- --------------------- $1.00 -$3.00 $100,000 $250,000 $400,000 $500,000 --------------------- --------------------- ---------------------- -------------------- --------------------- $3.01 - $6.00 $250,000 $500,000 $750,000 $750,000 --------------------- --------------------- ---------------------- -------------------- --------------------- $6.01 - $9.00 $500,000 $750,000 $1,000,000 $1,000,000 --------------------- --------------------- ---------------------- -------------------- --------------------- $9.01 - ABOVE $750,000 $1,000,000 $1,250,000 $1,250,000 --------------------- --------------------- ---------------------- -------------------- ---------------------
Maximum Put Amount means that the lesser of (i) such amount that equals five hundred percent (500%) of the Average Daily Trading Volume for the ten (10) trading days prior to the Closing Request Date, and (ii) Two Million Dollars ($2,000,000.00).; In addition to the Initial Put, the Investor further agrees to allow the Company to issue additional Put Notices upon the Registration Statement being deemed effective by the SEC. Notwithstanding the foregoing, upon obtaining Stockholder Approval, the Company may submit a Put Notice for Up to $2,000,000.