Additional Prohibited Transactions Sample Clauses

Additional Prohibited Transactions. We believe it is improper and inappropriate for any Individual to engage in short-term or speculative transactions involving Company securities. We believe that this trading can reflect badly on the Company and that Individuals should not engage in any types of transactions that are commonly viewed as a form of “betting” for or against the Company. Accordingly, it is the Company’s policy that members of the Board of Directors, officers, employees, consultants and contractors may not engage in any of the following activities with respect to securities of the Company, without prior written pre-clearance: • Director and officer cashless exercise – In response to the restrictions set forth in the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002, the Company will not arrange with brokers to administer cashless exercises on behalf of directors and officers of the Company. Directors and officers of the Company may only utilize the cashless exercise feature of their options if (i) the director or officer retains a broker independently of the Company, (ii) the Company’s involvement is limited to confirming that it will deliver the stock promptly upon payment of the exercise price and (iii) the director or officer uses a “T+3” cashless exercise arrangement, in which the Company agrees to deliver stock against the payment of the purchase price on the same day the sale of the stock underlying the option settles. Under a T+3 cashless exercise, a stock broker, the issuer, and the transfer agent of the issuer work together to make all transactions settle simultaneously. This approach is to avoid any inference that the Company has “extended credit” in the form of a personal loan to the director or executive officer. Any employee who has any questions about cashless exercises may obtain additional guidance from our Chief Financial Officer. • Director and officer trading during pension and 401(k) plan blackout periods – If Company securities are available as an investment option or used as a Company match in the Company’s 401(k) plan, directors and officers of the Company are prohibited from trading Company securities during pension and 401(k) plan blackouts, if any, in response to the restrictions set forth in the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002.

Additional Prohibited Transactions. Borrower shall not (and shall not permit any Subsidiary Guarantor to), incur any indebtedness, obligations, or liabilities of any kind other than (a) the Loan, (b) the loan from Pacific Western pursuant to that certain Credit Agreement between Borrower and Pacific Western dated January 5, 2021, as amended, restated, supplemented or otherwise modified from time to time (provided, that such loan does not encumber any of the Collateral), and (c) trade payables or accrued expenses incurred in the ordinary course of business of operating any Property. Borrower shall not (and shall not permit any Subsidiary Guarantor to), without the prior written consent of Lender, engage directly or indirectly in any off balance sheet, hedge or derivative transactions, including without limitation, interest rate swaps and interest rate caps.

Additional Prohibited Transactions. Because we believe it is improper and inappropriate for any Company personnel to engage in short term or speculative transactions involving Company stock, it is the Company's policy that directors, officers and employees should not engage in any of the following activities with respect to securities of the Company:

Additional Prohibited Transactions. You may not do any of the following: (i) require a Cardholder to complete a postcard or similar device that includes the Cardholder's account number, expiration, signature or any other account-related data in plain view when mailed; (ii) for Visa transactions, request the Card Verification Value 2 data on any paper order form; (iii) enter into interchange a transaction that is illegal, a transaction that you should have known was illegal, or a transaction that is related to any illegal or prohibited activity, including but not limited to money laundering or financing of terrorist activities; (iv) submit for payment into interchange any transaction that may in the sole discretion of an Association, damage the goodwill of such Association or reflect negatively on the Association's brands or Marks; (v) add any tax to transactions, unless Applicable Law expressly requires that you impose a tax (any tax amount, if allowed, must be included in the transaction amount and not collected separately); (vi) request or use an account number for any purpose other than as payment for your goods or services; (vii) disburse funds in the form of travelers checks if the sole purpose is to allow the Cardholder to make a cash purchase of goods or services from you; (viii) disburse funds in the form of cash unless you are dispensing funds in the form of travelers checks, TravelMoney Cards, or foreign currency (in such case, the transaction amount is limited to the value of the travelers checks, TravelMoney Cards, or foreign currency, plus any commission or fee charged by you), or you are participating in a cash back service; (ix) submit any transaction receipt for a transaction that was previously charged back to the Acquirer and subsequently returned to you, irrespective of Cardholder approval; or (x) accept a Visa consumer credit Card or commercial Visa product issued by a U.S. issuer to collect or refinance an existing debt. Sub-merchant further agrees that, under no circumstance, will Sub-merchant store Cardholder data in violation of the Laws or the Operating Regulations including but not limited to the storage of track-2 data. Neither Sub-merchant nor its Agent shall retain or store magnetic-stripe data subsequent to the authorization of a sales transaction. Certain Discounts. Unless otherwise provide for in the Operating Regulations, you may not offer a discount or other benefit to a Cardholder if the Cardholder uses a particular Association’s Card at the POI, unless the...

Additional Prohibited Transactions. From the date hereof until the Secured Convertible Debenture has been repaid, without the prior written consent of the Buyer(s), the Company shall not, and shall not permit any of its Subsidiaries (whether or not a Subsidiary on the date hereof) to, directly or indirectly (i) enter into, create, incur, assume, guarantee or suffer to exist any Indebtedness other than Permitted Indebtedness, (ii) enter into, create, incur, assume or suffer to exist any Lien on or with respect to any of its property or assets now owned or hereafter acquired other than Permitted Liens, (iii) amend its charter documents, including, without limitation, its Articles of Incorporation and Bylaws, in any manner that materially and adversely affects any rights of the holders of the Secured Convertible Debenture, (iv) make any prepayments in respect of any related party debt, (v) enter into, agree to enter into, or effect any Variable Rate Transaction other than (x) Variable Rate Transactions where the Buyer is the sole counterparty, (y) pursuant to a Permitted ATM and (z) pursuant to a Permitted ELOC, or (vi) enter into, agree to enter into or effect any Discounted Offering.

Additional Prohibited Transactions. (a) Amend its certificate of incorporation or bylaws; (b) Make any material change in the nature of the business of CCI as it is currently being conducted; (c) File for receivership, dissolution, liquidation or bankruptcy; (d) Enter into, assume or become bound by any agreement to do any of the foregoing or otherwise attempt to do any of the foregoing.

Additional Prohibited Transactions. From the date hereof until the Secured Convertible Debenture has been repaid, without the prior written consent of the Buyer, the Company shall not, and shall not permit any of its Subsidiaries (whether or not a Subsidiary on the date hereof) to, directly or indirectly (i) enter into, create, incur, assume, guarantee or suffer to exist any Indebtedness, other than Permitted Indebtedness (as defined below), (ii) enter into, create, incur, assume or suffer to exist any Lien, other than Permitted Liens, on or with respect to any of its property or assets now owned or hereafter acquired or any interest therein or any income or profits therefrom, (iii) amend its charter documents, including, without limitation, its certificate of incorporation and bylaws, in any manner that materially and adversely affects any rights of the holders of the Secured Convertible Debenture, (iv) make any payments in respect of any related party debt, (v) enter into, agree to enter into, or effect any Variable Rate Transaction (as defined below), in each case, without prior consent of the Buyer.