Common use of Limitation on Certain Transactions Clause in Contracts

Limitation on Certain Transactions. (a) Beginning as of the date of this Agreement and until the effective date of the Registration Statement as contemplated by the Registration Rights Agreement, without the prior written consent of the Purchaser (which consent may be withheld in the Purchaser's discretion), the Company shall not issue or sell or agree to issue or sell any securities in a capital raising transaction prior to such date, unless such securities will not be, and are not, registered for sale or resale under the 1933 Act until on or after the effective date of the Registration Statement, provided that the limitation of this Section 6.2(a) shall not apply to securities issued pursuant to the Company's duly adopted employee or director bona fide share and option plans.

Appears in 4 contracts

Samples: Purchase Agreement (Biogentech Corp), Purchase Agreement (Knightsbridge Fine Wines Inc), Purchase Agreement (Sonic Foundry Inc)

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Limitation on Certain Transactions. (a) Beginning as of the date of this Agreement and until the effective date of the Registration Statement as contemplated by the Registration Rights Agreement, without the prior written consent of the Purchaser (which consent may be withheld in the Purchaser's sole discretion), the Company shall not issue or sell or agree to issue or sell any securities in a capital raising transaction prior to such datetransaction, unless such securities will not be, and are not, registered for sale or resale under the 1933 Act until on or after the effective date of the Registration Statement, provided that the limitation of this Section 6.2(a) shall not apply to securities issued pursuant to the Company's duly adopted employee or director bona fide share and option plansplans or pursuant to exercise or conversion of Common Stock Equivalents that are outstanding on the date of this Agreement.

Appears in 3 contracts

Samples: Purchase Agreement (Zix Corp), Purchase Agreement (Zix Corp), Purchase Agreement (Viragen Inc)

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