Lock-up of Seller Sample Clauses

Lock-up of Seller. Except upon the written consent of Buyer, Seller agrees not to, directly or indirectly, offer, sell, transfer, pledge, assign, hypothecate or otherwise, encumber the Exchange Shares or Top-up Exchange Shares, or otherwise dispose of any interest therein under Rule 144 or otherwise, for a period of not less than six (6) months following the date of receipt of Purchase Price by Seller. An appropriate legend will be marked on the face of the certificates representing the Exchange Shares and Top-up Exchange Shares.
Sample 1
AutoNDA by SimpleDocs

Related to Lock-up of Seller

  • Ownership of Seller Credit Acceptance is the sole owner of the membership interests of the Seller, all of which are fully paid and nonassessable and owned of record, free and clear of all mortgages, assignments, pledges, security interests, warrants, options and rights to purchase.

  • Closing Deliveries of Seller At the Closing, Seller shall deliver to Purchaser:

  • Covenant of Seller The Seller shall not amend Article Third of its Certificate of Incorporation without the prior written consent of each Rating Agency rating the Certificates.

  • Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.

  • Seller’s Closing Certificate A certificate duly executed by Seller in the form of Exhibit J attached hereto (the “Seller’s Closing Certificate”).

  • Deliveries of Seller At Closing, Seller shall deliver to Buyer the following, and, as appropriate, all instruments shall be properly executed and conveyance instruments to be acknowledged in recordable form (the terms, provisions and conditions of all instruments not attached hereto as Exhibits shall be mutually agreed upon by Buyer and Seller prior to such Closing):

  • Seller’s Representations Seller represents and warrants to Buyer as follows:

  • Status of Seller The Seller is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended. The Seller is not subject to regulation as a “holding company”, an “affiliate” of a “holding company”, or a “subsidiary company” of a “holding company”, within the meaning of the Public Utility Holding Company Act of 1935, as amended.

  • Certificate of Selling Stockholder A certificate, dated such Date of Delivery, of an Attorney-in-Fact on behalf of the Selling Stockholder confirming that the certificate delivered at Closing Time pursuant to Section 5(l) remains true and correct as of such Date of Delivery.

  • Organization of Seller The Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

Time is Money Join Law Insider Premium to draft better contracts faster.