Net Long Position Clause Samples

Net Long Position. During the term of this Agreement, each Investor agrees to maintain a net long position of the Parent’s securities; provided, nothing herein shall prevent Investor from selling all securities affected by this Agreement.

Net Long Position. Each Seller Party shall maintain a “net long position” (as such term is defined in Rule 14e-4 of the Exchange Act) with respect to the Shares it beneficially owns.

Net Long Position. Each ▇▇▇▇▇▇▇▇ Stockholder shall maintain a “net long position” (as such term is defined in Rule 14e-4 of the Exchange Act) with respect to the shares of Common Stock it Beneficially Owns.

Net Long Position. During the term of this Agreement, I▇▇▇▇▇▇▇ agrees to maintain a net long position of the Company’s securities.

Net Long Position. For the avoidance of doubt, but subject to compliance with applicable law, nothing during the term of this Transaction, it together with each other person (other than the acquisition of Redemption Shares and Additional Shares pursuant to this Confirmation) in the Seller Group (i) will not, directly or indirectly, effect or enter into any short sale or hedging transaction, with respect to the Shares subject to this Transaction, including without limitation writing or selling call options on such Shares and (ii) will maintain on an aggregated basis a net long position at least equal to the Number of Shares then subject to this Transaction. In computing the net long position it shall aggregate all cash transactions in the Shares as well as the notional amount of all derivatives or other instruments that directly or indirectly give economic exposure to the Shares. For the avoidance of doubt, nothing in this paragraph (b) shall prohibit Seller from acquiring Shares (other than Redemption Shares or Additional Shares) in open market purchases at prices equal to or below the Redemption Price.

Net Long Position. During the term of this Agreement, Investor agrees to maintain a net long position of the EDOC and/or the Company’s securities. (i) If, on the day that is three (3) trading days prior to EDOC’s special meeting of shareholders (the “Extension Meeting”) to approve, among other things, an extension (the “Extension”) of the date by which EDOC has to consummate an initial business combination from February 12, 2022 to August 12, 2022, EDOC’s Class A ordinary shares are trading at or below $10.27 and the Investors own, in the aggregate, fewer than [__] Shares, the Investors shall purchase Shares at trust value, in the first instance in the form of Shares tendered for redemption from the Escrow Agent (as defined herein) (the “Extension Redeemed Shares”), and if such Extension Redeemed Shares are not sufficient to allow the Investors to own, in the aggregate, at least [__]Shares, then the Investors shall thereafter purchase Shares, at trust value, in the open market, up to a number of Shares such that the Investors hold, in the aggregate, [__] Shares as of the time of the Extension Meeting if the stock is trading at or below trust value. (ii) During the period commencing on one (1) trading day following the Extension Meeting date until three (3) trading days prior to the Business Combination Meeting, the Investors shall have the right, but not the obligation, to sell any or all of the Shares subject to Sections 1, 4(a)(i) and 4(b) in the open market if the sale price exceeds $10.27 per Share prior to payment of any commissions due by the Investor for such sale. The foregoing restriction does not apply to any Shares held by the Investors not subject to Sections 1, 4(a)(i) and 4(b). (iii) If, on the day that is three (3) trading days prior to the Business Combination Meeting, the Investors hold fewer than [__] Shares, the Investors shall purchase Shares at trust value, in the first instance in the form of Shares tendered for redemption from the Escrow Agent (as defined herein) (the “Business Combination Redeemed Shares”), and if such Business Combination Redeemed Shares are not sufficient to allow the Investor to own at least [__]Shares, then the Investor shall thereafter purchase Shares, at trust value, in the open market, up to a number of Shares such that the Investors hold, in the aggregate, [__]Shares as of the time of the Business Combination Meeting if the stock is trading at or below trust value. Notwithstanding the foregoing, at any time from July 12, 2022 ...