No Blue Sky Stop Orders Sample Clauses
The "No Blue Sky Stop Orders" clause ensures that the securities being offered are not subject to any stop orders or similar restrictions under state securities laws, commonly referred to as "Blue Sky Laws." In practice, this means the issuer confirms that no state regulator has prohibited or suspended the sale of the securities due to non-compliance or other regulatory concerns. This clause provides assurance to investors and other parties that the securities are legally eligible for sale in all relevant jurisdictions, thereby reducing regulatory risk and ensuring the transaction can proceed smoothly.
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No Blue Sky Stop Orders. No order suspending the sale of the Securities in any jurisdiction designated by you pursuant to Section 3.3 hereof shall have been issued on either on the Closing Date or the Option Closing Date, and no proceedings for that purpose shall have been instituted or shall be contemplated.
No Blue Sky Stop Orders. No order suspending the sale of the Units in any jurisdiction designated by the Representative pursuant to Section 3.3 hereof, if any, shall have been issued on either the Closing Date or the Option Closing Date, and no proceedings for that purpose shall have been instituted or shall be contemplated.
No Blue Sky Stop Orders. No order suspending the sale of the Shares in any jurisdiction designated by the Underwriters pursuant to Section 3.3 hereof shall have been issued on or before either the Closing Date or the Option Closing Date, and no proceedings for that purpose shall have been instituted or shall be contemplated.
No Blue Sky Stop Orders. No order suspending the sale of the Units in any jurisdiction designated by the Underwriters shall have been issued on each of the Closing Date or any Option Closing Date, and no proceedings for that purpose shall have been instituted or, to the Company’s knowledge, shall be contemplated.
No Blue Sky Stop Orders. No order suspending the sale ----------------------- of the Shares in any jurisdiction designated by the Representative pursuant to Section 4.3 hereof shall have been issued on or before either the Closing Date or the Option Closing Date, and no proceedings for that purpose shall have been instituted or, to the Company's knowledge, shall be contemplated.