No Hedging. The Investor has not established any hedge or other position in the Common Stock that is outstanding on the Closing Date which is designed to or could reasonably be expected to lead to or result in any sale of the Common Shares. For purposes hereof, a “hedge or other position” would include effecting any short sale or having in effect any short position or any purchase, sale or grant of any put option, call option or prepaid forward contract with respect to the Common Stock of the Company or with respect to any security (other than a broad-based market basket or index) that includes, relates to or derives any significant part of its value from the Common Stock.
Appears in 5 contracts
Samples: Securities Purchase Agreement (Internet America Inc), Securities Purchase Agreement (Internet America Inc), Securities Purchase Agreement (Internet America Inc)
No Hedging. The Investor has not established any hedge or other position in the Common Stock that is outstanding on the Closing Date Date, which is designed to or could reasonably be expected to lead to or result in any sale of the Common Shares. For purposes hereof, a “"hedge or other position” " would include effecting any short sale or having in effect any short position or any purchase, sale or grant of any put option, call option or prepaid forward contract with respect to the Common Stock of the Company or with respect to any security (other than a broad-based market basket or index) that includes, relates to or derives any significant part of its value from the Common Stock.
Appears in 3 contracts
Samples: Securities Purchase Agreement (Pharmafrontiers Corp), Securities Purchase Agreement (Pharmafrontiers Corp), Securities Purchase Agreement (Pharmafrontiers Corp)
