Common use of No Sale of Securities Clause in Contracts

No Sale of Securities. The Investor hereby covenants with the Sellers not to make any sale of the Securities without (i) complying with the provisions of this Agreement, including Section 6.4 hereof or (ii) without satisfying the requirements of the Securities Act and the rules and regulations promulgated thereunder, including, without limitation, causing the prospectus delivery requirement under the Securities Act to be satisfied, if applicable. The Investor acknowledges that there may occasionally be times when the Company, based on the advice of its counsel, determines that, subject to the limitations of Section 6.4, it must suspend the use of the prospectus forming a part of the Registration Statement until such time as an amendment to the Registration Statement has been filed by the Company and declared effective by the SEC or until the Company has amended or supplemented such prospectus.

Appears in 1 contract

Samples: Securities Purchase Agreement (Gexa Corp)

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No Sale of Securities. The Investor Each Purchaser hereby covenants with the Sellers Company not to make any sale of the Securities without (i) complying with the provisions of this Agreement, including Section 6.4 5.3 hereof or (ii) without satisfying the requirements of the Securities Act and the rules and regulations promulgated thereunder, including, without limitation, causing the prospectus delivery requirement under the Securities Act to be satisfied, if applicable. The Investor Each Purchaser acknowledges that there may occasionally be times when the Company, based on the advice of its counsel, determines that, subject to the limitations of Section 6.45.3, it must suspend the use of the prospectus forming a part of the Registration Statement until such time as an amendment to the Registration Statement has been filed by the Company and declared effective by the SEC or until the Company has amended or supplemented such prospectus.

Appears in 1 contract

Samples: Securities Purchase Agreement (Iris International Inc)

No Sale of Securities. The Investor hereby covenants with the Sellers Company not to make any sale of the Units or Underlying Securities without (i) complying with the provisions of this Agreement, including Section 6.4 5.3 hereof or (ii) without satisfying the requirements of the Securities Act and the rules and regulations promulgated thereunder, including, without limitation, causing the prospectus delivery requirement under the Securities Act to be satisfied, if applicable. The Investor acknowledges that there may occasionally be times when the Company, based on the advice of its counsel, determines that, subject to the limitations of Section 6.45.3, it must suspend the use of the prospectus forming a part of the Registration Statement until such time as an amendment to the Registration Statement has been filed by the Company and declared effective by the SEC or until the Company has amended or supplemented such prospectus.

Appears in 1 contract

Samples: Securities Purchase Agreement (Shells Seafood Restaurants Inc)

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No Sale of Securities. The Investor hereby covenants with the Sellers Company not to make any sale of the Securities without (i) complying with the provisions of this Agreement, including Section 6.4 5.4 hereof or (ii) without satisfying the requirements of the Securities Act and the rules and regulations promulgated thereunder, including, without limitation, causing the prospectus delivery requirement under the Securities Act to be satisfied, if applicable. The Investor acknowledges that there may occasionally be times when the Company, based on the advice of its counsel, determines that, subject to the limitations of Section 6.45.4, it must suspend the use of the prospectus forming a part of the Registration Statement until such time as an amendment to the Registration Statement has been filed by the Company and declared effective by the SEC or until the Company has amended or supplemented such prospectus.

Appears in 1 contract

Samples: Securities Purchase Agreement (Amtrust International Insurance LTD)

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