Common use of Purchasing Procedures Clause in Contracts

Purchasing Procedures. (a) On each Trading Day during the Plan Period on which no Market Disruption Event (as defined below) occurs, [●] shall use commercially reasonable efforts to purchase as agent for the Purchaser and for the account of the Purchaser the lesser of (i) the maximum number of Securities that the Purchaser could purchase on such Trading Day in accordance with the volume condition set forth in Rule 10b-18 and (ii) the number of Securities, if any, that [●] is able, subject to market conditions and principles of best execution, to purchase as agent for the Purchaser and for the account of the Purchaser on such Trading Day using commercially reasonable means in accordance with the Plan guidelines set forth in Annex A hereto. [●] may purchase Securities on the Principal Market, any national securities exchange, in the over-the-counter market, on an automated trading system or otherwise. Any numbers of Securities to be purchased (and any corresponding purchase price limits or ranges) set forth in Annex A shall be adjusted automatically on a proportionate basis to take into account any stock split, reverse stock split or stock dividend with respect to the Securities or any change in capitalization with respect to the Issuer or any similar event that occurs during the term of this Letter Agreement, as determined by [●] in good faith and a commercially reasonable manner. A “Trading Day” is any day that the Principal Market is open for business and the Securities trade regular way on the Principal Market.

Appears in 1 contract

Sources: Stock Purchase Agreement (Apollo Commercial Real Estate Finance, Inc.)

Purchasing Procedures. (a) On each Purchaser Trading Day during the Plan Period on which no Market Disruption Event (as defined below) occurs, [●] TBNZ shall use commercially reasonable efforts to purchase as agent for the Purchaser and for the account of the Purchaser the lesser of (i) the maximum number of Securities that the Purchaser could purchase on such Purchaser Trading Day in accordance with the volume condition set forth in Rule 10b-18 and (ii) the number of Securities, if any, Securities that [●] TBNZ is able, subject to market conditions and principles of best execution, to purchase as agent for the Purchaser and for the account of the Purchaser on such Purchaser Trading Day using commercially reasonable means in accordance with the Plan guidelines set forth in Annex A hereto. [●] TBNZ may purchase Securities on the Principal Market, any national securities exchange, in the over-the-counter market, on an automated trading system or otherwise. Any numbers of Securities to be purchased (and any corresponding purchase price limits or ranges) set forth in Annex A shall be adjusted automatically on a proportionate basis to take into account any stock split, reverse stock split or stock dividend with respect to the Securities or any change in capitalization with respect to the Issuer Purchaser or any similar event that occurs during the term of this Letter Agreement, as determined by [●] TBNZ in good faith and a commercially reasonable manner. A “Trading Day” is any day that the Principal Market is open for business and the Securities trade regular way on the Principal Market.

Appears in 1 contract

Sources: 10b5 1/10b 18 Purchase Plan Agreement (Meihua International Medical Technologies Co., Ltd.)

Purchasing Procedures. (a) On each Purchaser Trading Day during the Plan Period on which no Market Disruption Event (as defined below) occurs, [●] JPMS shall use commercially reasonable efforts to purchase as agent for the Purchaser and for the account of the Purchaser the lesser of (i) the maximum number of Securities that the Purchaser could purchase on such Purchaser Trading Day in accordance with the volume condition set forth in Rule 10b-18 and (ii) the number of Securities, if any, Securities that [●] JPMS is able, subject to market conditions and principles of best execution, to purchase as agent for the Purchaser and for the account of the Purchaser on such Purchaser Trading Day using commercially reasonable means in accordance with the Plan guidelines set forth in Annex A hereto. [●] JPMS may purchase Securities on the Principal Market, any national securities exchange, in the over-the-counter market, on an automated trading system or otherwise. Any numbers of Securities to be purchased (and any corresponding purchase price limits or ranges) set forth in Annex A shall be adjusted automatically on a proportionate basis to take into account any stock split, reverse stock split or stock dividend with respect to the Securities or any change in capitalization with respect to the Issuer or any similar event that occurs during the term of this Letter Agreement, as determined by [●] JPMS in good faith and a commercially reasonable manner. A “Trading Day” is any day that the Principal Market is open for business and the Securities trade regular way on the Principal Market.

Appears in 1 contract

Sources: 10b5 1/10b 18 Purchase Plan Agreement (Exxaro Resources LTD)