Restricted Sales Clause Samples
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Restricted Sales. Neither the Seller, any Seller Member acquiring Issued Shares, nor any other holder of Issued Shares may (a) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase, make any short sale or otherwise dispose of or agree to dispose of, directly or indirectly, more than 10% of the Issued Shares held thereby, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act and the rules and regulations of the Securities and Exchange Commission promulgated thereunder with respect to any of the Issued Shares, or (b) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic benefits or consequences of ownership of more than 10% of the Issued Shares held thereby, whether any such transaction is to be settled by delivery of such securities, or otherwise. The foregoing Transfer Restriction shall not apply to a distribution by the Seller to the Seller Members; provided that the receiving Seller Members agree to be bound by the Transfer Restrictions set forth in this Article 3, including without limitation, this Section 3.2. Further, Neither the Seller, any Seller Member acquiring Issued Shares, nor any other holder of Issued Shares may transfer any Issued Shares unless the Person acquiring such Issued Shares agrees to be bound by the Transfer Restrictions set forth in this Article 3, including without limitation, this Section 3.2.
Restricted Sales. The Shareholder will, as a condition of a sale of any shares of the Company held by it, require the purchaser to agree to be bound by the terms of this Agreement provided that this condition will not apply to sales in the open market made through the facilities of The Toronto Stock Exchange or any other stock exchange or electronic trading facility on which the Company's shares are listed or quoted for trading.
Restricted Sales. Remove offerings of the partner who has committed a violation from the catalog. If an offering has existing customers, hide and restrict the sales of the offering. The customers can renew and upgrade the specifications of the offering as needed to ensure their service continuity.
Restricted Sales. TRANSACT will not sell, lease or otherwise provide online lottery printers to BUYER’S existing customers, or provide printers with the packet protocol set forth in BUYER’s Specification 96-▇▇▇▇-▇▇ ▇▇ any third party but BUYER. Nothing in this section shall preclude TRANSACT from selling, leasing or otherwise providing other printers to any third party in its discretion. If BUYER wins a new customer and notifies TRANSACT, then TRANSACT will not sell, lease or otherwise provide lottery printers to BUYERS new customer. If BUYERS new customer is TRANSACT’S existing customer, then TRANSACT will so notify BUYER and TRANSACT may continue to sell lottery printers to this customer.
Restricted Sales. So long as any amount of principal or interest remains outstanding under the Original Loan or any Additional Loan, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇ shall not sell more than the number of shares of TAVA Common Stock specified in the lock-up agreement in the form of EXHIBIT N hereto (the "LOCK UP AGREEMENT").
Restricted Sales. Nothing in this Registration Rights Agreement shall be construed to permit any sales or other disposition of Registrable Securities, the sale or disposition of which is prohibited under the Investment Agreement.
Restricted Sales. Except as described in the Prospectus, the Company has not sold, issued, or distributed any shares during the six-month period preceding the date hereof, including any sales pursuant to Rule 144A under, or Regulation D or S of, the Securities Act, other than shares issued pursuant to employee benefit plans or other employee compensation plans or pursuant to outstanding options, rights or warrants.