Common use of Restriction on Sale of Capital Stock Clause in Contracts

Restriction on Sale of Capital Stock. During the ----------------------------------------- Commitment Period, the Company shall not issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price of the Common Stock determined immediately prior to its issuance, (ii) issue or sell any Preferred Stock warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than such Common Stock's Bid Price determined immediately prior to its issuance, or (iii) file any registration statement on Form S-8. Notwithstanding the foregoing restriction, the Company may file one (1) registration statement on Form S-8 (the "Permitted Form S-8 Registration"") for 1,000,000 shares, provided however, the Company shall not issue or grant any shares pursuant to the Permitted Form S-8 Registration for at least six (6) months after the Effective Date of the Registration Statement.

Appears in 1 contract

Samples: Equity Distribution Agreement (Intrepid Technology & Resource Inc)

AutoNDA by SimpleDocs

Restriction on Sale of Capital Stock. During the ----------------------------------------- Commitment Period, the Company shall not issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price of the Common Stock determined immediately prior to its issuance, (ii) issue or sell any Preferred Stock warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than such Common Stock's Bid Price determined immediately prior to its issuance, or (iii) file any registration statement on Form S-8. Notwithstanding the foregoing restriction, the Company may file one (1) registration statement on Form S-8 (the "Permitted Form S-8 Registration"") for 1,000,000 shares, provided ------------------------------- however, the Company shall not issue or grant any shares pursuant to the Permitted Form S-8 Registration for at least six (6) months after the Effective Date of the Registration Statement.

Appears in 1 contract

Samples: Equity Distribution Agreement (Intrepid Technology & Resource Inc)

Restriction on Sale of Capital Stock. During the ----------------------------------------- Commitment Period, the Company shall not issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price of the Common Stock determined immediately prior to its issuance, (ii) issue or sell any Preferred Stock warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than such Common Stock's Bid Price determined immediately prior to its issuance, or (iii) file any registration statement on Form S-8. Notwithstanding the foregoing restriction, the Company may file one (1) registration statement on Form S-8 for up to Two Million Five Hundred Thousand (2,500,000) shares of common stock (the "Permitted Form S-8 RegistrationS-8"") for 1,000,000 shares), provided however, the Company shall not issue or grant any Person receiving shares pursuant to the Permitted Form S-8 Registration shall be restricted from selling such shares for at least six a period of ninety (690) months days after the Effective Date of the Registration StatementStatement becomes effective.

Appears in 1 contract

Samples: Equity Distribution Agreement (Transax International LTD)

AutoNDA by SimpleDocs

Restriction on Sale of Capital Stock. During the ----------------------------------------- Commitment ------------------------------------ Period, the Company shall not issue or sell (i) any Common Stock or Preferred Stock without consideration or for a consideration per share less than the bid price of the Common Stock determined immediately prior to its issuance, (ii) issue or sell any Preferred Stock warrant, option, right, contract, call, or other security or instrument granting the holder thereof the right to acquire Common Stock without consideration or for a consideration per share less than such Common Stock's Bid Price determined immediately prior to its issuance, or (iii) file any registration statement on Form S-8. Notwithstanding the foregoing restriction, the Company may file one (1) registration statement on Form S-8 (the "Permitted Form S-8 Registration"") for 1,000,000 shares, provided however, the Company shall not issue or grant any shares pursuant to the Permitted Form S-8 Registration for at least six (6) months after the Effective Date of the Registration Statement.

Appears in 1 contract

Samples: Equity Distribution Agreement (Intrepid Technology & Resource Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.