Restriction on Trading. The Company shall not, and shall cause ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ to refrain from, trading in any shares of Common Stock (other than issuances by the Company and acquisitions by directors and executive officers upon exercise of outstanding stock options granted to directors and officers) until the earlier of (i) the effectiveness of the registration statement contemplated by the Registration Rights Agreement, or (ii) the date on which the Shares and Warrant Shares are freely tradable by the Buyer without restriction pursuant to Rule 144(k) promulgated under the ▇▇▇▇ ▇▇▇.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Main Street Restaurant Group, Inc.), Securities Purchase Agreement (Cic MSRG Lp)