Trading in Securities. The Company specifically acknowledges that, except to the extent specifically provided herein or in any of the other Transaction Agreements (but limited in each instance to the extent so specified), the Investor retains the right (but is not otherwise obligated) to buy, sell, engage in hedging transactions or otherwise trade in the Securities at any time after the delivery of a Put Notice pursuant to this Agreement as permitted by applicable federal and state securities laws. Notwithstanding the preceding sentence, the Investor warranties that it will only sell shares of Company common stock for which it has received a Put Notice from the Company. The Investor, its affiliates, agents and representatives shall not cause, engage in, in any manner whatsoever, and direct or indirect short-selling or hedging of the ordinary shares of the Company. Any sales subsequent to delivery of a Put Notice shall not be deemed a short sale or hedging transaction.
Appears in 3 contracts
Samples: Private Equity Credit Agreement (Greens Worldwide Inc), Private Equity Credit Agreement (American Pallet Leasing, Inc.), Private Equity Credit Agreement (American Pallet Leasing, Inc.)
Trading in Securities. The Company specifically acknowledges that, except to the extent specifically provided herein or in any of the other Transaction Agreements (but limited in each instance to the extent so specified), the Investor retains the right (but is not otherwise obligated) to buy, sell, engage in hedging transactions or otherwise trade in the Securities at any time after the delivery of a Put Notice pursuant to this Agreement as permitted by applicable federal and state securities laws. Notwithstanding the preceding sentence, the Investor warranties warrant that it will only sell shares of Company common stock for which it has received a Put Notice from the Company. The Investor, its affiliates, agents and representatives shall not cause, engage in, in any manner whatsoever, and direct or indirect short-selling or hedging of the ordinary shares securities of the Company. Any sales subsequent to delivery of a Put Notice shall not be deemed a short sale or hedging transaction.
Appears in 2 contracts
Samples: Private Equity Credit Agreement (Large Scale Biology Corp), Private Equity Credit Agreement (Large Scale Biology Corp)
Trading in Securities. The Company specifically acknowledges that, except to the extent specifically provided herein or in any of the other Transaction Agreements Documents (but limited in each instance to the extent so specified), the Investor retains the right (but is not otherwise obligated) to buy, sell, engage in hedging transactions or otherwise trade in the Securities at any time after the delivery of a Put Notice pursuant to this Agreement as permitted by applicable federal and state securities laws. Notwithstanding the preceding sentence, the Investor warranties warrants that it will only sell shares of Company common stock for which it has received a Put Notice from the Company. The Investor, its affiliates, agents and representatives shall not cause, engage in, in any manner whatsoever, and direct or indirect short-selling or hedging of the ordinary shares securities of the Company. Any sales subsequent to delivery of a Put Notice shall not be deemed a short sale or hedging transaction.
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