Trading Restriction. After the exercise of the Company's Repurchase Requirement and after the expiration of the sixty day period provided for the Repurchase Right of the Shareholders and the Company, if any Shares remain in the estate of the Shareholder, the Representative may transfer or sell their shares in their discretion subject to the following trading limitation: The Representative may sell every three months an amount of securities not to exceed the greater of: (i) one percent of the shares outstanding as shown by the most recent report or statement published by the Company; or (ii) the average weekly reported volume of trading in such securities on all national exchanges and/or reported through the automated quotation system of a registered securities associate during the four calendar weeks preceding the date of the sale.
Trading Restriction. Each Noteholder hereby acknowledges that it is aware that the reports referenced in Section 8.1(a) may contain material non-public information and that the United States securities laws prohibit any person who has received material, non-public information related to the Company from purchasing or selling securities of or related to the Company.
Trading Restriction. Party A acknowledges that the Shares have not been, and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption from the registration provisions of the Securities Act that depends upon, among other things, the bona fide nature of the investment intent and the accuracy of Party A’s representations expressed in this Agreement. Party A understands that the Shares are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws, such Party A must hold the Shares indefinitely unless they are registered with the Securities and Exchange Commission and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Each certificate representing the Shares will be stamped or otherwise imprinted with a legend in substantially the following form (in addition to any legends required by agreement or by applicable state securities laws): THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). SUCH SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH A REGISTRATION UNLESS THE COMPANY RECEIVES AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE ACT.
Trading Restriction. During the 60 Day Effectiveness Period, provided that the Company has met its obligations under the Transaction Documents including but not limited to there being no Event of Defaults, the Investor shall not engage in any trading of the Company’s Common Stock at a price below the then Conversion Price (as provided for in the Note).
Trading Restriction. Each of the undersigned, together with any of its affiliates, agree that it shall not sell shares of Common Stock during any trading day in an amount exceeding in the aggregate 10% (ten percent) of the composite aggregate share trading volume of the Common Stock, measured at the time of each sale of Common Stock during such trading day as reported on Bloomberg L.P.
Trading Restriction. (a) In addition to the restriction on resale imposed by the requirements of the Securities Act and applicable state securities or blue sky laws, the Holder also covenants hereby that it shall not resell any shares of the Registrable Securities unless:
Trading Restriction. Consultant is aware of the restrictions imposed by the United States securities laws on the purchase or sale of securities by any person who has received material, non-public information from the issuer of such securities and on the communication of such information to any other person. Consultant is aware that Quovadx is a publicly traded company, trading on Nasdaq under the symbol “QVDX” and that Consultant will receive material non-public information about Quovadx in the course of Consultant’s engagement under this agreement. Consultant agrees that during the term of this agreement and for a period of three months after its termination, Consultant will not trade in Quovadx securities.
Trading Restriction. The Amalco Shares arising out of the conversion of the Weekend Shares may be subject to trading restrictions ranging from a 4 month hold to a 36 month formal escrow agreement. Those shareholders of Weekend who purchased $0.075 units on a pre-consolidated basis, will receive Amalco Shares subject to a 4 month and one day hold from the Effective Date.
Trading Restriction. The Investor(s) and its affiliates will agree not to trade in the Company’s Common Stock until the earlier of (i) the announcement of the Closing of this transaction, or (ii) termination of discussions between the Investor(s) and the Company regarding this transaction. Expense Reimbursement: The Company shall pay up to $5,000 to the Investor(s) (individually) for outside legal expenses reasonably incurred in relation to documentation of this restructuring.
Trading Restriction. Neither Buyers nor their affiliates shall buy or sell shares of Common Stock during the 30-day period immediately preceding an interest payment date on the Debentures
