Purchase Restriction definition

Purchase Restriction has the meaning specified in the definition of Alternative Payment Mechanism.
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Purchase Restriction means any restriction under applicable law (including, without limitation, a blackout period under the U.S. Sarbanes-Oxley Act of 2002) or the rules of Nasdaq or any other principal national securities exchange on which Shares are traded that would prohibit a Nonemployee Director from purchasing Shares.
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Purchase Restriction means any restriction under applicable law (including, without limitation, a blackout period under the Sarbanes-Oxley Act of 2002) or the rules of The Nasdaq Stock Market or any other principal national securities exchange on which shares of the applicable series of Common Stock are traded that would prohibit a Nonemployee Director from purchasing Common Stock.
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Examples of Purchase Restriction in a sentence

  • To the extent the Fund agrees to a shorter Round Trip, Second Round Trip, and/or Purchase Restriction Period with any other Intermediary, the Fund agrees to promptly notify GWFS, and send an amendment to this agreement reflecting the provisions more favorable to GWFS.

  • The Company shall use reasonable efforts to obtain any consents or waivers which would eliminate the existence or applicability of any Stock Purchase Restriction.

  • Each such forecast shall be non-binding; provided however, if SGB fails to purchase at least sixty percent (60%) of the amount forecast for two (2) consecutive Contract Years, CGI shall have the right to terminate the Exclusive Purchase Restriction in the manner set forth in Section 8.2(b) of the Agreement.

  • If Fund identifies a Shareholder that has been subject to the Purchase Restriction Period more than once because of repeated Frequent Trading, Fund may provide written direction to Intermediary to implement special restrictions on such Shareholder as Fund deems necessary.

  • In the event that a Closing is postponed in accordance with the second preceding sentence, the Aggregate Purchase Price or First Buy-Out Payment otherwise payable at the postponed Closing shall be increased by an interest-like accrual on such amount at the rate of nine percent (9%) per annum from the date on which the Closing would have taken place but for the existence of a Stock Purchase Restriction to the date of the actual Closing.

  • Subject to any applicable Purchase Restriction as described in Section 10.3, to the extent a Nonemployee Director has elected in writing to receive stock in lieu of Director Compensation, such Nonemployee Director will receive shares of Common Stock on the last day of the calendar quarter for which the Director Compensation was earned.

  • Fund Company hereby instructs Intermediary to notify the Participant and to impose the Purchase Restriction Period as soon as administratively possible on any Participant identified as completing a Second Round Trip within a particular Fund(s).

  • Annual Fee: $106,00.00 per year Additional Charges: Event Based Reporting for Omnibus Accounts $250.00 per month Purchase Restriction Letters for Fully Disclosed Accounts: $5.00 per letter* * 40 letters per year will be provided at no charge; letters in excess of 40 per year will be billed the above rate.

  • Intermediary is instructed to restore the Participant’s Exchange Purchase privileges upon the expiration of the Purchase Restriction Period.

  • In the event that a Closing is postponed in accordance with the second preceding sentence, each Aggregate Purchase Price otherwise payable at the postponed Closing shall be increased by an interest-like accrual on such amount at the rate of nine percent (9%) per annum from the date on which the Closing would have taken place but for the existence of a Stock Purchase Restriction to the date of the actual Closing.


More Definitions of Purchase Restriction

Purchase Restriction has the meaning specified in the definition of Alternative Payment Mechanism. "Qualifying Capital Securities" means securities (other than Common Stock, Rights to acquire Common Stock, Mandatorily Convertible Preferred Stock and Debt Exchangeable for Equity) that rank pari passu with or junior to the Most Junior Subordinated Debt of the issuer upon its liquidation, dissolution or winding up and, in the determination of the Board of Directors reasonably construing the definitions and other terms of this Replacement Capital Covenant, meet one of the following criteria:
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Related to Purchase Restriction

  • Put Restriction means the days between the beginning of the Pricing Period and Closing Date. During this time, the Company shall not be entitled to deliver another Put Notice.

  • Transfer Restriction means any condition to or restriction on the ability of the Subscriber to pledge, sell, assign or otherwise transfer the Shares under any organizational document, policy or agreement of, by or with the Company, but excluding the restrictions on transfer described in paragraph 6(c) of this Subscription Agreement with respect to the status of the Shares as “restricted securities” pending their registration for resale or transfer under the Securities Act in accordance with the terms of this Subscription Agreement.

  • Forfeiture Restrictions means any prohibitions and restrictions set forth herein with respect to the sale or other disposition of Shares issued to the Recipient hereunder and the obligation to forfeit and surrender such shares to the Company.

  • Payment Restriction means, with respect to a Subsidiary of any Person, any encumbrance, restriction or limitation, whether by operation of the terms of its charter or by reason of any agreement or instrument, on the ability of (i) such Subsidiary to (a) pay dividends or make other distributions on its Capital Stock or make payments on any obligation, liability or Indebtedness owed to such Person or any other Subsidiary of such Person, (b) make loans or advances to such Person or any other Subsidiary of such Person or (c) transfer any of its property or assets to such Person or any other Subsidiary of such Person or (ii) such Person or any other Subsidiary of such Person to receive or retain any such (a) dividend, distributions or payments, (b) loans or advances or (c) property or assets.

  • Company Restricted Shares means all shares of Company Common Stock subject to vesting restrictions and/or forfeiture back to the Company, whether granted under a Company Stock Plan or otherwise.