Definition of Surge Securities
Examples of Surge Securities in a sentence
Surge shall furnish to Shareholders such number of copies of a prospectus in conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of the Surge Securities owned by them.
Each Shareholder acknowledges and agrees that it will not engage in any hedging transactions with regard to the Surge Securities unless in compliance with the Securities Act.
Surge shall take such steps as may be necessary to comply with the securities and Blue Sky Laws of all jurisdictions which are applicable to the issuance of the Surge Securities pursuant hereto.
It shall be a condition precedent to the obligations of Surge to take any action under this Section 10.4 that the selling Shareholders shall furnish to Surge such information regarding themselves, the Surge Securities held by them and the intended method of disposition of such securities as may be reasonably requested by Surge and as shall be required to effect the registration of their Surge Securities.
Surge is not, and as a result of the issuance of the Surge Securities contemplated hereby will not be, an “investment company,” as such term is defined in the Investment Company Act of 1940, as amended.