Common use of Short Selling Clause in Contracts

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s Common Stock, or sell put options or similar instruments with respect to the Company’s Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion immediately upon submission of the applicable Debenture Conversion Notice, and payment of the purchase price, to the Company for such Common Stock.

Appears in 11 contracts

Samples: Securities Purchase Agreement (CSMG Technologies, Inc.), Securities Purchase Agreement (Espre Solutions Inc), Securities Purchase Agreement (Turbine Truck Engines Inc)

AutoNDA by SimpleDocs

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s 's Common Stock, or sell put options or similar instruments with respect to the Company’s 's Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion and Warrant exercise immediately upon submission of the applicable Debenture Conversion NoticeNotice and Warrant Notice of Exercise, and payment of the purchase price, to the Company for such Common Stock.

Appears in 3 contracts

Samples: Securities Purchase Agreement (American Healthchoice Inc /Ny/), Securities Purchase Agreement (World Am, Inc.), Securities Purchase Agreement (World Am, Inc.)

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s 's Common Stock, or sell put options or similar instruments with respect to the Company’s 's Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion and Warrant exercise immediately upon submission of the applicable Debenture Conversion NoticeNotice and Warrant Notice of Exercise, and payment of the purchase price, to the Company Company, for such Common Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (RMD Technologies, Inc.), Securities Purchase Agreement (RMD Technologies, Inc.)

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s 's Common Stock, or sell put options or similar instruments with respect to the Company’s 's Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion immediately upon submission of the applicable Debenture Conversion Notice, and payment of the purchase price, to the Company for such Common Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Seaway Valley Capital Corp), Securities Purchase Agreement (Advanced Id Corp)

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s Common Stock, or sell put options or similar instruments with respect to the Company’s Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion and Warrant exercise immediately upon submission of the applicable Debenture Conversion NoticeNotice and Warrant Notice of Exercise, and payment of the purchase price, to the Company for such Common Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Infinium Labs Inc), Securities Purchase Agreement (Material Technologies Inc /Ca/)

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s Common Stock, or sell put options or similar instruments with respect to the Company’s Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion and Warrant exercise immediately upon submission of the applicable Debenture Conversion NoticeNotice and Warrant Notice of Exercise, and payment of the purchase price, to the Company Company, for such Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Human Biosystems Inc)

AutoNDA by SimpleDocs

Short Selling. So long as the Debenture this Warrant is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s Common Stock, or sell put options or similar instruments with respect to the Company’s 's Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock Shares from each Debenture conversion Warrant exercise immediately upon submission of the applicable Debenture Conversion NoticeWarrant Notice of Exercise, and payment of the purchase priceExercise Price, to the Company Company, for such Common StockShares.

Appears in 1 contract

Samples: Warrant to Purchase Common Stock (American Security Resources Corp.)

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s Common Stock, or sell put options or similar instruments with respect to the Company’s Common Stock. The parties acknowledge that Holder shall be entitled to sell the Common Stock from each Debenture conversion immediately upon submission of the applicable Debenture Conversion Notice, and payment of the purchase price, to the Company for such Common Stock.. ___________________ Initials ____________________ Initials

Appears in 1 contract

Samples: Securities Purchase Agreement (MultiCell Technologies, Inc.)

Short Selling. So long as the Debenture is outstanding, Holder agrees and covenants on its behalf and on behalf of its affiliates that neither Holder nor its affiliates shall at any time engage in any short sales with respect to the Company’s Common Stock, or sell put options or similar instruments with respect to the Company’s Common Stock. The parties acknowledge that Holder shall be entitled entitled, subject to applicable securities laws, to sell the Common Stock from each Debenture conversion immediately upon submission of the applicable Debenture Conversion Notice, and payment of the purchase price, to the Company for such Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Etelcharge Com Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.