Cease Trade Order Clause Samples

Cease Trade Order. In the event that any law or regulation is enacted or changed or any order, action or proceeding is made or threatened by a Securities Regulator or other competent authority, that prevents or restricts trading in or distribution of the securities of the Company, Valdy or the Resulting Issuer in the reasonable opinion of the Agents (or any one of them) materially adversely affects or might reasonably be expected to materially adversely affect the market price or value of the securities of the Company, Valdy or the Resulting Issuer, the Agents (or any one of them) shall be entitled, at their option, in accordance with Section 12(a)(vii) hereof, to terminate their obligations under this Agreement (and the obligations of the Purchasers arranged by them to purchase the Subscription Receipts) by written notice to that effect given to the Company prior to the Closing Time.

Cease Trade Order. In the event that a stop order exists with respect to the securities of the Company, the Agents shall be entitled, at their sole option, in accordance with subparagraph 9(h) of this Agreement, to terminate their obligations under this Agreement (and the obligations of the Purchasers arranged by it to purchase Special Warrants) by written notice to that effect given to the Company prior to the Closing Time.

Cease Trade Order. In the event that any order to cease trading in securities of the Company is made or threatened by a securities regulatory authority, the Underwriter shall be entitled, at its option, in accordance with subparagraph 11(f) of this Agreement, to terminate its obligations under this Agreement (and the obligations of the Purchasers arranged by them to purchase Special Warrants) by written notice to that effect given to the Company prior to the Special Warrant Closing Time.

Cease Trade Order. In the event that any order, action or proceeding which ceases trades or otherwise operates to prevent or restrict trading in securities of the Company is made or threatened by a Securities Regulator, the Agent shall be entitled, at its sole discretion, in accordance with Subsection 7.8 of this Agreement, to terminate its obligations under this Agreement (and the obligations of the Purchasers arranged by them to purchase the FT Units and Subscription Receipts by written notice to that effect given to the Company prior to the Closing Time.

Cease Trade Order. The issued and outstanding Common Shares are listed and posted for trading solely on the TSXV, the Company is in the process of applying to list the Common Shares underlying the Offered Securities, the Warrant Shares and the Compensation Shares on the TSXV and no order ceasing or suspending trading in any securities of the Company or the trading of any of the Company's issued securities is currently outstanding and no proceedings for such purpose are threatened, or to the knowledge of the Company, pending;

Cease Trade Order. Buyer shall have received, from the British Columbia Securities Commission (“BCSC”) a revocation or lifting of that certain Cease Trade Order dated December 11, 2009 which prohibits the Buyer from issuing securities of the Company.

Cease Trade Order. The issued and outstanding Common Shares are listed and posted for trading on the Canadian Exchange and the Principal Trading Market, and the Placement Shares will be listed and posted for trading on the Canadian Exchange and the Principal Trading Market as of each Applicable Time. No order ceasing or suspending trading in any securities of the Company or the trading of any of the Company’s issued securities is currently outstanding and no proceedings for such purpose are threatened, or to the knowledge of the Company, pending.

Cease Trade Order. No securities commission or similar regulatory body nor any securities exchange has issued any order preventing or suspending trading in any securities of PTI and PTI is not in default of any requirements of any Applicable Laws relating to securities.

Cease Trade Order. The Stockholders and Axion Creditors shall promptly take commercially reasonable efforts to cure Axion’s Cease Trade Order currently in place with the British Columbia Securities Commission.