Common use of Covenant Against Short Sales Clause in Contracts

Covenant Against Short Sales. The Investor acknowledges that on the date ---------------------------- hereof and at no time since the Investor's execution of any subscription or other document contemplating the issuance of this Warrant, the Investor has not held or caused to be held, directly or indirectly, a "short" position in the Common Stock, and the Investor agrees that, during the Restricted Period, the Investor will l not (directly or indirectly through any other person or entity) hold or maintain a short position in or undertake a short sale of any of the Company's equity securities or equity-linked securities. The Restricted Period shall begin on the date of this Warrant and shall continue so long as this Warrant remains in effect (and, if this Warrant is exercised, then during the period which ends sixty (60) days after the earlier of: (i) the effectiveness of a Registration Statement as to the Common Stock purchased hereunder, or, (ii) the Registration Deadline

Appears in 2 contracts

Samples: Warrant Agreement (Integrated Business Systems & Services Inc), Warrant Agreement (Integrated Business Systems & Services Inc)

AutoNDA by SimpleDocs

Covenant Against Short Sales. The Investor acknowledges that on the date ---------------------------- hereof and at no time since the Investor's execution of any subscription or other document contemplating the issuance of this Warrant, the Investor has not held or caused to be held, directly or indirectly, a "short" position in the Common Stock, and the Investor agrees that, during the Restricted Period, the Investor will l I not (directly or indirectly through any other person or entity) hold or maintain a short position in or undertake a short sale of any of the Company's equity securities or equity-linked securities. The Restricted Period shall begin on the date of this Warrant and shall continue so long as this Warrant remains in effect (and, if this Warrant is exercised, then during the period which ends sixty (60) days after the earlier of: (i) the effectiveness of a Registration Statement as to the Common Stock purchased hereunder, or, (ii) the Registration Deadline.

Appears in 1 contract

Samples: Common Stock Purchase Warrant (Integrated Business Systems & Services Inc)

AutoNDA by SimpleDocs

Covenant Against Short Sales. The Investor acknowledges that on the date ---------------------------- hereof and at no time since the Investor's execution of any subscription or other document contemplating the issuance of this Warrant, the Investor has not held or caused to be held, directly or indirectly, a "short" position in the Common Stock, and the Investor agrees that, during the Restricted Period, the Investor will l not (directly or indirectly through any other person or entity) hold or maintain a short position in or undertake a short sale of any of the Company's equity securities or equity-linked securities. The Restricted Period shall begin on the date of this Warrant and shall continue so long as this Warrant remains in effect (and, if this Warrant is exercised, then during the period which ends sixty (60) days after the earlier of: (i) the effectiveness of a Registration Statement as to the Common Stock purchased hereunder, or, or (ii) the Registration Deadline

Appears in 1 contract

Samples: Warrant Agreement (Integrated Business Systems & Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!