Common use of Covenant Not to Trade Clause in Contracts

Covenant Not to Trade. Each Purchaser covenants and agrees, not to purchase, sell, make any short sale of, pledge, grant any option for the purchase or sale of or otherwise trade any Common Stock prior to the conversion of the Bridge Notes (other than a purchase of Common Stock from the Company pursuant to the exercise of the Repricing Warrant or the Warrant), without the prior written consent of the Company.

Appears in 2 contracts

Samples: Bridge Notes Purchase and Security Agreement (Providential Holdings Inc), Pledge Agreement (Cumetrix Data Systems Corp)

AutoNDA by SimpleDocs

Covenant Not to Trade. Each Purchaser for itself and on behalf of each affiliate and associate of such Purchaser covenants and agrees, not to purchase, sell, make any short sale of, pledge, grant any option for the purchase or sale of or otherwise trade any Common Stock prior to the conversion of the Bridge Notes (other than a purchase of Common Stock from the Company pursuant to the exercise of the Repricing Warrant or the Warrant or the Callable Warrant), without the prior written consent of the Company.

Appears in 2 contracts

Samples: Bridge Note Purchase and Security Agreement (Tracker Corp of America), Bridge Note Purchase and Security Agreement (Tracker Corp of America)

Covenant Not to Trade. Each Purchaser for itself and on behalf of each affiliate and associate of such Purchaser covenants and agrees, not to purchase, sell, make any short sale of, pledge, grant any option for the purchase or sale of or otherwise trade any Common Stock prior to the conversion of the Bridge Notes (other than a purchase of Common Stock from the Company pursuant to the exercise of the Repricing Warrant or the Warrant), without the prior written consent of the Company.

Appears in 1 contract

Samples: Bridge Note Purchase Agreement (Cambex Corp)

AutoNDA by SimpleDocs

Covenant Not to Trade. Each Purchaser for itself and on behalf of each affiliate and associate of Purchaser covenants and agrees, not to purchase, sell, make any short sale of, pledge, grant any option for the purchase or sale of or otherwise trade any Common Stock prior to the conversion of the Bridge Notes (other than a purchase of Common Stock from the Company pursuant to the exercise of the Repricing Warrant or the Warrant), without the prior written consent of the Company.

Appears in 1 contract

Samples: Bridge Note Purchase and Security Agreement (Compositech LTD)

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