Common use of Disposal of Securities Clause in Contracts

Disposal of Securities. If the Subscriber or any of its Associates or Representatives acquires ownership of any interest in, or rights over, any Securities in contravention of the provisions of this document it must promptly dispose, or procure the disposal, of such Securities and until such disposal the Subscriber will not, and will procure that no other person shall, exercise any voting rights attached to such Securities.

Appears in 4 contracts

Samples: www.sec.gov, Peplin Inc, Peplin Inc

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