Foreign Shareholding Restrictions Sample Clauses

Foreign Shareholding Restrictions. The trading of Securities under the China Stock Connect is subject at all times to the relevant regulations, including the Foreign Shareholding Restrictions, which impose purchasing and holding limits. These limitations and restrictions may have the effect of restricting the Customer's ability to purchase, subscribe for or hold any China Connect Securities or take up any entitlements in respect of China Connect Securities, or requiring the Customer to reduce its holdings in any China Connect Securities, whether generally or at a particular point of time, and whether by way of forced sale or otherwise, and notwithstanding that the Customer's individual holding does not exceed such limitations or restrictions. As such, the Customer may incur loss arising from such limitations, restrictions and/or forced sale.
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Foreign Shareholding Restrictions. Where, under the terms of the China Connect Rules, the Broker receives notice (a "Forced-sale Notice") from a China Connect Authority requiring the Broker to sell and liquidate a specified number of China Connect Securities owned by the Client, the Client hereby authorises the Broker to sell or arrange for the sale of such China Connect Securities on behalf of the Client on such terms and at such price (including any associated fees and expenses, and without any obligation to ensure the best price) and at such time as the Broker may determine in its absolute discretion within the period specified by the relevant China Connect Authority. Where China Connect Securities owned by the Client that are the subject of a Forced-sale Notice have been transferred from the holding of the Clearing Participant that settled the relevant Northbound buy order (the "Original CP") to another Clearing Participant or custodian (the "Recipient Agent"), the Client hereby authorises the Broker to instruct the Recipient Agent on behalf of the Client to return the relevant China Connect Securities to the Original CP for sale and liquidation in accordance with Market Requirements. The Client also undertakes to inform the Recipient Agent of such authorisation and, where required, to instruct the Recipient Agent to act accordingly. The Client hereby authorises the Broker to sell or arrange for the sale of any amount of China Connect Securities owned by the Client if the Broker receives notice from any China Connect Authority requiring the Client to disgorge any profits as a result of the "short swing profit rule".
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Foreign Shareholding Restrictions. The CSRC stipulates that, when holding Mainland A-shares through China Connect, Hong Kong and overseas investors are subject to the following shareholding restrictions:
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Foreign Shareholding Restrictions. Under the current regulatory regime in the Mainland, Hong Kong and overseas investors holding shares in a listed company are subject to the following shareholding restrictions: - Single foreign investors' shareholding by any Hong Kong or overseas investor in a listed company must not exceed 10% of the company's total issued shares; and - Aggregate foreign investors' shareholding by all Hong Kong and overseas investors in an A share must not exceed 30% of the total issued shares. Should the aggregate foreign shareholding of an individual A share exceeds the aggregate foreign shareholding limit, the investors concerned may be required to unwind their position on the excessive shareholding according to a last-in-first-out basis within a specific period in compliance with the applicable forced-sale procedures. SEHK and SSE and / or SZSE (as the case may be) will also issue warnings or restrict the buy orders for the related A-shares if the percentage of total shareholding is approaching the upper limit. If an investor's shareholding in a listed company exceeds the single shareholding limit, the investor will be subject to forced-sale arrangement as well. If a customer of Dah Sing Bank is subject to forced-sale arrangement but fails to sell the relevant shares within the stipulated timeframe, Dah Sing Bank shall take appropriate action on behalf of the customer to ensure compliance. Disclosure obligation and compliance with the applicable laws in the Mainland Investors should familiarize themselves with and observe the applicable laws, rules and regulations in the Mainland concerning Northbound Trading. Under the current regulatory regime in the Mainland, when an investor holds or controls 5% or more of the issued shares of a listed issuer, the investor is required to disclose his interest within three working days in the Mainland. Such investor may not buy or sell the shares in the listed issuer within the three- day period. For such investor, every time when there is an increase or decrease by 5% in his shareholding or the shareholding controlled by him, the investor is required to make a disclosure within three working days in the Mainland. From the day the disclosure obligation arises to two working days after the disclosure is made, the investor may not buy or sell the shares in the listed issuer. If a change in shareholding of the investor or the shareholding controlled by him is less than 5% but results in the shares held or controlled by the investor fa...
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Foreign Shareholding Restrictions. Under Mainland laws and regulations, there are shareholding limits on a single foreign investor and the aggregate foreign investors in a single Mainland listed company. CSSS has the right to force-sell your shares upon receiving a forced-sale notification from SEHK. Accordingly, you should ensure you fully understand the Mainland rules and regulations in relation to shareholding restrictions and disclosure obligations and comply with such rules and restrictions thereto.
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Foreign Shareholding Restrictions. It is the Client’s responsibility to comply with all applicable foreign shareholding restrictions under PRC law. When the aggregated foreign shareholding of an individual China Connect Securities reaches 26%, SSE or SZSE will publish notices on its website. If aggregate foreign shareholding exceeds the 30% threshold, the foreign investors concerned (including the Client, if applicable) will be requested to sell the shares on a last-in-first-out basis within five trading days. The Exchange will identify, based on its or the Exchange Subsidiary’s own records which shall be final and conclusive, the relevant exchange participants (which may include the Company) and the quantity of China Connect Securities which such exchange participants are required to arrange their clients (including the Client) to sell and liquidate pursuant to a Forced Sale Notice. Once SSE or SZSE informs the Exchange that the aggregate foreign shareholding of a China Connect Securities reaches 28%, further Northbound buy orders in that China Connect Securities will not be allowed, until the aggregate foreign shareholding of that China Connect Securities is sold down to 26%. If the 30% threshold is exceeded due to the China Connect Service, the Exchange may require the Company to sell any China Connect Securities (pursuant to Clause 5 of China Connect Securities (Northbound Trading) Services Agreement in Part 2). The Client may suffer investment losses as it is prevented from purchasing or selling China Connect Securities at its preferred time. The limits imposed are subject to change from time to time and the Company shall not be under any obligation to inform the Client of any such changes.
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Related to Foreign Shareholding Restrictions

  • Selling Restrictions (i) Except as expressly set forth below, the Investor covenants that from and after the Closing Date through and including the Trading Day next following the expiration or termination of this Agreement as provided in Article VIII (the “Restricted Period”), none of the Investor, its sole member, any of their respective officers, or any entity managed or controlled by the Investor or its sole member (collectively, the “Restricted Persons” and each of the foregoing is referred to herein as a “Restricted Person”) shall, directly or indirectly, (i) engage in any Short Sales of the Common Stock or (ii) hedging transaction, which establishes a net short position with respect to the Common Stock, with respect to each of clauses (i) and (ii) hereof, either for its own account or for the account of any other Restricted Person. Notwithstanding the foregoing, it is expressly understood and agreed that nothing contained herein shall (without implication that the contrary would otherwise be true) prohibit any Restricted Person during the Restricted Period from: (1) selling “long” (as defined under Rule 200 promulgated under Regulation SHO) the Securities; or (2) selling a number of shares of Common Stock equal to the number of Shares that the Investor is unconditionally obligated to purchase under any pending VWAP Purchase Notice or any pending Intraday VWAP Purchase Notice (as applicable), but has not yet received from the Company or its transfer agent pursuant to this Agreement, so long as (X) the Investor (or its Broker-Dealer, as applicable) delivers the Shares purchased pursuant to such pending VWAP Purchase Notice and the Shares purchased pursuant to such pending Intraday VWAP Purchase Notice (as applicable) to the purchaser thereof promptly upon the Investor’s receipt of such Shares from the Company in accordance with Section 3.3 of this Agreement and (Y) neither the Company or its transfer agent shall have failed for any reason to deliver such Shares to the Investor or its Broker-Dealer so that such Shares are timely received by the Investor as DWAC Shares on the applicable Purchase Share Delivery Date for such VWAP Purchase and on the applicable Purchase Share Delivery Date for such Intraday VWAP Purchases (as applicable) in accordance with Section 3.3 of this Agreement.

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  • Certain Restrictions (A) Whenever quarterly dividends or other dividends or distributions payable on the Series A Preferred Stock as provided in Section 2 are in arrears, thereafter and until all accrued and unpaid dividends and distributions, whether or not declared, on shares of Series A Preferred Stock outstanding shall have been paid in full, the Corporation shall not:

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