Leak Out Provision Sample Clauses
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Leak Out Provision. Beginning 14 days from the date of Closing and subject to compliances with the registration requirements or exemption therefrom of applicable securities laws, Buyer agrees to allow the sale or transfer by the Halters of their 100,000 shares of common stock of the Company, at the cumulative rate of 25,000 shares per month for four months. "Cumulative" means that if any of the 25,000 shares for a month are not sold or transferred, same may be sold the following months or months along with the 25,000 shares for that month or months.
Leak Out Provision. During the Lockup Period, the undersigned may sell the Company Securities provided that the undersigned does not sell more than 10% of the average daily volume of the common stock in any given trading day, as reported by the NASDAQ Stock Market.
Leak Out Provision. Notwithstanding the restrictions above, on or after the six (6) month anniversary of the Initial Lockup Date, the Subscriber may sell up to fifty (50%) percent of each of the Securities comprising the Units subscribed (including Conversion Shares and Warrant Shares).
Leak Out Provision. If, during the Lockup Period, a Registration Statement on Form S-1 covering the resale of the Company Securities held by the undersigned is declared effective by the Securities and Exchange Commission, then the undersigned is permitted to sell (a) 1/18 of such registered Company Securities per month for the remainder of the Lockup Period, or (b) additional shares on any trading day if such additional sales will not exceed 15% of that day’s total trading volume.
Leak Out Provision. As of and after the Effective Date, sales of Common Stock by Blue Citi shall be limited to a maximum of fifty million (50,000,000) shares of Common Stock each calendar week. However, in the event that the total volume of traded shares for the Common Stock exceeds three hundred million (300,000,000) in any calendar week, then the trading limitation for the following calendar week shall be increased to seventy five million (75,000,000) shares of Common Stock.
Leak Out Provision. Notwithstanding the restrictions in Section 1 herein, the undersigned may sell up to 5% of the Parent Securities owed by the undersigned in any given calendar month, beginning with the first full calendar month after the date that is the twelve month anniversary of this Letter Agreement.
Leak Out Provision. Notwithstanding the restrictions in Section 1 herein, beginning on the six (6) month anniversary of this Letter Agreement and continuing until the expiration of the Lockup Period, the undersigned may sell, on any trading day, Parent Securities in an amount equal to up to 10% of the average daily volume of the Parent’s common stock on the date of such proposed sale.
Leak Out Provision. Notwithstanding the restrictions set forth in Section 1 herein, beginning on the date that is the thirteen (13) month anniversary of the Closing Date and ending on the expiration of the Lockup Period, the undersigned may sell Company Securities in such amount as shall equal up to 3.5% of the average daily volume of the Company’s common stock on any given trading day.
Leak Out Provision. Upon the granting of this Option at the successful conclusion of Phase Three of the related Stock Purchase Agreement, Optionor will own approximately 350,000 shares of Quazon Corp. common stock, in addition to the 2,519,527 shares covered by this Option. Following the granting of this Option, Optionor agrees that he will not sell into the pubic market, more than 10,000 shares of Quazon Corp. common stock per week (from Optionor's remaining 350,000 shares) during the four month time period commencing June 1, 2001 and ending September 30, 2001. Optionor further agrees that in the event Optionor intends to sell more than 1,500 shares in any one day, that Optionor shall give Optionee at least 48 hours' advance notice of the proposed sale. If Phase Three of the Stock Purchase Agreement is not successfully completed, then this option shall not be granted and this leak out provision shall not apply.
Leak Out Provision. During any Lockup Period, (A) the undersigned may sell Common Stock, provided that the undersigned does not sell, on any given Trading Day, a number of shares of Common Stock that is greater than (i) 15% of the 30 day average daily volume of the common stock for the period ended one Trading Day prior to the date of such sale, as reported by The NASDAQ Capital Market; and (ii) 20% of the 30 day average daily volume of the common stock for the period ended one Trading Day prior to the date of such sale in the event that the VWAP shall equal or exceed $17.00 per share (provided that, as noted above, there will be no volume restrictions during any day that the VWAP is equal to or exceeds $20.00 per share on such Trading Day) and (B) the undersigned may sell Common Stock without regard to volume limitations on any day in which at least 1,000,000 shares have traded at a weighted average price of at least $15.00 per share, provided the undersigned may not offer or sell such Common Stock for a price that is less than $15.00 per share. The foregoing dollar thresholds are subject to equitable adjustments in the event of any stock split, stock consolidation, stock dividend or other similar event affecting the Common Stock.