Limitation on Resales. For thirty (30) trading days following the Closing Date, the Holder shall not sell more than 2.0% of trading volume of Common Stock as reported by Bloomberg, LP for the applicable date of determination through open market sales through the NASDAQ Capital Market on any trading day in which the NASDAQ Capital Market is open for trading.
Limitation on Resales. Notwithstanding anything contained herein, prior to the date upon which shares of Common Stock issued as of the IPO Date would be eligible for resale under Rule 144(k) under the Securities Act, as such Rule may be amended from time to time (or any similar rule or regulation hereafter adopted by the Commission), each holder agrees to limit resales of Registrable Securities under a Shelf Registration Statement, to the number of shares of Registrable Securities which otherwise would be eligible for resale by such Selling Stockholder pursuant to Rule 144, assuming such Registrable Securities were issued as of the IPO Date.
Limitation on Resales. For a period of at least six months (as presently proposed by the SEC, or one year if the proposed amendments are not finalized) from the close of this offering, no resales of the Shares shall occur except (i) in accordance with the provisions of Regulation S (Rule 901 through 905, and Preliminary Notes), as promulgated by the U.S. Securities and Exchange Commission, (ii) pursuant to registration under the Securities Act, or (iii) pursuant to an available exemption from registration; and no hedging transactions involving these securities shall be conducted unless in compliance with the Securities Act.
Limitation on Resales. It is understood that AVG intends not to disrupt the market for the Company's shares by selling large blocks of stock delivered from exercise of the options all at once. In this connection, AVG agrees to sell no more than the number of shares received in return for the delivery of an aggregate exercise price of $2,500 in any single week. [Signatures on following page.] Very truly yours, SLS International, Inc.: By_______________________ John Gott, President Accepted and Agreed: Alfred V. Greco PLLC By___________________ Alfred V. Greco, Xxxxxxxxx _______________________ _______________________ Alfred V. Greco Milton Teicher
Limitation on Resales. D. Xxxxx and its principals agree to sell no more than $500,000 worth of the Shares in any calendar month, commencing with the calendar month in which the S-1 Resale Registration Statement is declared effective. Settlement agreement and release page 2
Limitation on Resales. All Underlying Shares issued to Holder pursuant to this Note shall be subject to resale restrictions as set forth herein. Upon any issuance of Underlying Shares to Holder, Xxxxxx’s right of resale with respect to such shares shall be limited such that Holder shall be entitled to resell no more than one-twelfth (1/12) of such shares in each of the subsequent twelve (12) months following issuance of such Underlying Shares. Xxxxxx’s resale rights hereunder are not cumulative, whereby if Holder does not sell any Underlying Shares in a given month, such fact shall not affect the number of shares that may be resold in any subsequent month. Notwithstanding the foregoing, after twelve (12) months from the issuance of any Underlying Shares to Holder, such shares shall have no contractual resale restrictions hereunder, and may be freely resold subject to compliance with applicable federal and state securities laws.
Limitation on Resales. As consideration for the Company's agreement to grant the Holders the registration rights set forth in this Agreement and its agreement to use its best efforts to enable Holders to sell under Rule 144, the Holders agree that they will see all their shares only in compliance with Rule 144 (or any successor Rule that may be adopted by the Commission) or pursuant to registration under the Securities Act as provided in this Agreement. Each Holder further agrees and acknowledges that the Agreement and transactions contemplated by the Agreement are designed to ensure that the transaction qualifies as a tax-free transaction under Section 368(a) of the Code. Therefore, notwithstanding any other rights in this agreement, each Holder agrees that it will not directly or indirectly sell, offer, pledge, contract or enter into any option to dispose of any of the Shares for a period of two years from the date of Closing, without the consent of the Company or an opinion of legal counsel or tax counsel to the Company that such sale, pledge, contract or option will not destroy the tax-free nature of the transaction for shareholders of Net Radio.
Limitation on Resales. Notwithstanding anything in this Agreement to the contrary, through and until June 30, 1997, the Seller may not sell or otherwise transfer any Buyer Shares, thereafter and through and until June 30, 1998, the Seller shall not sell or otherwise transfer more than 50,000 Buyer Shares during any thirty-day period.
