Common use of Limitation on Short Sales Clause in Contracts

Limitation on Short Sales. The Investor and its affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in the Put Notice.

Appears in 39 contracts

Samples: Investment Agreement (Li3 Energy, Inc.), Investment Agreement (Blue Sphere Corp.), Investment Agreement (Dynamic Ventures Corp.)

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Limitation on Short Sales. The Investor and its affiliates Affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in the Put Notice.

Appears in 31 contracts

Samples: Investment Agreement (American Utilicraft Corp), Investment Agreement (Cosmoz Com Inc/Ca), Investment Agreement (Salesrepcentral Com Inc)

Limitation on Short Sales. The Investor and its affiliates Affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in the Put Notice.

Appears in 8 contracts

Samples: Investment Agreement (Patriot Scientific Corp), Investment Agreement (Planet America Inc), Investment Agreement (Patriot Scientific Corp)

Limitation on Short Sales. The Investor and its affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in (as determined by the Investor as of the date of such Put Notice).

Appears in 4 contracts

Samples: Private Equity Line Agreement (Cytogen Corp), Equity Line of Credit Agreement (Interactive Telesis Inc), Private Equity Line Agreement (Pixtech Inc /De/)

Limitation on Short Sales. The Investor and its affiliates ------------------------- shall not engage in short sales of the Company's Common Stock; provided, -------- however, that the Investor may enter into any short exempt sale or any short sale or other hedging or ------- similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in (determined as of the date of such Put Notice).

Appears in 3 contracts

Samples: Escrow Agreement (Sonic Solutions/Ca/), Private Equity Line Agreement (Sonic Solutions/Ca/), Private Equity Line Agreement (Sonic Solutions/Ca/)

Limitation on Short Sales. The Investor and its affiliates Affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in (determined as of the date of such Put Notice).

Appears in 2 contracts

Samples: Private Equity Line of Credit Agreement (Neotherapeutics Inc), Private Equity Line Agreement (Female Health Co)

Limitation on Short Sales. The Investor and its affiliates Affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements arrangements' do not involve more than the number of such Put Shares specified in the Put Notice.

Appears in 2 contracts

Samples: Investment Agreement (New Millennium Media International Inc), Investment Agreement (New Millennium Media International Inc)

Limitation on Short Sales. The Investor and its affiliates shall not engage in short sales of the Company's Common Stock; Stock provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in the Put Notice.

Appears in 1 contract

Samples: Investment Agreement (Dc Brands International Inc)

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Limitation on Short Sales. The Investor and its affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short sale, "short exempt" sale (defined as short sales that are exempt sale or any from the rule that short sale sales must occur on upticks) or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in the Put Notice.

Appears in 1 contract

Samples: Investment Agreement (Patriot Scientific Corp)

Limitation on Short Sales. The Investor and its affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the number of such Put Shares specified in the Put Notice.. 24

Appears in 1 contract

Samples: Investment Agreement (Silver Falcon Mining, Inc.)

Limitation on Short Sales. The Investor and its affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares anytime after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the a number of such Put Shares specified in equal to the portion of the Individual Put NoticeLimit that has accrued up through the close of trading on the date of such sale.

Appears in 1 contract

Samples: Investment Agreement (Summedia Com Inc)

Limitation on Short Sales. The Investor and its affiliates Affiliates shall not engage in short sales of the Company's Common Stock; provided, however, that the Investor may enter into any short exempt sale or any short sale or other hedging or similar arrangement it deems appropriate with respect to Put Shares after it receives a Put Notice with respect to such Put Shares so long as such sales or arrangements do not involve more than the lesser of (i) the number of such Put Shares specified in the Put Notice, or (ii) the Individual Put Limit for such Put that has accrued as of the date of such sale.

Appears in 1 contract

Samples: Investment Agreement (College Bound Student Alliance Inc)

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