Common use of Limits on Sales Clause in Contracts

Limits on Sales. MPI agrees that if it decides to resell some or all of the Shares, it will do so only through orderly sales executed through a top-tier brokerage house, and in an appropriate manner based upon whether the shares are registered or unregistered, i.e., on the Nasdaq Global Market or in a Rule 144A compliant transaction. MPI further agrees that it will not engage in short selling with respect to the Stock.

Appears in 5 contracts

Samples: Common Stock Purchase Agreement (Geron Corp), Common Stock Purchase Agreement (Geron Corp), Common Stock Purchase Agreement (Geron Corp)

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Limits on Sales. MPI agrees that if it decides to resell some or all of the Shares, it will do so only through orderly sales executed through a top-tier brokerage house, and in an appropriate manner based upon whether the shares are registered or unregistered, i.e., on the Nasdaq Global National Market or in a Rule 144A compliant transaction. MPI further agrees that it will not engage in short selling with respect to the Stock.

Appears in 2 contracts

Samples: Common Stock Purchase Agreement (Geron Corp), Common Stock Purchase Agreement (Geron Corp)

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