Common use of Limits on Sales Clause in Contracts

Limits on Sales. The Acquirer agrees that if it decides to resell some or all of the Shares, it will do so only in an appropriate manner based upon whether the shares are registered or unregistered, i.e., on the Nasdaq National Market or in a Rule 144A compliant transaction. Subject to the foregoing restrictions, the Acquirer may sell or resell the Shares in any lot size, or at any volume, desired by the Acquirer.

Appears in 3 contracts

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

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Limits on Sales. The Acquirer agrees that if it decides to resell some or all of the Shares, it will do so only in an appropriate manner through orderly sales executed through a top-tier brokerage firm, and based upon whether the shares are registered or unregistered, i.e., on the Nasdaq National Market NYSE.MKT or other national securities exchange, or in a Rule 144A compliant transaction. Subject to the foregoing restrictions, the Acquirer may sell or resell the Shares in any lot size, or at any volume, desired by the Acquirer.

Appears in 1 contract

Samples: Stock Purchase Agreement (Biotime Inc)

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Limits on Sales. The Acquirer agrees that if it decides to resell some or all of the Shares, it will do so only in an appropriate manner through orderly sales executed through a top-tier brokerage firm, and based upon whether the shares are registered or unregistered, i.e., on the Nasdaq National Market or in a Rule 144A compliant transaction. Subject to the foregoing restrictions, the Acquirer may sell or resell the Shares in any lot size, or at any volume, desired by the Acquirer.

Appears in 1 contract

Samples: Common Stock Purchase Agreement (Geron Corp)

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