Market Stand-Off Provision. The Investor agrees that, during the period of duration specified by the Company and an underwriter of Common Stock or other securities of the Company following the effective date of a registration statement of the Company filed under the Securities Act (which period shall not exceed 180 days), the Investor shall not, to the extent requested by the Company, directly or indirectly sell, contract to sell (including, without limitation, any short sale), grant any option to purchase or otherwise transfer or dispose of any securities of the Company held by the Investor at any time during such period. In order to enforce the provisions of this Section 6.3, the Company may impose stop-transfer instructions with respect to the securities held by the Investor and its affiliates that are subject to the foregoing restriction until the end of such period.
Appears in 4 contracts
Samples: Stock Purchase Agreement (Diversa Corp), Stock Purchase Agreement (Diversa Corp), Stock Purchase Agreement (Diversa Corp)
