Common use of Moratorium Period Clause in Contracts

Moratorium Period. 4.1 The Sale Stocks shall be held on trust by the Trustee for a period of eighteen (18) months from the date of the Certificate of Trust (“Moratorium Period”). 4.2 During the Moratorium Period, the Purchaser shall not have the authority to re-sell the Sale Stocks to any third party. 4.3 After the expiry of the Moratorium Period, if the Purchaser is desirous of selling his/her Sale Stocks or any part thereof, he/she shall indicate his/her intention of selling to the Trustee and shall submit the Certificate of Trust and a Letter of Instruction in the form specified in Schedule 2 of this Agreement to the Trustee. 4.4 The Purchaser hereby acknowledges that the Trustee shall be utilising the services of a broker to assist the Purchaser in the sale of the Sale Stocks and thus the proceeds of sale to be paid to the Purchaser shall be less all costs incidental to the sale thereof including any broker fees.

Moratorium Period. 4.1 The Sale Stocks shall be held on trust by the Trustee for a period of eighteen (18) months from the date of the issuance of Certificate of Trust (“Moratorium Period”). 4.2 During the Moratorium Period, the Purchaser shall not have the rights and authority to re-sell the Sale Stocks to any third party. 4.3 After the expiry of the Moratorium Period, if the Purchaser is desirous of selling his/her Sale Stocks or any part thereof, he/she shall indicate his/her intention of selling to the Trustee and shall submit the original Certificate of Trust and a Letter of Instruction in the form specified in Schedule 2 1 of this Agreement to the Trustee. 4.4 The Purchaser hereby acknowledges that the Trustee shall be utilising the services of a broker to assist the Purchaser in the sale of the Sale Stocks and thus the proceeds of sale to be paid to the Purchaser shall be less all costs incidental to the sale thereof including any broker fees.