Common use of No Directed Selling Efforts Clause in Contracts

No Directed Selling Efforts. The Investor acknowledges that the Investor has not acquired the Shares as a result of, and will not itself engage in, any "directed selling efforts" (as defined in Regulation S under the Securities Act) in the U.S. in respect of the Shares which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the U.S. for the resale of the Shares; provided, however, that the Investor may sell or otherwise dispose of the Shares pursuant to registration of the Shares pursuant to the Securities Act and any applicable state and federal securities laws or under an exemption from such registration requirements and as otherwise provided herein.

No Directed Selling Efforts. The Investor acknowledges that the Investor has not acquired the Shares as a result of, and will not itself engage in, any "“directed selling efforts" ” (as defined in Regulation S under the Securities Act) in the U.S. in respect of the Shares which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the U.S. for the resale of the Shares; provided, however, that the Investor may sell or otherwise dispose of the Shares pursuant to registration of the Shares pursuant to the Securities Act and any applicable state and federal securities laws or under an exemption from such registration requirements and as otherwise provided herein.

No Directed Selling Efforts. The Investor Seller acknowledges that the Investor Seller has not acquired the Sale Shares as a result of, and will not itself engage in, any "“directed selling efforts" ” (as defined in Regulation S under the Securities Act) in the U.S. US in respect of the Sale Shares which would include any activities undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the U.S. US for the resale of the Sale Shares; provided, however, that the Investor Seller may sell or otherwise dispose of the Sale Shares pursuant to registration of the Sale Shares pursuant to the Securities Act and any applicable state and federal securities laws or under an exemption from such registration requirements and as otherwise provided herein.