Common use of No Distribution Intent Clause in Contracts

No Distribution Intent. Buyer represents to the Company that it is not acquiring the Shares with a view to, nor does it have any current intent to engage in, a distribution of the Shares. Buyer acknowledges that as an affiliate under Rule 144, Buyer may only resell the Shares in accordance with the applicable terms and conditions of Rule 144 (other than Rule 144(d)), including restrictions on the volume of Shares that may be resold and the manner of sale.

Appears in 4 contracts

Samples: Stock Purchase Agreement (Denbury Resources Inc), Stock Purchase Agreement (Denbury Resources Inc), Stock Purchase Agreement (TPG Partners Lp)

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