Common use of No Securities Transactions Clause in Contracts

No Securities Transactions. Neither the Company nor any of its controlled Affiliates, directly or indirectly, shall engage in any purchases or sales of the securities of Parent prior to the Effective Time without the consent of Parent. The Company shall use its commercially reasonable efforts to require each of its Affiliates that it controls to comply with the foregoing requirement.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Newtown Lane Marketing Inc), Agreement and Plan of Reorganization (Northern Star Acquisition Corp.), Agreement and Plan of Reorganization (Pivotal Investment Corp II)

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No Securities Transactions. Neither the Company nor any of its controlled Affiliatesaffiliates, directly or indirectly, shall engage in any purchases or sales of transactions involving the securities of Parent prior to the Effective Time Closing Date without the prior consent of Parent. The Company shall use its commercially reasonable best efforts to require each of its Affiliates that it controls officers, directors and employees, and shall use commercially reasonable best efforts to require each of its agents, advisors, contractors, associates, clients, customers and representatives, to comply with the foregoing requirement.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Long Blockchain Corp.)

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No Securities Transactions. Neither the Company nor any of its controlled Affiliates, directly or indirectly, shall engage in any purchases or sales of the securities of Parent prior to the Initial Effective Time without the consent of Parent. The Company shall use its commercially reasonable efforts to require each of its Affiliates that it controls to comply with the foregoing requirement.

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Northern Star Investment Corp. II)

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