Common use of No Short Position Clause in Contracts

No Short Position. Each of the Buyers and any of its affiliates do not have an open short position in the Common Stock, and each Buyer agrees that it will not, and that it will cause its affiliates not to, engage in any short sales of, or hedging transactions with respect to the Common Stock until such Buyer no longer owns a principal balance of the Convertible Debentures.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Cenuco Inc), Securities Purchase Agreement (Cenuco Inc)

AutoNDA by SimpleDocs

No Short Position. Each of Neither the Buyers and Buyer(s) nor any of its affiliates do not have an open short position in the Common StockStock of the Company, and each Buyer the Buyer(s) agrees that it will shall not, and that it will cause its affiliates not to, engage in any short sales of, of or hedging transactions with respect to the Common Stock until such Buyer no longer owns a principal balance of the as long as any Convertible DebenturesDebentures shall remain outstanding.

Appears in 2 contracts

Samples: Securities Purchase Agreement (Tech Laboratories Inc), Securities Purchase Agreement (Tech Laboratories Inc)

No Short Position. Each of Neither the Buyers and Buyer nor any of its affiliates do not have an open short position in the Common StockStock of the Company, and each the Buyer agrees that it will shall not, and that it will cause its affiliates not to, engage in any short sales of, of or hedging transactions with respect to the Common Stock until such Buyer no longer owns a principal balance of the Convertible Debenturesas long as any Notes shall remain outstanding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Infinity Resources Holdings Corp.)

AutoNDA by SimpleDocs

No Short Position. Each of the Buyers and any of its affiliates do not have an open short position in the Common Stock, and each Buyer agrees that it will not, and that it will cause its affiliates not to, engage in any short sales of, or hedging transactions with respect to the Common Stock until such Buyer no longer owns a principal balance of the Convertible DebenturesStock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Oxford Ventures Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!