Common use of No Short Sales or Hedging Transactions Clause in Contracts

No Short Sales or Hedging Transactions. The Investor covenants and agrees that neither it, nor any Affiliate acting on its behalf or pursuant to any understanding with it will execute any Short Sales of the Common Stock or hedging transaction, which establishes a net short position with respect to the Common Stock during the period commencing with the execution of this Agreement and ending on the earlier of the Maturity Date (as defined in the New Note) or full satisfaction of the Company’s obligations under the New Note; provided that this provision shall not prohibit any sales made where a corresponding Issuance Notice is tendered to the Company and the shares of Common Stock received upon such issuance are used to close out such sale; provided, further that this provision shall not operate to restrict the Investor's trading under any prior securities purchase agreement containing contractual rights that explicitly protects such trading in respect of the previously issued securities.

Appears in 2 contracts

Samples: Exchange Agreement (DPW Holdings, Inc.), Exchange Agreement (DPW Holdings, Inc.)

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No Short Sales or Hedging Transactions. The Investor covenants and agrees that neither it, nor any Affiliate acting on its behalf or pursuant to any understanding with it will execute any Short Sales of the Common Stock or (ii) hedging transaction, which establishes a net short position with respect to the Common Stock Stock) during the period commencing with the execution of this Agreement and ending on the earlier of the Maturity Date (as defined in or its satisfaction by its use to acquire shares of Common Stock through the New Note) or full satisfaction use of the Company’s obligations prospectus supplements filed under the New NoteShelf S-3; provided that this provision shall not prohibit any sales made where a corresponding Issuance Notice is tendered to the Company and the shares of Common Stock received upon such issuance are used to close out such sale; provided, further that this provision shall not operate to restrict the Investor's trading under any prior securities purchase agreement containing contractual rights that explicitly protects such trading in respect of the previously issued securities.

Appears in 2 contracts

Samples: Exchange Agreement (DPW Holdings, Inc.), Exchange Agreement (DPW Holdings, Inc.)

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No Short Sales or Hedging Transactions. The Investor covenants and agrees that neither ithe, nor any Affiliate acting on its his behalf or pursuant to any understanding with it him will execute any Short Sales of the Common Stock or hedging transaction, which establishes a net short position with respect to the Common Stock during the period commencing with the execution of this Agreement and ending on the earlier of the Maturity Date (as defined in the New Note) or full satisfaction of the Company’s obligations under the New Note; provided that this provision shall not prohibit any sales made where a corresponding Issuance Conversion Notice is tendered to the Company and the shares of Common Stock received upon such issuance are used to close out such sale; provided, further that this provision shall not operate to restrict the Investor's trading under any prior securities purchase agreement containing contractual rights that explicitly protects such trading in respect of the previously issued securities.

Appears in 1 contract

Samples: Exchange Agreement (DPW Holdings, Inc.)

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