Common use of No Trading Clause in Contracts

No Trading. The Company acknowledges and agrees that it is aware, and that the Company’s Representatives are aware, or upon receipt of any material nonpublic information will be advised, of the restrictions imposed by Laws on a Person possessing material nonpublic information about a publicly traded company. The Company hereby agrees that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities of Acquiror (other than engaging in the transactions described herein), communicate such information to any third party, take any other action with respect to Acquiror in violation of such Laws, or cause or encourage any third party to do any of the foregoing.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Founder SPAC), Joinder Agreement (Motive Capital Corp), Agreement and Plan of Merger (Empower Ltd.)

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No Trading. The Company acknowledges and agrees that it is aware, and that the Company’s Representatives are awareaware or, or upon receipt of any material nonpublic information will be advised, of the restrictions imposed by Securities Laws on a Person possessing material nonpublic information about a publicly traded company. The Company hereby agrees that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities of Acquiror 7GC (other than engaging in the transactions described herein), communicate such information to any third party, take any other action with respect to Acquiror 7GC in violation of such Laws, or cause or encourage any third party to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger and Reorganization (7GC & Co. Holdings Inc.)

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No Trading. The Company acknowledges and agrees that it is aware, and that the Company’s Representatives are awareaware or, or upon receipt of any material nonpublic information will be advised, of the restrictions imposed by Federal Securities Laws on a Person possessing material nonpublic information about a publicly traded company. The Company hereby agrees that, while it is in possession of such material nonpublic information, it shall not purchase or sell any securities of Acquiror Rotor (other than engaging in the transactions described herein), communicate such information to any third party, take any other action with respect to Acquiror Rotor in violation of such Laws, or cause or encourage any third party to do any of the foregoing.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Rotor Acquisition Corp.)

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