Prohibition Against Speculative Investment Clause Samples

Prohibition Against Speculative Investment. Because of the importance of the Project to the general welfare of the community, Redeveloper represents and agrees that its acquisitions of the Township Properties conveyed to Redeveloper, and any Acquisition Parcels acquired by Redeveloper, and Redeveloper’s undertakings pursuant to this Redevelopment Agreement are, and will be used, for the purpose of the Redevelopment Project and redevelopment of the Project Site as provided herein, and not for speculation in land holding.
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Prohibition Against Speculative Investment. Because of the importance of the Project to the general welfare of the community, Redeveloper represents and agrees that its acquisition of the Edison Battery Parcels and Redeveloper’s undertakings pursuant to this Agreement are, and will be used, for the purpose of the Phase 1 Project and redevelopment of the Downtown Redevelopment Area as provided herein, and not for speculation in land holding.
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Related to Prohibition Against Speculative Investment

  • Prohibition of Short Sales and Hedging Transactions The Investor agrees that beginning on the date of this Agreement and ending on the date of termination of this Agreement as provided in Section 11, the Investor and its agents, representatives and affiliates shall not in any manner whatsoever enter into or effect, directly or indirectly, any (i) “short sale” (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of the Common Stock or (ii) hedging transaction, which establishes a net short position with respect to the Common Stock.