Restriction on Sales. The Optionee agrees not to sell more than 25,000 shares of Common Stock issuable pursuant to this agreement in any calendar week without the written consent of the Company.
Restriction on Sales. (a) The Holder agrees that, following the effectiveness of any Registration Statement relating to its Registrable Shares, the Holder will not effect any dispositions of any of its Registrable Shares pursuant to such Registration Statement or any filings under any state securities laws at any time after the Holder has received notice from the Company to suspend dispositions as a result of the occurrence or existence of any Suspension Event or so that the Company may correct or update the Registration Statement or such filing. The Holder will maintain the confidentiality of any information included in the written notice delivered by the Company unless otherwise required by law or subpoena. The Holder may recommence effecting dispositions of the Registrable Shares pursuant to the Registration Statement or such filings, and all other obligations which are suspended as a result of a Suspension Event shall no longer be so suspended, following further notice to such effect from the Company, which notice shall be given by the Company promptly after the conclusion of any such Suspension Event.
Restriction on Sales. From the time the Subscriber was made aware of the Offering (as defined in Section 8(c) hereof) until such time as the Offering is publicly announced, the Subscriber will not offer to sell, solicit offers to buy, dispose of, loan, pledge or grant any right with respect to the Common Stock.
Restriction on Sales. Short Sales and Hedging Transactions. Purchaser represents and agrees that during the period from the date Purchaser was first contacted with respect to the potential purchase of Shares and Warrants through the date of the execution of the Agreement by Purchaser, Purchaser did not, and from such date through the effectiveness of the Registration Statement (as defined below), Purchaser will not, directly or indirectly, execute or effect or cause to be executed or effected any short sale, option or equity swap transactions in or with respect to the Company's Common Stock or any other derivative security transaction the purpose or effect of which is to hedge or transfer to a third party all or any part of the risk of loss associated with the ownership of the Shares and Warrants by the Purchaser.
Restriction on Sales. For so long as the standstill obligations set forth in Section 5.5 of this Agreement are in effect, such Sponsor shall not sell Transaction Securities which are voting securities or Warrants to (a) any person in a transaction or a series of transactions where such voting securities, together with any other voting securities known by such Sponsor to have been sold to such person by any other Sponsor, represent more than 15% of Genesis's total voting power or (b) to any "competitor" of Genesis, except, in any case, in an underwritten public offering, in an underwritten offering effected pursuant to Rule 144A (or any successor provision) under the Securities Act or in a transaction approved by Genesis's board of directors. Such Sponsor shall give notice to Genesis of any transfer of such securities, including the name of the transferee and whether it believes the transferee and the selling Sponsor are a "person" (as such term is used in Sections 13(d) and 14(d) of the Exchange Act).
Restriction on Sales. Short Sales and Hedging Transactions. The Buyers will not, directly or indirectly, offer, sell, pledge, transfer or otherwise dispose of (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the Shares or the Warrant Shares, or sell short or enter into any hedging transaction with respect to the Shares or Warrant Shares except in compliance with the Securities Act, the Securities Exchange Act of 1934, as amended, applicable state securities laws and the respective rules and regulations promulgated thereunder.
Restriction on Sales. During the period beginning 10 days prior to and ending 180 days after the effective date of a registration statement of the Company filed under the 1933 Act and relating to an underwritten offering by the Company, SOFTBANK shall not, to the extent requested by the Company and any managing underwriter of such offering, directly or indirectly, sell, offer or contract to sell (including, without limitation, any short sale), grant any option to purchase or otherwise transfer or dispose of (other than to its affiliates or pursuant to gifts to donees who agree to be similarly bound) any Shares at any time during such period except Shares covered by such registration statement.
Restriction on Sales. (a) Each Holder hereby agrees with the Company that, during the one year period following the Closing Date, it shall not sell or otherwise transfer or dispose of (other than to donees, affiliates or partners who agree to be similarly bound) any Registrable Securities. To the extent that a Holder is released from the restrictions of this Section 8 (any such release shall be effectuated in accordance with the requirements of subsection (d) hereof), each other Holder will be similarly released on a pro rata or other equitable basis (as determined in good faith by the Board of Directors of the Company).
Restriction on Sales. Each equity incentive plan of the Company under which shares of Common Stock are issued shall at all times provide for a right of first refusal for the Company on all transfers of Common Stock, subject to customary exceptions, and to the extent such right of first refusal is set forth in the Company’s equity incentive plans, the Company shall not issue any shares of Common Stock without requiring the recipient thereof to agree in writing to such right of first refusal. In the event the Company chooses not to exercise such right in full with respect to any transfer subject to the right, the Company agrees to assign its right of first refusal with respect to such transfer to the Major Investors on a pro rata basis (based on the ratio of the number of shares of capital stock held by each Major Investor to the number of shares of capital stock of the Company held by all Major Investors, determined on an as-converted basis).
Restriction on Sales. No Member may sell any New Shares for a period of twelve months following the issuance of the New Shares (the "Lock-up Period"). No Member shall sell more than 10% of his or her New Shares in the public market in the twelve-month period following the expiration of the Lock-up Period or more than an additional 10% of his or her New Shares during the following twelve-month period. Any sales that a Member is permitted to make pursuant to this Section 4 may be made pursuant to either Rule 144 or any registration statement which may cover such shares. Any transferee of New Shares shall be subject to the same restrictions as are set forth in this Section 4.
