Common use of Restriction on Short Sales Clause in Contracts

Restriction on Short Sales. The Purchaser agrees that, so long as any of the Notes remain outstanding, the Purchaser will not enter into or effect any “short sale” (as such term is defined in Rule 3b-3 of the 1000 Xxx) of the Common Stock or hedging transaction which establishes a net short portion with respect to the Common Stock.

Appears in 2 contracts

Samples: Securities Purchase Agreement (First Corp /Cn/), Securities Purchase Agreement (First Corp /Cn/)

AutoNDA by SimpleDocs

Restriction on Short Sales. The Purchaser agrees that, so long as any of the Notes remain outstanding, the Purchaser will not enter into or effect any “short sale” (as such term is defined in Rule 3b-3 of the 1000 0000 Xxx) of the Common Stock or hedging transaction which establishes a net short portion with respect to the Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (First Corp /Cn/)

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