Common use of Restriction on Short Sales Clause in Contracts

Restriction on Short Sales. The Buyers agree that, so long as any of the Notes remain outstanding, but in no event less than two (2) years from the date hereof, the Buyers will not enter into or effect any "short sales" (as such term is defined in Rule 3b-3 of the 1934 Act) of the Common Stoxx xx xxdging transaction which establishes a net short position with respect to the Common Stock.

Appears in 5 contracts

Samples: Securities Purchase Agreement (Advanced BioPhotonics Inc.), Securities Purchase Agreement (Jackson Rivers Co), Securities Purchase Agreement (Stronghold Technologies Inc)

AutoNDA by SimpleDocs

Restriction on Short Sales. The Buyers agree that, so long as any of the Notes remain outstanding, but in no event less than two (2) years from the date hereof, the Buyers will not enter into or effect any "short sales" (as such term is defined in Rule 3b-3 of the 1934 Act) of the Common Stoxx xx xxdging transaction Stock or hexxxxx xxansaction which establishes a net short position with respect to the Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Tradequest International Inc)

AutoNDA by SimpleDocs

Restriction on Short Sales. The Buyers agree that, so long as any of the Notes remain outstanding, but in no event less than two (2) years from the date hereof, the Buyers will not enter into or effect any "short sales" sales (as such term is defined in Rule 3b-3 of the 1934 Act) of the Common Stoxx xx xxdging transaction which establishes a net short position with respect to the Common Stock.

Appears in 1 contract

Samples: Securities Purchase Agreement (Palomar Enterprises Inc)

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